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Florida unemployment rate 3.7% in April, third increase so far this year

Florida unemployment rate 3.7% in April, third increase so far this year

TALLAHASSEE — Florida’s unemployment rate increased to 3.7% in April, the third time it has ticked up this year.

The Florida Department of Commerce on Friday released a report showing an estimated 410,000 people were out of work in April from a labor force of 11.203 million. The 3.7% rate was up from 3.6% in February and March.

The rate was 3.5% in January, an increase from 3.4% in December. It was 3.3 percent in April 2024.

The number of people qualified as unemployed increased by 7,000 in April and was 46,000 higher than in April 2024, the report showed. Meanwhile, the labor force increased by 5,000 people in April and was up by 57,000 from April 2024.

Across the state, the lowest unemployment rate in April remained in the Miami-Fort Lauderdale-West Palm Beach metropolitan statistical area at 3 percent, down from 3.1 percent in March. Within that region, the rate in the Miami-Miami-Beach-Kendall area was at 2.7 percent.

The April rate was 3.3% in the Crestview-Fort-Walton Beach-Destin and Orlando-Kissimmee-Sanford (down from 3.4% in March) metropolitan statistical areas, while it was 3.5% in the Jacksonville, Naples-Marco Island, Panama City-Panama City Beach, Tallahassee and Tampa-St. Petersburg-Clearwater regions. read more

Egg prices finally dropped, but the cost of beef hit a record high last month. Here’s how everyday prices are changing under Trump.

Egg prices finally dropped, but the cost of beef hit a record high last month. Here’s how everyday prices are changing under Trump.

It’s been more than 100 days since President Donald Trump took office. He vowed during the campaign to bring down food prices on day one, and while egg prices are finally falling, the cost of other consumer goods remains high.

Now $6 per pound, the average price of ground beef hit a record high for the third consecutive month, jumping 15 cents since March. The cost of electricity also remained at its peak in April, according to the latest data from the consumer price index.

Some good news? Egg prices are dropping from all-time highs. The average cost of eggs settled at $5.12 in April, declining roughly 18% from March.

Still, the cost of many goods and services has stayed much the same with the change of administrations. The price of milk, bread and chicken has moved very little since December.

Though many of these prices are not directly linked to the White House, they may soon be, with a burgeoning global trade war sure to affect average prices from the grocery store to the pump.

The Tribune is tracking 11 everyday costs for Americans — eggs, milk, bread, bananas, oranges, tomatoes, chicken, ground beef, gasoline, electricity and natural gas — and how they are changing (or not) under the second Trump administration. This tracker is updated monthly using CPI data from the U.S. Bureau of Labor Statistics. read more

US cable giants Charter and Cox, under assault by streaming services, pursue $34.5 billion merger

US cable giants Charter and Cox, under assault by streaming services, pursue $34.5 billion merger

By MICHELLE CHAPMAN

Charter Communications has offered to acquire Cox Communications, a $34.5 billion merger that would combine two of the top three cable companies in the U.S.

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Cox is the third largest cable television company in the country, with more than 6.5 million digital cable, internet, telephone, and home security customers. It has a strong foothold in states spanning from California to Virginia. Charter Communications, known more widely as Spectrum, has more than 32 million customers in 41 states.

The cable industry has been under assault for years from streaming services like Disney, Netflix, Amazon and HBO Max, as well as internet plans offered by mobile phone companies. Comcast, which is of nearly equal size to Charter, spun off many of its cable television networks in November as as consumers increasingly swap out their cable TV subscriptions for streaming platforms. read more

US consumer sentiment slides to 3-year lows as trade war raises inflation anxiety

US consumer sentiment slides to 3-year lows as trade war raises inflation anxiety

By CHRISTOPHER RUGABER

WASHINGTON (AP) — U.S. consumer sentiment fell slightly in May for the fifth straight month, surprising economists, as Americans increasingly worry that President Donald Trump’s trade war will worsen inflation.

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The preliminary reading of the University of Michigan’s closely watched consumer sentiment index, released Friday, declined 2.7% on a monthly basis to 50.8, the second-lowest level in the nearly 75-year history of the survey. The only lower reading was in June 2022. Since January, sentiment has tumbled nearly 30%. read more

Fortnite says its now offline on Apple’s iOS around the world

Fortnite says its now offline on Apple’s iOS around the world

By WYATTE GRANTHAM-PHILIPS and MICHAEL LIEDTKE, Associated Press

NEW YORK (AP) — Fortnite says it’s now unavailable on Apple’s iOS globally because the tech giant blocked a bid to rerelease the popular video game for iPhone users in the U.S. and Europe.

“Apple has blocked our Fortnite submission so we cannot release to the U.S. App Store or to the Epic Games Store for iOS in the European Union,” Epic Games-owned Fortnite wrote on X, the platform formerly known as Twitter, early Friday — claiming that Apple’s move would now prevent the game’s iOS availability around the world.

“Sadly, Fortnite on iOS will be offline worldwide until Apple unblocks it,” Fortnite said.

In a statement sent to The Associated Press, Apple said it had specifically asked Epic Sweden to resubmit the app update “without including the U.S. storefront of the App Store so as not to impact Fortnite in other geographies.” But, the company added, it “did not take any action to remove the live version of Fortnite from alternative distribution marketplaces.” read more