After rising to a three-year high last month, Flagler County’s unemployment rate declined a statistically insignificant fraction, to 4.4 percent. In one troubling indicator: The local inventory of available housing is now at 1,225 single family homes–the highest number in 13 years. It was last at that level in may 2012, when the inventory was shrinking fast in the recovery from the housing boom.
Jobs & Unemployment
Flagler County’s 4.6% Unemployment Is Highest in Three Years; Florida’s Rate Stays at 3.3% for 4th Month
Flagler County’s unemployment rate of 46 percent in July was the highest since August 2021, when it was 4.9 percent and rapidly falling from its Covid-era high of 11.1 percent the year before. he labor force had also been gaining steadily until last August, when it peaked at 52,293, a record. It has fallen since. In July, it was 51,739, about where it stood in January. That suggests the county’s influx of new residents, especially working-age families, has slowed.
Flagler County’s Unemployment Rate Declines to 3.6%, But Growth in Working-Age Labor Force Stalls
Flagler County’s May unemployment rate was 3.6 percent, down from 3.9 percent in April, as the rate continues to oscillate within the same narrow band it has for a year and a half. Previously steady growth in the labor force, however, has stalled. After rising earlier this year, it declined for the second month in a row, to 51,383, almost exactly where it stood a year ago. The labor force reflects working-age adults with families as opposed to children or retirees, who account for 60 percent of the county’s population.
AdventHealth Hired 10,000 Nurses Since 2020
Four years after a global pandemic rocked the health care industry and exacerbated a nationwide nursing shortage, AdventHealth celebrates a major milestone: 10,000 registered nurses hired across its Central Florida hospitals and health care locations since 2020. AdventHealth’s hospitals in Flagler, Lake and Volusia counties have successfully reduced turnover by 22 percent and travel-nurses by 39 percent.
Flagler Unemployment Holds at 4.1% as Local Home Sales Near 4-Year Low and Time to Contract Hits 8-Year High
Flagler County’s March unemployment rate held at 4.1 percent for the third straight month, remaining above 4 percent for six of the last eight months even as county residents netted 134 new jobs and the number of the unemployed remained flat. The slowing pace of new workforce residents is reflected in the slowing pace of home sales, which are near a four-year low. That is one of several local economic indicators that, should they persist, may be of concern to those in the housing industry.
The Economy Is Getting Better. Consumers Dont Feel That Way.
Americans are still worried about their financial stability even as their recession fears lessen. High prices at the grocery store and consumers’ memories of their pre-pandemic budgets may be playing a role. Here’s what financial and economic experts have to say about what this week’s economic indicators tell us about people’s perception of the economy.
Gaslighting Greed: Uber Overcharges Riders and Underpays Drivers
That higher driver pay would force big fare hikes is one of Uber and Lyft’s favorite scare tactics. As drivers across the country have protested poverty wages and organized for better pay, the rideshare giants have trotted out this line again and again. It’s false. The companies are reaping billions at drivers’ and riders’ expense, especially where no protections are in place.
Flagler County’s Unemployment Rate Holds at 4.1%, Florida’s Holds at 3.1%
In Flagler County, the unemployment rate held at 4.1 percent, same as in January, with very modest growth in the labor force and the number of people employed–just under 50,000–and no change in the number of those collecting unemployment–2,121.
Census Bureau: Flagler County’s Population Was 131,500 Last July, an Increase of 16,000 in Three Years
Flagler County is again among the faster-growing counties in the nation, but not among the fastest. The county added 16,000 residents between 2020 and 2023, a 14 percent increase beginning to resemble the population surge of the early 2000s that was halted by the housing crash. Put another way: the county has grown by a population equivalent to more than three times the size of Flagler Beach in that brief span. Just since 2010, the county has grown by 40,000 people.
Flagler County’s Unemployment, at 4.1%, Registers Second-Highest Total of Unemployed in Over 2 Years
Flagler County’s unemployment rate again crossed the 4 percent threshold, for the fourth time in six months, registering at a not-seasonally adjusted 4.1 percent in January, up from 3.7 percent in December and 3.6 percent a year ago. The more telling average of the last 12 months was 3.7 percent, compared to 3.3 percent for the previous 12 months, underscoring a small but perceptive trend upward.