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Economy / Business

Florida Jobless Rate Drops In June As Businesses Reopen

Disney World Magic Kingdom Castle
Allison Varney (via WMFE)
The unemployment rate drop reflects the reopening of the state’s theme parks, restaurants, bars and other tourism-related businesses after weeks of coronavirus-related lockdowns.";

Florida’s unemployment rate dropped to 10.4% in June from the previous month’s 13.7%.

The drop reflects the reopening of the state’s theme parks, restaurants, bars and other tourism-related businesses after weeks of coronavirus-related lockdowns.

But economists said Friday that the state's economic future remains clouded by recent spikes in Florida’s COVID-19 caseload.

That is evidenced by this week’s showing that jobless claims almost doubled last week from the previous week.

Additionally, a host of large hotels have said that they are turning temporary furloughs from March into permanent layoffs at the end of July. Year-over-year, the hospitality industry has lost more than 1 in 5 jobs in Florida.