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Florida unemployment rate ticks up in November after holding steady since April

Florida unemployment rate ticks up in November after holding steady since April

TALLAHASSEE — The state’s unemployment rate ticked up to 3.4 percent in November after holding steady at 3.3 percent since April, according to a report released Friday by the Florida Department of Commerce.

The new rate reflects an estimated 376,000 Floridians qualifying as out of work in mid-November — 7,000 more than in October — from a labor force of 11.015 million people. The labor force was down by 14,000 people from October and 46,000 from November 2023.

The national unemployment rate last month was 4.2 percent. Florida’s unemployment rate in November 2023 was 3.1 percent

The Miami-Fort Lauderdale-West Palm Beach metropolitan statistical area had the lowest unemployment rate last month at 3 percent. Next lowest were the Panama City and the Crestview-Fort Walton Beach-Destin areas at 3.4 percent.

The Orlando-Kissimmee-Sanford area rate was 3.5 percent; the Jacksonville area was 3.6 percent; the Pensacola-Ferry Pass-Brent area was 3.7 percent; and the Tampa-St. Petersburg-Clearwater was 3.8 percent. The North Port-Sarasota-Bradenton area, which took the brunt of Milton at landfall, was 3.9 percent. read more

Party City closing all stores nationwide, report says

Party City closing all stores nationwide, report says

The party is over for a US retailer that for decades bedazzled birthdays, anniversaries, baby showers and weddings.

Party City Holdco’s chief executive told corporate employees on Friday that the company is shuttering all stores, according to a report by CNN.

The nation’s largest retailer of party supplies has been dogged by lagging sales, putting pressure on the company to pay its rent at some 800 locations.

Exterior view of a Party City store

Exterior view of a Party City store on January 18, 2023 in Miami, Florida. (Photo by Joe Raedle/Getty Images)

People shop in a Party City store

People shop in a Party City store on January 18, 2023 in Miami, Florida. (Photo by Joe Raedle/Getty Images)

Items line the shelves in a Party City store.

Items line the shelves in a Party City store on January 18, 2023 in Miami, Florida. (Photo by Joe Raedle/Getty Images)

Carts sit in a Party City store

Carts sit in a Party City store on January 18, 2023 in Miami, Florida. (Photo by Joe Raedle/Getty Images)

“That is without question the most difficult message that I’ve ever had to deliver,” Barry Litwin said at the meeting, which was held on a video conference call and viewed by CNN. read more

Big Lots conducts going-out-of-business sales after sale of company falls through

Big Lots conducts going-out-of-business sales after sale of company falls through

By ANNE D’INNOCENZIO, Associated Press

NEW YORK (AP) — Discount chain Big Lots is conducting going–out-of-business sales at its remaining locations after a sale of the company didn’t materialize.

The Columbus, Ohio-based retailer, which sells furniture, home decor and other items, filed for Chapter 11 bankruptcy protection in early September and said private equity firm Nexus Capital Management LP had agreed to acquire “substantially all of the company’s assets.” But on Thursday the chain said it didn’t anticipate completing the purchase agreement. It said it continues to work toward completing an alternative transaction with Nexus or another party.

How to avoid financial stress during the holiday season

How to avoid financial stress during the holiday season

By ADRIANA MORGA, Associated Press

NEW YORK (AP) — The holidays are meant to be a time of celebration with family and friends. But they can also bring pressure to spend money on gifts, gatherings and plane tickets home, exacerbated by brand emails, social media influencers and family expectations.

With credit card debt rising and prices for many items still high due to inflation, overspending during the holiday season can add to the financial stress many Americans are already experiencing, said Dr. Marketa Wills, CEO and medical director of the American Psychiatric Association.

“The idea that one is on the hook for buying gifts for all their friends and families adds an enormous amount of stress on someone trying to have a perfect holiday,” Wills said.

But there are ways to get through the holidays without spending more than you can afford. From setting expectations with your family to making a budget to gifting experiences rather than things, here are expert recommendations to avoid financial stress this holiday season: read more

SpaceX aims for 91st Space Coast launch on Friday night

SpaceX aims for 91st Space Coast launch on Friday night

SpaceX keeps lining up the launch pads set to send up what would be the year’s 91st orbital launch from the Space Coast on Friday night.

A Falcon 9 on the Astranis: From One to Many mission carrying four satellites headed to geosynchronous transfer orbit from Cape Canaveral Space Force Station’s Space Launch Complex 40 during a 229-minute launch window that opens at 10:39 p.m. A backup 129-minute window opens at midnight Sunday.

Space Launch Delta 45’s weather squadron forecasts less than 5% chance of bad launch conditions Friday night.

The first-stage booster for the mission is flying for the 17th time and will attempts a recovery landing downrange on the drone ship A Shortfall of Gravitas in the Atlantic.

SpaceX has been responsible for all but five of what would be 91 launches from either Cape Canaveral or Kennedy Space Center this year, already besting by October this year the record of 72 set in 2023.

It would be the 67th launch from Cape Canaveral with the other 24 from KSC. For SpaceX, it would be the 86th overall with 84 being the workhorse Falcon 9 and the other two Falcon Heavy rockets. read more