The national economy is steadily losing power even as it continues to generate enough new jobs to lower the unemployment rate: 223,000 new jobs in December. That’s the lowest total in two years, but still nowhere near recession territory.
Jobs & Unemployment
Flagler County’s labor force reached nearly 51,000 in August and October, falling back modestly to 50,676 in November, with an employed labor force of 49,000, out of a population of about 120,000, and 1,600 unemployed people.
It’s almost all over but the permitting before Palm Coast’s BJ’s Wholesale Club, a big gas station and a half dozen satellite stores begin going up on a 31.5-acre site of State Road 100, just west of Seminole Woods Boulevard.
If a national recession is looming–by one traditional measure, it is already happening–the signs are mostly not apparent in Flagler County and in Florida. But there are glimmers of warnings.
AdventHealth’s hospitals in the greater Daytona Beach area, including AdventHealth Palm Coast, are hosting a career expo for job seekers at the Daytona International Speedway Wednesday and Thursday, Sept. 7 and 8 from 9 a.m. to 3 p.m.
As the state continues to struggle with a shortage of correctional officers, a legislative panel next week will consider a plan that would activate Florida National Guard members to help at prisons, according to a document published Friday.
The employment-related part of the law lists eight race-related concepts and says that a required training program or other activity that “espouses, promotes, advances, inculcates, or compels such individual (an employee) to believe any of the following concepts constitutes discrimination based on race, color, sex, or national origin.”
A housing report Palm Coast government is required to submit to federal authorities every five years, presented to the City Council today, opens an alarming window into the city’s most dire housing needs and stresses for middle and lower-income residents.
If the Flagler County Commission makes good on bailing from a crucial joint agreement with cities and the school board on school construction on Sept. 1, without a new agreement in place, it would be potentially devastating to the local economy: many local developments would stop. People would be out of work. The local economy would be needlessly jolted. The commission will decide later this month whether to agree to a later deadline enabling a new agreement to be in place by then.
The U.S. economy added more jobs than expected in June, keeping the unemployment rate at a 70-year low of 3.6%. Does this mean the U.S. will avoid a Fed-induced recession? The Fed has some room to maneuver, but not much.