The number of businesses going under in South Florida is growing at an alarming rate, cutting the chances for laid-off workers to find other jobs during the COVID-19 pandemic.
According to Yelp, the national online business listing firm, nearly 3,000 businesses closed in the tri-county area between March 15 and July 1.
Owners are losing their investments. Employees are losing jobs. And lower income workers — among the most vulnerable to layoffs because they work in hard-hit service industries — are under severe financial pressure as they struggle to find new employment, according to ParentsTogether, a Washington, D.C.-based advocacy group for parents across the country.
In a survey conducted among its Florida members from July 16 to July 19, ParentsTogether found that “a vast majority of families,” including 73% in Miami-Dade, Broward and Palm Beach counties, consider themselves to be struggling economically as a direct result of the COVID-19 crisis,