Florida Becomes 23rd State to End $300 Unemployment Benefit Boost to Ease Business Hiring Woes

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The Epoch Times

Florida officials announced an end to the $300 weekly federal pandemic unemployment compensation supplement on May 24, making the Sunshine State the 23rd state to opt out of the jobless boost in a bid to encourage people to get back to work amid a labor shortage and a booming economy.

The Florida Department of Economic Opportunity (DEO), the stateโ€™s employment agency, made the announcement in a release, with people no longer eligible to receive the $300 weekly supplemental Federal Pandemic Unemployment Compensation payment starting June 27.

While Florida is ending the $300 supplement, it is maintaining its participation in other federal unemployment programsโ€”such as the Pandemic Unemployment Assistance, Pandemic Emergency Unemployment Compensation, and Mixed Earners Unemployment Compensationโ€”which expire in September. An early end may be in store for Floridaโ€™s participation in these programs, too, the employment agency suggested, as officials โ€œcarefullyโ€ monitor job posting and industry hiring trends.

The decision to withdraw from the jobless boost was in part prompted by April labor market data, which showed that total private-sector employment in Florida increased by 18,800 jobs, with nearly half a million job postings available in the state for job seekers.

โ€œFloridaโ€™s economy has bounced back tremendously with over 460,000 jobs available throughout our state and the strongest economic conditions in the nation,โ€ Dane Eagle, DEO secretary, said in a statement. โ€œFloridaโ€™s employers are also seeing employment growth, as more Floridians, including some who completely left the workforce, are now eagerly reentering the workforce.

โ€œTransitioning away from this benefit will help meet the demands of small and large businesses who are ready to hire and expand their workforce.โ€

Florida business leaders have been sounding the alarm on hiring difficulties.

BYย TOM OZIMEK

Read Full Article on TheEpochTimes.com

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