About 10,100 people chose to enter retirement or exited the state’s deferred retirement plan ahead of new laws kicking in on July 1, an increase of more than 900 people from the same time last year.
Jobs & Unemployment
With or Without Palm Coast, County Would Lead New Economic Development Council
The county’s proposal would mean the end of Enterprise Flagler and the creation of a 9-member council chaired by the county, with cities and private-sector membership overseeing a $410,000 budget. Palm Coast’s buy in is a question mark.
Unemployment Again Rises in Flagler, To 14.6%, and Stalls in Florida at 10.6%
The number of unemployed people in Flagler County jumped from 4,526 in May to 4,779 in June, a 5.3 percent increase, while the county workforce has decline by 2.3 percent over the year.
Palm Coast Data Revenue Drops 20% in 2011; Parent Company Posts $7.6 Million Loss
Revenue at Palm Coast’s largest private-sector employer declined to $73.6 million, from $92 million the previous year. The company’s revenue has dropped 40 percent in four years.
Is Flagler County’s Real Estate Industry Finally Brightening? Depends Whom You Ask.
Sales are increasing somewhat by volume but more than half the transactions are for cash, prices keep falling, foreclosures are increasing, and the overall economy shows little sign of improvement.
Coalition of Cities Meets, Its Mission As Fuzzy as Its Place in Flagler’s Economic Bog
The Coalition of Cities is Flagler’s smaller cities’ answer to being snubbed at a larger economic-development table. But the snub is over. The coalition remains. It’s not exactly clear why, and it underscores the frayed political landscape behind facades of unity.
Economic Development Summit Cancelled Again as “Coalition of Cities” Revs Up
Cancelled once on June, the county-wide economic development summit set for July 27 was cancelled again as Bunnell and Flagler Beach’s break-away “coalition of cities” meets for the first time Friday.
They Feel Your Pain: Florida Legislature Home to 51 Millionaires
Millionaires make up almost half of the 40-member Florida Senate and nearly one-third of the 120-member Florida House. Legislators are paid $29,697 a year, with presiding officers making $41,181 a year.
Unemployment Rises Again, to 9.2%, as Job Creation Disappears and Recession Looms
More bad news for the Obama administration as job creation in June fell to a statistically insignificant 18,000 and the unemployment rate rose again, raising fears of another recession ahead.
Drawing Widespread Criticism, Rick Scott Discovers the Joys of SunRail, and CSX
Gov. Rick Scott’s approval of SunRail triggered criticism from Republicans and Scott’s tea party base while sharpening a contrast with his earlier rejection of a federally funded high-speed rail initiative.