Thank you to my good buddy Eric D. Olson Esq. for identifying the aircraft type for me. Eric also says:

"I think they flew them from 1949 through 1950. They transitioned to the F-84 Thunderjet during the Korean War. During the period before the Korean War, the FANG formed a four ship aerobatic team using the F-80C's called the "Florida Rockets." The plane in the photo is NOT one of the Florida Rocket planes. Those planes had the title "Florida" written above the elongated badge on the nose with the word "Rockets" written underneath the badge. I think the nose flash on all of the FANG F-80C's was painted dark blue."