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Latest WalletHub report shows Florida had the third biggest increase in unemployment claims, behind Kansas and New Mexico

While the Florida Department of Economic Opportunity is distributing extra payments of Federal Pandemic Unemployment Compensation thanks to the extension of the CARES Act, Florida has seen the third biggest increase in unemployment claims, according to WalletHub.

The personal finance website compared the 50 states and the District of Columbia across three metrics: Change in Unemployment Claims compared to the same week in 2019; Change in Unemployment Claims compared to the start of 2020; and Change in Unemployment Claims from the start of COVID-19 compared to the previous year.

Florida came third behind Kansas and New Mexico. The Sun-Sentinel also reports that California, New York and Texas also saw sharp increases in unemployment claims, according to the Department of Labor.

“The $900 billion in new COVID-19 relief should help reduce the number of future unemployment claims and provide a few months of stability to people who are already unemployed. The new package contains $284 billion in Paycheck Protection Program loans, which are designed to help business avoid laying off employees and saved over 51 million jobs the first time around,” said Jill Gonzalez, WalletHub analyst. “Unemployed people will benefit from up to $300 per week in extra benefits through March, as well as rental assistance, SNAP assistance and stimulus checks. These will help ensure that people have temporary food security and housing security.”

The Sun-Sentinel also reports that new unemployment claims in Florida arrived at 75,444 the week that ended Jan. 9, much higher than the 25,000 weekly during December and the first week of January.

View the deails of WalletHub’s findings here.

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.