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U.S. employers added 467,000 jobs last month despite a surge of coronavirus infections. The unemployment rose to 4% from 3.9% in December.
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"The Great Resignation" looks mostly like workers negotiating for a better deal.
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South Florida college students will graduate into a volatile workforce — remote work, inflation, supply chain disruptions — and lots of resignations. It's also a good time to find jobs.
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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.
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Hiring slowed sharply last month, even as the unemployment rate fell to 4.2%. Data from the Labor Department suggest the economy was losing steam even before the appearance of a new COVID-19 variant.
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Forecasters think job growth accelerated last month after a slowdown in August and September, but millions of would-be workers are still on the sidelines, leaving the pace of the recovery in doubt.
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In September, Florida's unemployment rate dropped .1%, making it 4.9% versus 5% in August. Florida's ranking as the 29th lowest state for unemployment by the U.S. Bureau of Labor Statistics remains the same.
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Thousands of people have dropped out of the job market even as the economy continues rebounding. From hotels to health care, companies are looking to hire.
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The state Department of Economic Opportunity on Friday estimated the state’s seasonally adjusted jobless rate was down from 5.0 percent in August. The rate was down 2.3 percentage points from September 2020, when the state was completing its reopening after COVID-19 pandemic closings that began in March 2020.
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The Labor Department says the U.S. added just 194,000 jobs last month, even lower than the lackluster showing in August. The unemployment rate fell to 4.8%.
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The U.S. Department of Labor on Thursday estimated 6,509 first-time unemployment claims were filed in Florida during the week that ended Oct. 2, down from a revised count of 7,713 for the week ending Sept. 25.
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Workplaces with vaccine mandates are seeing vaccination rates of 90% or higher. A complex mix of factors, including job security, is driving most workers to get the shots.