For the past 13 months, Flagler County’s unemployment rate has been stuck within in narrow band in the mid-5.5 percent range, bottoming out at 4.9 percent last May and peaking at 5.7 percent three times along the way.
flagler county unemployment
The streak in increasing unemployment is echoed by an equally suggestive streak: five straight declines in the number of house sales closing in Flagler County, going back to May’s post-recession peak of 259 sales.
This is one of those unemployment report where the uptick in the unemployment rate is almost meaningless, compared to other numbers, at least as far as Flagler County’s economy is concerned.
When Florida’s under-employed and discouraged workers are included, the state’s unemployment rate zooms up to 10.6 percent, higher than the national rate of 9.6 percent.
Flagler’s unemployment rate has fallen a full percentage point in a year, and is down from 8.3 percent two years ago. The rate went down even though 179 fewer people held jobs in April, because the labor force shrank by a larger number.
In March, strong job growth continued in Flagler County with a gain of 396 for a two-month gain of 868 jobs–numbers not seen since before the Great Recession. Florida’s unemployment rate fell to 4.9 percent.
The number of Flagler County residents holding jobs surged by 472, one of the best single-month increases since the recession, lowering the county’s unemployment rate to its lowest level since 2007.
The number of people with jobs in Flagler has grown by 23.7 percent since 2007, even though the population has grown by just 13.6 percent, pointing to a relatively robust recovery.
Florida’s labor force shrank by a significant 79,000 and Flagler’s by 325, bringing down their unemployment rates to 5.5 and 6.3 percent respectively.
There were in fact 87 fewer Flagler residents with jobs in April than in March, though the number of Flagler residents on the unemployment rolls also declined, by 219, to 2,616.