Tuesday, May 22, 2018
Business

Fewer auto closings reduce U.S. unemployment claims

WASHINGTON — The number of people seeking U.S. unemployment benefits plunged last week. But a big reason was that some automakers skipped their traditional summer shutdowns to keep up with demand, leading to fewer temporary layoffs of autoworkers.

Sales of new cars and trucks surged in June, extending the auto industry's rebound. Automakers also began their Independence Day promotions early, lifting sales at the end of the month.

Weekly applications for unemployment aid dropped 26,000 to a seasonally adjusted 350,000, the Labor Department said Thursday. That's the lowest level since March 2008. The four-week average, a less volatile measure, fell to 376,500.

Economists expect most of the decline to be reversed in the coming weeks.

"Take July with a grain of salt," said Jill Brown, an economist at Credit Suisse, in a note to clients. The auto shutdowns "often cause extreme volatility."

Automakers traditionally close their plants for the first two weeks in July to prepare them to build new models and their employees file for unemployment benefits. But Ford Motor Co. said in May that it would reduce its usual two-week closing to only one week. And Chrysler said May 3 that it would skip the shutdown entirely.

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Proud mom orders ‘Summa Cum Laude’ cake online. Publix censors it to ‘Summa . Laude.’

Proud mom orders ‘Summa Cum Laude’ cake online. Publix censors it to ‘Summa . Laude.’

Saturday was Jacob Kosinski’s big day. His whole family, many from out of town, saw the Charleston, South Carolina, student graduate from his Christian-based homeschool program with a 4.89 grade point average and the coveted honor of summa cum laude....
Updated: 1 hour ago
Company with Tampa ownership to get new product — candy-like coffee thins — into Dunkin’ Donuts

Company with Tampa ownership to get new product — candy-like coffee thins — into Dunkin’ Donuts

TAMPA — Tampa-based private equity firm ProspEquity Partners paid $18.2 million less than three weeks ago for a two-thirds stake in Tierra Nueva, a Miami company with a new idea for coffee, and already it has some big news.Tierra Nueva’s "coffee thin...
Updated: 12 hours ago
Shoppers begin Publix boycott as chain continues supporting Adam Putnam for governor

Shoppers begin Publix boycott as chain continues supporting Adam Putnam for governor

Publix has been Florida’s favorite grocery chain for decades — but some shoppers are turning their backs on the store after learning it donated more than half a million dollars to gubernatorial candidate Adam Putnam. A handful of state advocacy group...
Updated: 10 minutes ago
FPL parent wants to expand its Florida footprint with new purchase

FPL parent wants to expand its Florida footprint with new purchase

TALLAHASSEE — The parent company of Florida utility giant Florida Power & Light announced Monday that it will buy the largest electricity producer in Northwest Florida, Gulf Power, in a $6.4 billion deal.Juno Beach-based NextEra Energy Inc. said in a...
Updated: 2 hours ago
One of Ybor City’s most historic blocks about to see construction of four-story boutique hotel

One of Ybor City’s most historic blocks about to see construction of four-story boutique hotel

TAMPA — Developers are poised to launch construction this week on one of Ybor City’s biggest new projects in years — a four-story, $50 million boutique hotel being created by a Chicago company that seeks out neighborhoods rich in color and character....
Updated: 2 hours ago
GasBuddy predicts plunge in summer travel, blames gas prices

GasBuddy predicts plunge in summer travel, blames gas prices

At least one gas price tracker expects rising fuel prices to sharply curtail summer travel. "For all those that have said summer travel will be unaffected by high gas prices, we offer thousands of respondents who have strongly indicated that’s not tr...
Published: 05/21/18
Barack and Michelle Obama are becoming television and film producers for Netflix

Barack and Michelle Obama are becoming television and film producers for Netflix

Netflix announced a production deal Monday with Barack and Michelle Obama that will see the former first couple create a wide range of content for the streaming service.The deal, talks for which had first been reported in March, will encompass a wide...
Published: 05/21/18
Starbucks: You don’t have to buy coffee to sit in our cafes or use our restrooms

Starbucks: You don’t have to buy coffee to sit in our cafes or use our restrooms

Starbucks is now allowing people to use its restrooms and sit in its cafes and patios even if they do not buy anything.The coffee giant on Saturday announced its new policy, which says that customers, including those who did not make a purchase, can ...
Published: 05/21/18

Hernando Business Digest for May 25

Business digestBrieflyHOSPITAL UPGRADES SURGICAL SYSTEM: Oak Hill Hospital recently acquired the latest da Vinci Xi Surgical System, which has broader capabilities than prior generations of the system. The new system is designed with the goal of furt...
Published: 05/21/18
Camping without the hassle: New service rents you all the gear you need, plus the car

Camping without the hassle: New service rents you all the gear you need, plus the car

One day in April, I returned from a camping trip - a quick 24 out of the city - and ran a load of laundry. What’s more telling is what I didn’t do.I didn’t hose down a muddy tent, I didn’t soak a shoddily cleaned pot, and I categorically did not empt...
Published: 05/19/18