Uncertainty looms for job market amid pandemic

Mark Hamrick of Bankrate.com says the long-range forecast now points to a long recovery for the job market.

MEANWHILE - ONE POINT FOURMILLION PEOPLE FILED FORUNEMPLOYMENT BENEFITS FOR THEFIRST TIME LAST WEEK.

IT'S THEFIRST TIME THAT NUMBER HASGONE UP SINCE MARCH.

THENUMBER OF JOBLESS CLAIMS AREALSO HIGH FOR FLORIDA - WPTVNEWSCHANNEL FIVE'S MATTSCZESNY TOOK A CLOSER LOOK AWHAT'S BEHIND THE INCREASE.347“WEON RENT“ JODI AUTEN IS AMONGTHE UNEMPLOYED IN FLORIDAÃAGROUP THAT JUST ADDED ANOTHER105 THOUSAND PEOPLE LAST WEEKÃACCORDING TO THE LATESTNUMBERS.

0058“THIS IS STILL ADIRE SITUATION FOR THE NATIONAND STILL FOR THE STATE OFFLORIDA” MARK HAMRICK IS ASENIOR ECONOMIST WITHBANKRATE.

COMÃA COMPANY WITHROOTS IN PALM BEACH COUNTY.410“THE LATEST NUMBERSREPORTED TO THE FEDERALGOVERNMENT BY STATE OF FLORIDADO SHOW A DECLINE BUT THEYSTILL HIGHLY ELEVATED ABOVEONE HUNDRED THOUSAND THELATEST WEEK AND THATNEW CLAIMS IN FLORIDA THAN THESTATE OF NEW YOR” THE JOBLOSS ALSO COMES AT A TIME WHENUNEMPLOYMENT BENFITS ARESTARTING TO RUN OUTÃA FACTORHAMRICK SAYS COULD NOW TRIGGERMORE PRESSURE ON BUSINESSESAND JOBS.

647“THIS ADDS NOTONLY ANOTHER LAYER OFUNCERTAINTY FOR BOTH CONSUMERSAND BUSINESSES WHICH IS THELAST THING WE NEED BUT IT ALSOMEANS PEOPLE ON UNEMPLOYMENTDONTHEYWEEKS AND THAT ADDS INSULT TOINJURY” CONGRESS IS STILLWORKING ON A NEW STIMULUSPAKAGE - ECONOMIST MARKHAMRICK SAYS THE MAIN ISSUEAFFECTING JOBS IN NEAR FUTUREIS STILL CONSUMER FEARS OVERTHE VIRUS WHICH HE SAYS WON'TGO AWAY UNTIL THERE'S AVACCINE.

IN WPB, MS, WPTV NC 5IF YOU HAVE A POLICY WITHCITIZENS PROPERTY INSU