• The City has received more than 1.3 million dollars in similar block grant funds through the first round of the CARES Act.
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• Economists Hank Fishkind and Sean Snaith discuss President Biden’s American Rescue Plan and its potential impact on Central Florida.
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• First time jobless claims dropped by nearly 25 percent last week in Florida.
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• As Congress debates whether to renew supplemental unemployment benefits for people thrown out of work by the pandemic, new research shows those benefits offer a critical boost for the U.S. economy.
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• The Dow Jones Industrial Average surges after reports that retail sales rebounded strongly in May and that the Trump administration is preparing an infrastructure plan to boost the economy.
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• The Labor Department says about 1.9 million people filed for unemployment last week, but there are some signs that people may be returning to their jobs.
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• Details around coronavirus are rapidly evolving. 90.7 economic analyst Hank Fishkind says the economy was already in recession when the pandemic hit.
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