From West Palm Beach to Fort Lauderdale to the Miami River, developers and merchants are opening new stores and restaurants to serve edgy consumers who don't want to mingle in crowded malls and streets any more.
The $300 in U.S. unemployment money is likely to arrive in January after Congress approved the money as part of a supplemental COVID-19 relief bill. But speed has not been Florida’s forte in delivering jobless benefits during the pandemic.
The powerhouse Wall Street firm Goldman Sachs is reported to be searching the Fort Lauderdale and Palm Beach County areas as a potential 比特币交易价格行情home for its $8 billion asset management division. Such a move would bring more jobs to the region.
Southwest Airlines, one of the busiest air carriers at Fort Lauderdale Hollywood International Airport, has warned its pilots, flight attendants and ground worker unions that without a new round of "meaningful" cost savings, it will have no choice but to lay off more than 800 workers in Florida, including 276 in Broward County.
The employment recovery in South Florida is taking place in occupations that support remote working, new businesses and, believe it or not, leisure and hospitality, the industry hit hardest by the COVID-19 pandemic.
In South Florida, Palm Beach County had the lowest unemployment rate at 6.1%, down from 6.6% in September, with Broward’s seeing its rate drop to 7.3% from 7.8%; and Miami-Dade’s declining to 8.8% from 12.6%.
Holiday bookings in South Florida are expected to fall significantly this year, and it remains to be seen whether travelers will come in sufficient numbers for hotels and other tourist-related businesses to rehire more laid-off employees.
Stock prices of cruise lines, hotel companies, airlines and theme parks soared Monday after Pfizer's announcement that its coronavirus vaccine is 90% effective. The sharp increases reflected investors' hopes of an economic light at the end of the COVID-19 tunnel.
Although the state and national economies are adding back jobs taken away by the COVID-19 pandemic, economists note that businesses are not recalling anywhere near the number of workers they have furloughed in recent months.
With COVID-19 aid starting to run out, a new crisis is emerging with people struggling to pay their rent and feed their families. They say they desperately need more help from the federal government, but politicians are locked in a stalemate.