Florida’s monetary discomfort could linger as jobless claims bounce

Travis Hutson

TALLAHASSEE — A leading Florida economist explained to lawmakers Thursday that money problems could linger for a few of several years since of the resurging coronavirus pandemic, as very first-time unemployment claims tripled in the initially entire 7 days of 2021.

Amy Baker, coordinator of the Legislature’s Office of Financial & Demographic Study, said that even though lots of company sectors seasoned “very sharp snapbacks” from the pandemic’s preliminary strike past spring, uncertainty stays about the restoration of the state’s critical tourism industry and the long term of professional real-estate space.

“We have been looking at over the summer time definite improvement in our profits tax collections, at minimum considering about it calendar year in excess of yr,” Baker instructed users of the Senate Appropriations Committee. “But as we’ve moved into the slide, as we are on the lookout at the December numbers and some of the incredibly early January quantities, we know that the resurgence of the coronavirus is resulting in people to start to attract back a tiny bit.”

Della C. Mae

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