Connect with us

Hi, what are you looking for?

Breaking News

Florida to end $300-a-week pandemic unemployment benefits

On June 26th, Florida will stop paying jobless residents a $300-a-week federal boost to unemployment benefits.

YES Market Media / Shutterstock.com

On June 26th, Florida will stop paying jobless residents a $300-a-week federal boost to unemployment benefits, the Department of Economic Opportunity said Monday. The Florida Department of Economic Opportunity will effectively end its participation in the Federal Pandemic Unemployment Compensation program. All of this is part of the DEO’s ‘Return to Work’ initiative.

The announcement accompanies a number of Republican-led states that are terminating the special pandemic supplement early. There have been 23 states exiting the program in all. Most states have cited increased labor shortages as the reason.

Despite Florida leaving the Federal Pandemic Unemployment Compensation program, the state will not end its other two federal unemployment programs that provide resources to independent contractors, freelancers, self-employed, and others affected by the coronavirus pandemic or those who’ve run out of their regular state benefits. The DEO will carefully monitor job postings and industry hiring trends during this period.

Dane Eagle, secretary of the state’s Department of Economic Opportunity talked to how the decision came to be, “Transitioning away from this benefit will help meet the demands of small and large businesses who are ready to hire and expand their workforce.”

“Florida’s employers are also seeing employment growth, as more Floridians, including some who completely left the workforce, are now eagerly reentering the workforce. Transitioning away from this benefit will help meet the demands of small and large businesses who are ready to hire and expand their workforce,” Dane Eagle continued in his statement about Gov. DeSantis.

The pandemic programs are expected to end in early September in all other states continuing the program. This was a provision Democrats’ had in the $1.9 trillion relief package signed into law in March.

Democratic lawmakers argue that pulling out the program early will have deeply negative effects on many Americans still having trouble finding suitable jobs or can’t work because of childcare or health-related issues. Legally, there is nothing the agency can do.

A study released last week by economists at the Federal Reserve Bank of San Francisco found that the $600 boost would have only deterred “a small share” of job seekers from accepting job offers. “Moreover, a simple extrapolation of those empirical results to early 2021 suggests that the $300 weekly UI supplement currently in place has been making a small but likely noticeable contribution to job-finding rates and employers’ perceptions of worker availability,” the researchers wrote.

Florida has gained nearly 800,000 private-sector jobs since the beginning of the pandemic and there are an additional 450,000 online job postings through the state.

April’s labor statistics show that private-sector employment increased by 18,800 jobs.

 

Written By

Click to comment

Leave a Reply

Your email address will not be published.

ADVERTISEMENT
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement

You May Also Like

Political News

Florida Gov. Ron DeSantis is eager to have the state legislature take action on property taxes. Even if it means calling a special session...

Political News

Florida Gov. Ron DeSantis is set to propose the construction of the Donald J. Trump Presidential Library in Miami, the governor’s office announced on...

Political News

Well over a thousand people gathered in Bunnell on Wednesday to attend a candlelight vigil for the late conservative activist Charlie Kirk. The event...

2026 Election

Gov. Ron DeSantis is not supporting former Florida House Speaker Paul Renner’s bid in the 2026 gubernatorial election. Despite Renner highlighting his support for...

Business

Florida Gov. Ron DeSantis has floated the idea of legislation regulating artificial intelligence (AI) in Florida. The governor made public comments about AI on...