Jobless claims in Florida dropped almost a quarter last week

Andrew Cummings
October 30, 2020

For the week of October 18-24, 17,531 initial jobless claims were submitted in the state, down slightly from the 17,598 new claims filed during the week of October 4-9, according to an Ohio Department of Job and Family Services release.

Nationally, 751,000 people filed new unemployment claims last week, down 40,000 from the previous week, according to the U.S. Department of Labor.

Since mid-March, a total of 1,807,545 unemployment claims were filed in OH - more than the number of claims filed during the previous four years combined, according to ODJFS.

Jobless claims have not been this low since the week ending March 14, when 282,000 Americans filed for aid, shortly before the virus-induced crisis triggered a flood of layoffs.

Meanwhile continued jobless claims decreased 709,000 to 7.8 million in the week.

The figures, the last snapshot of the labor market ahead of Tuesday's election, underscore a further, yet gradual, recovery in the job market. But their decline has slowed over the past few months as the pandemic continues - and starts to worsen again.

There are still roughly 10.7 million more out-of-work Americans than there were in February, before the pandemic hit.

The government said Thursday that growth rebounded sharply in the July-September quarter after an epic collapse in the spring, when the economy shrank at a 31.4% annual rate. But even with the outsize gain, gross domestic product is still below its pre-pandemic peak. They fell in 30 states, including big drops in California, Florida and Texas. Claims jumped in Michigan, Virginia and IL.

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