May 8, 2021

Wednesday's Afternoon Update

What you need to know about Florida today

| 4/21/2021

Florida's labor force has decreased since the pandemic

Florida’s unemployment rate is dropping, but there are still some job openings that cannot be filled. Florida’s unemployment rate dropped from its pandemic high of 14.2% in May 2020, to 4.7% in March, 2021. That current rate falls below the national average of 6%. There are some different reasons the unemployment rate is dropping, but some jobs are struggling to be filled. According to the US Bureau of Labor Statistics, hundreds of thousands of people left the labor force entirely since the pandemic. More from First Coast News.

Jacksonville, Puerto Rico port leaders to sign ‘Memorandum of Understanding’

The leaders of the Jacksonville and Puerto Rico port authorities will sign a “Memorandum of Understanding to affirm the vital maritime partnership between the two organizations,” JaxPort announced April 20. Maritime trade between Jacksonville and Puerto Rico was established in the 1950s. JaxPort said Jacksonville now is the No. 1 U.S. port for trade with the island, handling nearly 90% of all sea trade between Puerto Rico and the U.S. mainland. More from the Jacksonville Daily Record.

Miami-Dade may force all stores to accept cash

Stores in Miami-Dade today can choose how they’re paid, whether it’s by cash, credit, debit, digital transfers of funds of any combination of those forms of payment or others. Many have gone cashless as part of a growing shift in recent years that accelerated with Covid-19. A new item moving through County Hall aims to reverse that trend. Commissioners last week gave a first OK to a resolution by René Garcia that, if approved May 4, would direct Mayor Daniella Levine Cava’s administration to look at prohibiting retail businesses here from refusing cash payments for goods and services. More from Miami Today.

Florida regulators scale back Citizens rate hikes

Regulators have scaled back rate increases sought by Citizens Property Insurance Corp., dealing a blow to leaders of the state-backed insurer who argue it needs to charge more for coverage. The Florida Office of Insurance Regulation released details Tuesday of rate increases that will take effect Aug. 1, including decisions that reduced amounts sought by Citizens. As an example, Citizens requested an average 6.2 percent increase for homeowners’ multi-peril policies — the most common type of policies — but regulators approved a 3.2 percent increase. More from CBS Miami.

Will the Piney Point spill affect tourism this summer?

After the wastewater leak, which led to evacuations and a state of emergency, some feared busy tourist spots could be impacted. But local leaders said Manatee County’s popular destinations have seen little impact from the spill, which mainly affected the area around Port Manatee, far from the county’s most popular beaches. So far, the spill hasn’t led to a decline in visitors either, officials said. More from the Tampa Bay Times.

Entertainment
Miami Marine Stadium champion looks to concerts revenue bonanza

 The key to a financially successful restored Miami Marine Stadium will be concerts, says Don Worth, who has devoted much time for more than a dozen years to getting the stadium rebuilt and reopened. Mr. Worth was one of several speakers during a virtual community meeting April 15 about the future of the famous concrete stadium on Virginia Key. Sponsors were Dade Heritage Trust and the Miami Center for Architecture and Design.

» More from Miami Today.

 

Out of the Box
Kevin Smith auctioning off Sarasota-shot film 'Killroy Was Here' as an NFT

floridaKevin Smith knows he is stepping into completely uncharted territory by auctioning off his new film "Killroy Was Here" as a NFT (non-fungible token). The owner of the "Killroy" NFT will secure the rights to exhibit, distribute and stream the completed horror comedy anthology, directed, co-written and co-produced by Smith, making it a potential means for the new owner to earn money outside of the blockchain.

» Read more from the Sarasota Herald-Tribune.

Tags: Daily Pulse, Afternoon Pulse

In case you missed it:

Florida Trend Video Pick

Domino Park, symbol of Little Havana, reopens after COVID closure
Domino Park, symbol of Little Havana, reopens after COVID closure

The sound of laughter and clacking dominoes returned to Little Havana's popular Domino Park on May 3, 2021, as it reopened after being closed for more than a year due to COVID-19.

Earlier Videos | Viewpoints@FloridaTrend

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