Florida’s unemployment rate dropped sharply in November, to 8.1 percent, from 8.5 percent last month–and 10.1 percent a year ago–but Flagler County’s unemployment rate rose a decimal point, to 11.4 percent.
economic development
Carrabba’s Opens In Palm Coast, Edging the City’s Economic Center of Gravity a Little North
Palm Coast’s Carrabba’s, the Italian restaurant, will add some local 82 jobs and further solidify economic growth along Cypress Edge Drive, while Town Center continues to wait for its equivalent day in the sun.
Despite Sandy, Unemployment Rate Falls to 7.7%, Best Since December 2008
Despite Hurricane Sandy and economists’ predictions of a poor jobs report, the economy added 146,000 jobs in November, for a combined 416,000 jobs in the last three months. But the numbers are still lower than what they should be for a robust recovery.
Unemployment Drops Sharply in Flagler, to 11.3%, as State and U.S. Trends Also Improve
Flagler County’s unemployment rate in September dropped sharply to 11.3 percent, from a revised 12 percent in August, as improving economies statewide and in the country continue to to trickle down. Flagler’s 11.3 percent rate is the lowest in four years: it was last at 11.3 in November 2008.
Awarding Just $20,000 in Arts Grants Again, Palm Coast Agrees to Rethink Its Stinginess
Palm Coast is willing to subsidize its money-losing tennis center to the tune of $240,000 in the last two years, but is awarding just $20,000 to support just nine arts and culture organizations. Some council members (calling the small amount “a joke”) want to change that.
Flagler Schools’ Overall Enrollment Flat For 4th Straight Year as Charters Keep Growing
Flagler County’s three charter schools’ enrollment exceeds 1,000, or 8 percent of the district, which saw its traditional schools’ enrollment fall to the lowest level since the 2005-06 school year.
U.S. Economy Adds 171,000 Jobs in October, Topping Half a Million in Last 3 Months
The economy added 171,000 jobs in October, exceeding economists’ expectation of 135,000, and figures for August and September were revised upward, adding 84,000 to previous tallies, for a total of 511,000 jobs in the last three months.
Another Major Blow to Palm Coast Data as Newsweek, a Major Account, Ends Print
Newsweek, with 1.5 million subscribers, is one of Palm Coast Data’s largest accounts. The company landed it less than two years ago, helping it stanch the loss of other titles. Newsweek will end its print publication in December, a move that will again hurt Palm Coast Data’s bottom line.
Crucial Jobs Report Gives Obama a Boost as Unemployment Falls to 7.8%, Lowest in 4 Years
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.
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.