The national unemployment rate fell to 7.8 percent in September, its lowest level since President Obama’s inauguration in January 2009, as the economy added 114,000 jobs in September, and revised figures for the previous two months boosted those totals by 86,000 jobs. In the last three months, the economy has added 434,000 jobs.
Jobs & Unemployment
In Recession’s Depth, 2,362 Millionaires Got Unemployment Benefits
Brace yourselves: in 2009, no fewer than 2,362 millionaires got unemployment benefits. The year before, 2,840 did, raising questions about whether unemployment insurance should be means-tested. Five such proposals are pending in Congress.
As Expected, Flagler County Suspends $1,707-a-Home Building Tax for 2 Years
The county’s moratorium is relatively small, but Flagler’s chamber of commerce and its home builders association hope to get the school board to approve a moratorium next, then move to Palm Coast, where impact fees add up to $15,270.
Floridians’ Consumer Confidence at Highest Level Since 2007
All five of the five components that make up consumer confidence increased, including expectations about personal finance, national economic conditions, and buying confidence, according to the latest analysis by the University of Florida’s Bureau of Economic and Business Research.
Florida Unemployment Unchanged at 8.8%, Flagler’s Dips Slightly, to 12.4% in August
Florida’s unemployment rate was unchanged in August, at 8.8 percent, as the state added just 23,200 jobs–for a total of just 77,800 in the past 12 months–while Flagler County’s rate dipped to 12.4 percent. Flagler’s rate has been in the 12 percent range since February.
In Flagler and Across Florida, More Perky Housing Sales Point to Encouraging Trends
Sales of single family homes in Flagler were up 9.5 percent in August over a year ago, 10.8 percent across Florida, while pending sales have skyrocketed in further signs of health for the battered housing sector, even as prices still stagnate.
Mitt Romney’s 47 Percent Problem
In 2008 John McCain’s big challenge was to control Sarah Palin’s mouth. In 2012, Mitt Romney’s biggest challenge is to control Mitt Romney’s mouth. His characterization of 47 percent of Americans as victims and dependents, besides being demonstrably false, unravels the cynicism at the core of Romney’s campaign.
Palm Coast Data’s Latest Revenue Down 18.6% Over the Year But Ticks Up in 2012
Palm Coast Data revenue fell to $13.6 million in the quarter ending July 31, compared to $16.5 million a year ago, and $32 million in 2008. Parent-company Amrep Corp. posted its 12th loss of the last 16 quarters.
Feed Flagler Launches 4th Year as Big Cuts in Food Stamps Loom and Pantries Empty Out
Again led by County Commissioner Milissa Holland, Feed Flagler aims to exceed last year’s fund-raising of $28,000 and 60,000-pound food-drive by Thanksgiving, but federal legislation cutting food stamp benefits would prove a setback for Flagler’s efforts against hunger.
The Sheltering Tree, Flagler’s Homeless Shelter, Holds Fundraiser for Center Sunday
Flagler County’s Sheltering Tree, the county’s only homeless shelter, holds its “Steps to Success” Fundraiser at 1 p.m. Sunday, Sept. 16 at the Hammock Community Center, 79 Malacompra Road, off State Road A1A in Palm Coast. Tickets are $25.