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The national unemployment rate is slowly improving and the United States continues to benefit from overall economic growth. The job sector has been improving and as a result, the number of Americans that need to apply for first time unemployment benefits recently fell lower. The average unemployment rate is hovering around 8.8 percent nationally, but is significantly higher in the state of Florida. According to state data that posted recently, the unemployment rate in Florida notched lower to 11.1 percent from 11.5 percent. This reading marked three consecutive months that the unemployment rate in Florida fell lower. This year so far has been better for Florida’s unemployment situation when compared to 2010. The unemployment rate last year for the state hit 12 percent. Good news for the state overall, but certain areas in Florida are still struggling with higher unemployment averages. The Florida State Senate has now taken action to move towards initiating business tax cuts that will shrink the unemployment benefits that out of work state residents can receive. The proposal is bill HB 7005. It will now move back to the House and legislators will determine if they should help this bill become law, and ultimately limit unemployment benefits for the out of work state residents. The amount of weeks that benefits would be extended would be cut to no more than 20 weeks. Author: Stephen Johnson
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