ECONOMIC TIME MACHINE

Jobless claims hold steady in South Florida

 

The healing trend continued in South Florida when it comes to the newly unemployed. Claims down to their lowest levels since 2008.

dhanks@MiamiHerald.com

Jobless claims continue to tell a relatively encouraging story for South Florida, as the number of new applications fell to a four-year low last month.

In July, the newly jobless filed 7,122 first-time claims for unemployment benefits in Broward. That was down 20 percent from the prior year, and brought the 12-month average down to a level last seen in September 2008.

Miami-Dade saw a similar trend, with the 10,190 claims filed in July dropping 14 percent from where they were in July 2011. That brought Miami-Dade’s 12-month average back to a level last seen in August 2008.

Unemployment claims loosely measure the number of people losing their jobs, but not the rate of employers adding them. That number will be released Friday, when Florida issues July employment reports for all counties in the state.

The Miami Herald’s Economic Time Machine tracks 60 local indicators in an effort to chart South Florida’s recovery from the Great Recession. By comparing current conditions to where they were before the downturn, the ETM attempts to measure how far back the recession set the economy. The answer so far: June 2003. Visit ETM headquarters at miamiherald.com/economic-time-machine for the latest updates.

Read more The Economic Time Machine stories from the Miami Herald

Miami Herald

Join the
Discussion

The Miami Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

The Miami Herald uses Facebook's commenting system. You need to log in with a Facebook account in order to comment. If you have questions about commenting with your Facebook account, click here.

Have a news tip? You can send it anonymously. Click here to send us your tip - or - consider joining the Public Insight Network and become a source for The Miami Herald and el Nuevo Herald.

Hide Comments

This affects comments on all stories.

Cancel OK

  • Marketplace

Today's Circulars

  • Quick Job Search

Enter Keyword(s) Enter City Select a State Select a Category