CORAL SPRINGS, FL – The unemployment rate in Coral Springs dropped to 8 percent in August – down from 11.8 percent the previous month – as more businesses reopened from the coronavirus shutdown and workers returned to their jobs, according to new data released Friday.

In all, 5760 people were unemployed in Coral Springs out of 71,692 in the labor force in August, which is the latest information from Florida Department of Economic Opportunity.

In comparison, the jobless rate in Broward County dropped to 9.3 percent in August, down from 13.1 percent in July, the data showed. And in Florida, unemployment fell to 7.7 percent in August from 11.6 percent in July.

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Despite continued layoffs and furloughs in many key industries in South Florida, including restaurants, hotels and other service sectors, data shows that the amount of job cuts has dropped as more parts of the economy reopened.  

Last week, Gov. Ron DeSantis continued easing public health restrictions across the state and allowed more businesses to reopen. However, Broward County officials put a temporary hold on lifting the Phase 2 restrictions, fearing a spike in the infection rate.

With a steady decline in unemployment from the peak of the pandemic shutdown, experts are predicting that the job market won’t return to pre-coronavirus levels for at least two or three years.

 

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