Florida’s financial woes could persist as jobless claims rise

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TALLAHASSEE – A top Florida economist told lawmakers on Thursday financial problems could linger for a few years due to the resurgence of the coronavirus pandemic, as early unemployment claims tripled in the first full week from 2021.

Amy Baker, coordinator of the Legislative Assembly’s Office of Economic and Demographic Research, said that while many business sectors experienced “very dramatic twists” after the initial hit of the pandemic last spring, uncertainty remains as to the recovery of the state’s vital tourism industry and the future of commerce. real estate space.

“We have seen a marked improvement in our sales tax collections over the summer, at least when you think about it year after year,” Baker told members of the Senate Appropriations Committee. “But as we move into fall, as we look at the numbers for December and some of the numbers from the very beginning of January, we know that the resurgence of the coronavirus is causing people to start backing off a bit.”

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