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More bad news: Florida's jobless rate surges up

Florida's unemployment rate jumped up 10 percent in the month of May, bringing the state's unemployment rate to what it was in January 2003, the state announced on Friday morning.

The jobless rate is now 5.5 percent, an increase from 5 percent in April, which means that Florida now matches the national unemployment average. State officials estimated that there have been more than 74,000 jobs lost in the last year.