Flagler County’s unemployment rate fell a full percentage point in April, to 8.3 percent, the sharpest single-month improvement of the last five years’ recovery, as the number of unemployed people in the county dropped by 375 and the number of employed people climbed by 111. A drop of 264 in the labor force, however, also helped reduce the unemployment figure.
Jobs & Unemployment
TALKiT, the New Palm Coast-Based Social Media App, Is Introduced to Economic Advisory Council
TALKiT, the innovative, Palm Coast-based social media application whose developers say will revolutionize the way individuals and institutions communicate in real time, got its formal introduction to the Flagler County Economic Opportunity Advisory Council Wednesday morning.
Joint Restaurant Experiment Ends as Palm Coast’s Red Lobster Closes and Olive Garden Grows Larger
Three years after Darden Restaurants opened a combined Red Lobster and Olive Garden restaurant at the Target shopping center, the company announced that it would close Red Lobster as it prepares to either sell or spin off the brand, which has been losing customers.
Unemployment Falls Sharply to 6.3% as Economy Adds Nearly 300,000 Jobs, But Labor Pool Shrinks
People are reentering the workforce, they’re applying for work, they’re finding jobs, with an economy in April adding more net jobs for the 50th consecutive month–ironically, one of the longest peace-time recoveries on record, following the Great Recession of 2007-08. But a huge number of people are also leaving the workforce. That has resulted in an unemployment report for April that looks very bright at first, but that dims somewhat when analyzed more closely.
Single-Family Home Permits Up 29% in 1st Quarter as Construction in Palm Coast Churns
Some 126 construction permits were issued for single-family homes in Flagler County in the first three months of the year, 88 of them in Palm Coast and 34 in the unincorporated part of the county.
Flagler Unemployment Creeps Up Again, to 9.4%, But Labor Force and Net Jobs Grow
Flagler County’s unemployment rate again rose in February, to 9.4 percent, a decimal-point increase over the previous month and some 80 more people went on unemployment. But The county’s overall employment went up sharply, by 364 (for a total of 31,976), and the county’s labor force went up even more, by 442–both signs of growing strength in the local economy as more workers seem encouraged to join the labor force, and more workers are actually finding jobs.
Unemployment Spike to 9.3% in Flagler Masks Larger Labor Force, More Job Creation and Flurry of Development Ahead
Flagler County’s January unemployment is up sharply from from 8.8 percent in December. but in a brighter sign, the county’s labor force also added some 400 people, there was a net gain of some 200 jobs, and numerous commercial, residential and government construction projects suggest that the county’s economy is brightening.
If It’s Economic Growth You Want, Raising the Minimum Wage Crushes Wall Street Bonuses Every Time
If the $26.7 billion Wall Streeters pulled in on their bonuses last year had instead gone to minimum wage workers, our economy would be expected to grow by about $32.3 billion — more than triple the $10.4 billion boost expected from the Wall Street bonuses.
Economy Adds 175,000, Reversing
Early Winter Plunge; Unemployment at 6.7%
Despite successive cold spells and snow storms in the east, the national economy added 175,000 jobs in February, reversing a two-month trend that saw job creation fall. The unemployment rate, however, ticked up a decimal point, to 6.7 percent.
Enterprise Florida’s Version of Economic Development: Lavish Perks at Steakhouses, Hotels and Yankee Stadium
Enterprise Florida, The state’s economic development agency, is under fire again. This time, a recent report highlighted lavish spending by its staff, which prompted a watchdog group to ask the governor to launch an investigation.