Jul 02, 2020 - 0 Comments - Economy -

Chart: May 1 Miami-Dade Unemployment Level Dips After April COVID-19 Surge, Remains Below 2009 Peak

Miami-Dade County, Florida Unemployment Rate Year Ending May 1, 2020
Miami-Dade County, Florida Unemployment Rate January 1, 1990 to May 1, 2020

The effects of coronavirus on employment in the Miami area continue and are clearly evident in the May 1 unemployment rate of 11.3%. This is a drop, however, from the prior month’s level of 11.95%, and remains below the unemployment rate of 12.4% reached in August 2009. I think most people would have anticipated the effects of coronavirus on commerce would have resulted in a further increase in the May 1 number, thus this surely counts as a surprise development for those following.