Thursday, December 14, 2017
Business

Applications for U.S. jobless benefits rose slightly last week

More Americans applied for unemployment benefits last week, but jobless claims remained at levels consistent with a healthy labor market.

THE NUMBERS: The Labor Department said Thursday that claims rose by 1,000 last week to a seasonally adjusted 260,000. Applications have come in below 300,000 for 80 straight weeks, longest streak since 1970. The less volatile four-week average slipped last week by 500 to 260,750.

The number of Americans collecting unemployment checks is 2.14 million, down nearly 5 percent from a year ago.

THE TAKEAWAY: Applications for unemployment benefits are a proxy for measuring layoffs. The low level of claims suggests that most Americans enjoy job security.

KEY DRIVERS: The unemployment rate is at a healthy 4.9 percent. Employers have added more than 200,000 jobs a month over the past year — though hiring slowed to 151,000 in August.

Another Labor Department report last week showed that job openings rose 4 percent in July but hiring only increased 1 percent. The disconnect suggests that employers are struggling to find qualified workers.

The job market has been solid even though the American economy has sputtered since late last year. The economy expanded at an unimpressive 1.1 percent annual pace from April through June after growing just 0.8 percent in the first quarter and 0.9 percent in the fourth quarter of 2015.

Comments
Tampa chamber names first companies for minority business accelerator

Tampa chamber names first companies for minority business accelerator

TAMPA — Four firms in marketing, construction and secure cash logistics will be the first to go to through a new Greater Tampa Chamber of Commerce program designed to help black- and Hispanic-owned companies grow their businesses through two years of...
Updated: 1 hour ago
FCC votes down Obama-era ‘net neutrality’ rules

FCC votes down Obama-era ‘net neutrality’ rules

NEW YORK — The Federal Communications Commission has voted on party lines to undo sweeping Obama-era "net neutrality" rules that guaranteed equal access to internet.The agency’s Democratic commissioners dissented in the 3-2 vote Thursday.The FCC’s ne...
Updated: 1 hour ago
From Crystal River to Brooksville, branch out to shop on these unexpected main streets

From Crystal River to Brooksville, branch out to shop on these unexpected main streets

You don’t have to stare at a greeting card to picture a bustling old main street lined with decorated shops and lampposts. Historic small-town shopping districts are easy to find, and more charming than Walmart. Beyond the downtowns of St. Pet...
Updated: 1 hour ago
American Social booming on Harbour Island

American Social booming on Harbour Island

HARBOUR ISLAND — Downtowners, conventioneers, hockey fans, concert-goers and anyone hungry for waterfront dining are discovering American Social Bar & Kitchen on Harbour Island. Panoramic views, accessible boat slips and walkability to Amalie Arena a...
Updated: 2 hours ago
A healthy dining option opens in Downtown Tampa

A healthy dining option opens in Downtown Tampa

SOUTH TAMPA— Vale Food Co., a health food restaurant, hopes to make its mark on the bay area foodie scene with the opening of its first location in Tampa.In 2014, Sunny Ilyas was a Florida State student trying to find an affordable, healthy meal for ...
Updated: 2 hours ago
Soccer store opens in Westchase on the brink of World Cup

Soccer store opens in Westchase on the brink of World Cup

Even though the United States Men’s soccer team didn’t qualify for the 2018 FIFA World Cup, that hasn’t diminished local fans’ excitement about the upcoming international event.Ariel Martinez, owner of Best Buy Soccer and Lacrosse, has already receiv...
Updated: 2 hours ago

Tampa Bay is above average in minority homeownership

Tampa Bay ranks 22nd among the nation’s 45 largest metro areas in the percentage of minority homeowners. According to Abodo, an online apartment marketplace, 46.2 percent of minorities in the bay area own their homes, which have an average value of $...
Updated: 2 hours ago
Seafood variety comes to Westchase

Seafood variety comes to Westchase

WESTCHASE — Tony Bartolo is well aware of what Westchase locals say about the location of his new restaurant, The Seafood Exchange. The spot in Westchase Town Center is notorious for a continual string of unsuccessful restaurants that have opened and...
Updated: 3 hours ago
Boom in Tampa Bay single-family home rentals means fewer houses for sale

Boom in Tampa Bay single-family home rentals means fewer houses for sale

imes Staff WriterA boom in rentals of single- family homes is contributing to the severe shortage of houses for sale nationwide. In the Tampa Bay area, 18.2 percent of all houses are being rented out instead of being put on the market, Zillow found. ...
Updated: 3 hours ago
Be ready for busy roads and airports: 5.6 million Floridians to travel for the holidays

Be ready for busy roads and airports: 5.6 million Floridians to travel for the holidays

A record-breaking number of Americans are expected to travel during the holiday season next week, according to a AAA report released Thursday.The travel company projects 107.3 million Americans will pack their bags and leave their homes between Dec. ...
Updated: 5 hours ago