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Stores Going out of Business/Expect More
#232112
08/13/2020 05:49 AM
08/13/2020 05:49 AM
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Joined: Mar 2001
Posts: 17,476 Ohio
ruralcarrier
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DAILY HERALD ARTICLEI would seriously question the 16% stated unemployment rate. I would guess it to be perhaps 3 times that if not more.
J.D.
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Re: Stores Going out of Business/Expect More
[Re: ruralcarrier]
#232128
08/13/2020 09:03 AM
08/13/2020 09:03 AM
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Joined: Aug 2000
Posts: 82,481 Central Florida!
Carol_Hill
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Posts: 82,481
Central Florida!
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She admitted that the unemployment rate is probably much higher, but I wonder why their methods of keeping track are that bad? A lot of the stores on Front Street were just scraping by after Irma.
Carol Hill
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Re: Stores Going out of Business/Expect More
[Re: Carol_Hill]
#232134
08/13/2020 09:44 AM
08/13/2020 09:44 AM
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Joined: Mar 2001
Posts: 17,476 Ohio
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She admitted that the unemployment rate is probably much higher, but I wonder why their methods of keeping track are that bad? A lot of the stores on Front Street were just scraping by after Irma. Correct, I saw that but I would guess 16% is WAY low. Could it be that unless one works for the government, employment is not that closely tracked? No idea but 16% can not even be close at all. I saw where some of the businesses got some help for payroll but that is not at all the same as a thriving or even mediocre business.
J.D.
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Re: Stores Going out of Business/Expect More
[Re: ruralcarrier]
#232135
08/13/2020 09:47 AM
08/13/2020 09:47 AM
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Joined: Aug 2000
Posts: 82,481 Central Florida!
Carol_Hill
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Posts: 82,481
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Yeah, I'm sure the number is way low. Is there even unemployment pay in SXM? I don't know.
Carol Hill
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Re: Stores Going out of Business/Expect More
[Re: Carol_Hill]
#232137
08/13/2020 09:52 AM
08/13/2020 09:52 AM
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Joined: Mar 2001
Posts: 17,476 Ohio
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No idea and it may depend on if one works for a local company, is self-employed, etc. There was an article or link a short time ago and it showed some local businesses getting some help for payroll. Now, who knows if they actually got the $$ and if it went to employees. I did see a couple of business names I recognized.
J.D.
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Re: Stores Going out of Business/Expect More
[Re: sxmmartini]
#232154
08/13/2020 11:37 AM
08/13/2020 11:37 AM
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Joined: Mar 2001
Posts: 17,476 Ohio
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A possibility but that does nothing to help the employees in SXM. I doubt a store in St. Thomas could double their sales to make up for the loss in SXM.
The other link you provided is appreciated but I saw a different link (I think in the Daily Herald) that actually gave a breakdown of the named businesses who received some payroll help.
Thanks.
J.D.
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