The national economy added 136,000 jobs in September, and figures for July and August were revised upward by 45,000 jobs, sending the unemployment rate to 3.5 percent, matching a level last seen in December 1969.
Jobs & Unemployment
The University of North Florida is submitting a $23 million request to the State Board of Governors that includes Palm Coast’s Town Center as a hub of an innovative concept of medical higher education that ties directly to medical-sector jobs in Northeast Florida, a concept UNF calls MedNex.
Job growth has averaged 158,000 a month this year, below the average monthly gain of 223,000 in 2018. August’s employment gain was helped by the federal government’s hiring of 25,000 temporary census workers in preparation for the 2020 census.
Stagnant wages, out of control student debt, rising costs of necessities, unaffordable housing: they’re all among the reasons why the rules are rigged against young people trying to make it on their own.
The Flagler-Palm Coast labor force grew by more than 200 people in July, to 48,631, while the number of people with jobs grew by about 250, to 46,701, a growth of more than 2,000 jobs compared to a year ago.
The June unemployment figures for Flagler and Florida suggest both the state and the county have bottomed out in a job market at the closest to full employment they may see in this economic cycle.
The report from the non-partisan Congressional Budget Office finds that a $15 minimum wage would increase the wages of millions of low wage workers, increase the average incomes of low and lower-middle-income families, reduce poverty, shift money from corporate profits to the wages of low-wage workers, and reduce inequality.
The stories told by Mullins’s hyper-optimism and the county administration’s more cautious and deliberate approach illustrate a recurring gulf between the politician’s wishes and promises and what the government administration is in fact delivering (or not).
Wages again increased by 6 cents. Over the year, average hourly earnings have increased by 3.2 percent, well exceeding the 1.6 percent rate of inflation, which means that the difference lifts the net standard of living.
The 2019 Housing Fair – hosted by Flagler County, the City of Palm Coast, Flagler County Association of Realtors, and the Mid-Florida Housing Partnership – will be held from 10 a.m. to 2 p.m. April 27 at the Flagler County Association of Realtors building, 4101 E. Moody Blvd., Bunnell.