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.
Jobs & Unemployment
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.
Flagler County Ends Year with 3.7% Unemployment, 12th-Highest Rate in Florida
Flagler County ended 2023 with an unemployment rate of 3.7 percent and an average unemployment rate of 3.5 percent for the year, down slightly from the average of 3.6 percent in 2022. It is the 12th highest in the state. While the monthly report indicates continued healthy employment, it also hints at a couple o concerning underlying trends, with a slow-down in the growth of Flagler’s workforce and a significant jump in the number of people collecting unemployment.
Bill That Would Allow Kids 16 and 17 to Work Over 30 Hours a Week During School Year Advances
The proposal by Tampa Bay area Republican Rep. Linda Chaney (HB 49) would allow 16 and 17-year olds to work more than 30 hours a week during the school year and allow for fewer mandatory work breaks. The proposal was approved on a party-line vote in a House committee and is one committee stop away from making it to the House floor for final approval.
Raising Alarms, Pontieri Calls for Moratorium on Flood-Prone Construction Until Regulations Are Rewritten
Palm Coast City Council member Theresa Pontieri unexpectedly called for a 60 to 90-day moratorium on construction on so-called in-fill lots, the traditional quarter-acre lots that ITT platted, or until until the city’s revised construction regulations are enacted. The regulations address issues that have caused flooding on existing lots. Pontieri’s proposal, to be considered for adoption on Jan. 16, drew a startled response from the Flagler County Home Builders Association and caution from some council members.
Social Media Regulation, AI, ‘Deregulation’ of Public Schools and Child Labor: 10 Top Issues of Legislative Session
Florida lawmakers will start the annual 60-day legislative session on Jan. 9, with Gov. Ron DeSantis giving his State of the State address before shuttling back to Iowa ahead of the caucus there on Jan. 15, with a slate of proposals–on artificial intelligence, the elimination of numerous regulations in public schools, allowances for 16 and 17 year olds to work longer hours–crowding the legislative agenda.