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Florida had an estimated 5,393 first-time jobless claims last week, up from a revised count of 3,698 during the week that ended May 28, according to a U.S. Department of Labor report issued Thursday.
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U.S. employers added 390,000 jobs in May as the labor market stays hot. The unemployment rate held steady at 3.6%.
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The state Department of Economic Opportunity released a report Friday that showed the April unemployment rate was down from 3.2 percent in March.
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Florida continues to see unemployment claims roll in at a pre-pandemic pace as new data showed aspects of inflation possibly slowing. But that trend has not been reflected at gas pumps.
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Unemployment claims in Florida continue to roll in at a pre-pandemic pace and tax collections are up, but Gov. Ron DeSantis is maintaining a drumbeat that federal economic policies might “plunge” the nation into a recession.
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Workers are shifting away from gigs at hotels, restaurants and entertainment venues for higher-paying jobs in manufacturing, warehousing and logistics.
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Florida’s first-time unemployment claims last week were slightly higher than during the previous three weeks, but the pace of claims continues to be similar to levels seen before COVID-19 hammered the economy in early 2020.
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U.S. employers added 678,000 jobs in February as the unemployment rate fell to 3.8%, from 4% in January. The Federal Reserve hopes to curb inflation without stalling job growth.
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The U.S. economy grew last year at the fastest pace since 1984, but growth was tempered by successive waves of the pandemic.
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First-time unemployment claims in Florida rolled in last month at a pace similar to the period before the coronavirus pandemic pounded the economy. The U.S. Department of Labor estimated 3,982 unemployment claims were filed in Florida during the holiday-shortened week that ended Dec. 25.
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Unemployed Floridians will receive 12 weeks of benefits, down from the pandemic-boosted 19, starting Jan. 1.
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Unemployment continues to slowly improve in Florida as the state gets closer to regaining the number of jobs lost when the COVID-19 pandemic caused business closures and layoffs last year.