CORAL SPRINGS, FL – Coral Springs’ unemployment rate edged up to 15.4 percent in May – up slightly from 14.7 percent in April -- indicating a potential leveling-off of pink slips from the coronavirus pandemic, new data shows.
In all, 10,846 people were unemployed in Coral Springs out of 70,350 in the labor force in May, which is the latest information from Florida Department of Economic Opportunity.
In comparison, Broward County’s unemployment rate jumped to 16 percent in May from 14.9 percent in April.
And across Florida, roughly 1.4 million people were jobless last month -- many from service sectors that have depended on in-person interaction or mom-and-pop businesses that have had a hard time getting through economic pains of the coronavirus.
The hardest-hit sectors -- leisure and hospitality -- continued to take the brunt of layoffs over the past month.
Experts don’t expect pre-pandemic staffing levels until 2022, and economic recovery will have a lot to do with any future spikes in COVID-19 cases.
Locally, city officials have worked to prevent the economy from crashing further.
Coral Springs’ “Connecting Businesses with Small Grants and Loans” program helped businesses figure out how to apply for grants and loans as well as identify other funding sources.
City officials also started a weekly food assistance program through Feeding South Florida and distributed groceries to hundreds in the area. They also worked with the Coral Springs Community Chest to raise money and distribute funds to residents for utility and other bills.
“We are proud of what we have accomplished and will continue to develop solutions to better assist our community during these economically challenging times,” Lynne Martzall, the city’s director of communications and marketing, said in a statement.
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