The national economy added 136,000 jobs in September, and figures for July and August were revised upward by 45,000 jobs, sending the unemployment rate to 3.5 percent, matching a level last seen in December 1969.
Job growth has averaged 158,000 a month this year, below the average monthly gain of 223,000 in 2018. August’s employment gain was helped by the federal government’s hiring of 25,000 temporary census workers in preparation for the 2020 census.
The Flagler-Palm Coast labor force grew by more than 200 people in July, to 48,631, while the number of people with jobs grew by about 250, to 46,701, a growth of more than 2,000 jobs compared to a year ago.
The June unemployment figures for Flagler and Florida suggest both the state and the county have bottomed out in a job market at the closest to full employment they may see in this economic cycle.
The unanimous vote capped a brief presentation followed by a nearly hour-long stream of public support and commissioners’ applause, though most elements of the package remain hidden, and, enthusiasm aside, many of the statements were speculative, exaggerated or inaccurate.
The report from the non-partisan Congressional Budget Office finds that a $15 minimum wage would increase the wages of millions of low wage workers, increase the average incomes of low and lower-middle-income families, reduce poverty, shift money from corporate profits to the wages of low-wage workers, and reduce inequality.
The stories told by Mullins’s hyper-optimism and the county administration’s more cautious and deliberate approach illustrate a recurring gulf between the politician’s wishes and promises and what the government administration is in fact delivering (or not).
Some 300 to 400 people turned out at a Palm Coast meeting hosted Monday by the developers of a planned 3,966-unit project on John Anderson Highway, the crowd promising staunch opposition.
A furniture distribution company would build the largest structure in Flagler, a 250,000 square foot building, off U.S. 1 and provide 50 jobs in exchange for the $680,000 in direct subsidies over the next 10 years, an amount extrapolated from a largely speculative guess of how much the company would be taxed.
Wages again increased by 6 cents. Over the year, average hourly earnings have increased by 3.2 percent, well exceeding the 1.6 percent rate of inflation, which means that the difference lifts the net standard of living.