• U.S. employers added 528,000 jobs in July, showing the labor market remains strong, despite high inflation and softening economic growth. The unemployment rate fell to 3.5%.
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• Florida now has two employment challenges. There are still large numbers of people out of work, but there are also many places looking for workers. The state’s network of Career Source Centers is trying to solve both problems.
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• 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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