Flagler County’s unemployment rate in October was 5.7 percent, down a statistically insignificant decimal point from the previous month, and consumer confidence statewide again dropped in a reflection of the sharply worsening covid pandemic locally and statewide.
Jobs & Unemployment
While all but ridiculing the county’s claim that it had broken the law by approving a lease amendment with Captain’s BBQ without putting it out to bid, Circuit Judge Perkins was far more receptive to the county’s claim that the amendment had not yet kicked in, and so could not have been breached. He all but drew a map for the county’s next attempt to dismiss the lawsuit, pending the taking of depositions.
Forget assumptions. Forget fear-mongering PR releases chambered in baseless claims that a $15 minimum wage will cost jobs. When the most extensive analysis on the subject shows 20 times more people will live better than lose jobs, it’s case closed.
The U.S. unemployment rate fell a full percentage point in October, to 6.9 percent, as the economy continued its steady if fitful recovery from coronavirus-related job losses, adding 638,000 jobs in October. The gains would have been higher had it not been for the loss of 147,000 temporary Census jobs.
The hike in the minimum wage will be phased in through Sept. 30, 2026, but it will represent a significant move in a state heavily dependent on tourism and the service industry for jobs. It was put on the ballot with the financial help of well-known Orando trial attorney John Morgan.
The layoffs are part of the Walt Disney Company’s plans to lay off 28,000 employees in the U.S., due to prolonged closures at parks in California and limited attendance in Florida. Disney employs about 77,000 people in Florida.
Flagler County’s labor force had been setting records and moving toward the 50,000 mark just before covid struck. It is now at 45,902, down from 47,459 a year ago. There are 2,700 fewer unemployed persons in the county today than there were a year ago.
While the opposing camps on Amendment 2 offer those dramatically different pictures about what will happen if the minimum-wage measure passes, political experts anticipate that the outcome of the vote on the proposed amendment — one of six on the Nov. 3 ballot — will be close.
DSC’s Rapid Credentialing programs may be completed in as little as one to 18 weeks to assist unemployed, underemployed, or furloughed workers. Qualifying participants may be able to qualify at little or no cost depending on the program selected.
First-time unemployment claims jumped last week to 40,200 in Florida, up from 32,400 the previous week, as a growing number of major entertainment and travel-related businesses, including Disney and Universal cut hours and lay off employees.