New Jobless Claims Drop In Florida
• First time jobless claims dropped by nearly 25 percent last week in 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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• The length of the average car loan isn’t just creeping up, it’s leaping up. Nearly 40 percent of people secure car loans that take more than five years to pay off. The trend has some analysts alarmed.
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• Five years after the worst recession in a generation retail is boosting Central Florida’s economy. Economist Hank Fishkind tells 90.7’s Amy Green robust tourism is driving retail in the region. Fishkind began the conversation by explaining retail in Central Florida is thriving at a time when the sector nationwide is weak.
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