Florida jobless rate at 7.6 percent as struggles continue

Florida’s unemployment rate ticked up in September as the state’s hospitality and tourism industries continue to face long-term struggles amid the coronavirus pandemic.

Layoffs remain elevated as 898,000 seek unemployment aid

The government will issue its latest snapshot Thursday of the level of layoffs in the United States, which remain elevated seven months after the viral pandemic erupted and after the expiration of federal unemployment aid for millions of Americans.

First-time unemployment claims jump in Florida

The state of Florida had over 40,000 new unemployment claims during the week ending on October 3, which is up from 32,373 the week before, according to the U.S. Department of Labor.

Layoffs continue as 840,000 seek unemployment aid

The government will provide its latest picture Thursday of the pace of layoffs in the United States, which have remained high since the viral pandemic erupted in March while federal aid for the jobless has lapsed.

Fed chair warns lack of further COVID-19 stimulus imperils economic recovery

Federal Reserve Chair Jerome Powell warned that a recovery from the COVID-19 pandemic recession could falter unless the federal government supplies additional stimulus relief.

Trump halts COVID-19 stimulus talks until after election

President Donald Trump says he has instructed aides to stop negotiating on another round of COVID-19 relief until after the election.

Hiring slows for 3rd month; US unemployment rate falls to 7.9%

America’s employers added 661,000 jobs in September, the third straight month of slower hiring and evidence from the final jobs report before the presidential election that the economic recovery has weakened.

Stock futures plunge after Trump confirms he has coronavirus

U.S. equity futures plunged by more than 1.6%, or 500 Dow points after President Trump confirmed through a tweet that he and the first lady tested positive for coronavirus.

Layoffs remain high as 837,000 seek unemployment aid

The number of Americans seeking unemployment benefits declined last week to a still-high 837,000, evidence that the economy is struggling to sustain a tentative recovery that began this summer.

American will furlough 19,000 as clock runs out on airlines

American Airlines will begin furloughing 19,000 employees on Thursday after lawmakers and the White House failed to agree on a broad pandemic-relief package that includes more federal aid for airlines.

Builders blame pandemic as lumber supplies drop and prices spike

The pandemic shutdown resulted in short supplies and high prices from lumber mills, and it’s affecting the construction industry from wood needed for framing to indoor trims.

GOP chairman, incoming speaker fight minimum wage hike

Two state Republican leaders added their voices Monday in opposition to a proposed constitutional amendment that would gradually boost the minimum wage to $15 an hour in Florida.

Florida ends restaurant capacity cap, moves to partial Phase 3 reopening

Just in time for the weekend, restaurants can operate at full capacity -- regardless of local government rules -- as Florida moves into a partial Phase 3 reopening.

Amazon Prime Day has a date

Amazon Prime Day pulled in over $7B in 2019

Bank shares tumble on reports of rampant money laundering

The financial sector was hit hard Monday following a report alleging that a number of banks have continued to profit from illicit dealings with disreputable people and criminal networks.

Dow plunges 900 points as election, coronavirus lockdown worries mount

U.S. equity markets were sharply lower Monday as investors weighed the possibility of more coronavirus shutdowns in Europe and uncertainty surrounding the U.S. election.