Flagler County government is making its most expensive pitch to attract 250 jobs, a high-tech finance company based in the Northeast and looking to expand either in Florida or Georgia.
Ukrainian entrepreneurs, Chinese investors and local businesses looking to expand are resulting in robust new activity on Flagler’s long-dormant commercial real estate sector, the county’s economic development council learned this morning.
As in the rest of the nation, job creation in Florida and Flagler is close to a standstill, with just 9,900 jobs created in July, leaving almost 1 million Floridians out of work.
What jobs program? Obama’s surrender to stimulus by tax cuts is another concession to bully superstitions. Obama has lost credibility. He’s lost respect. He’s losing the nation right along with him.
Defying expectations, the national economy added 117,000 jobs in July. Figures for May and June were revised upward to add 56,000 jobs to those two months’ totals, and the overall unemployment rate fell back to 9.1 percent, from 9.2.
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.
The economy added just 54,000 jobs in May and totals for the two previous months were revised downward by 39,000 in the latest sign that the economic outlook is worsening again.
The unemployment rate locally and statewide appears to be trending downward consistently and finally following the national trend, which has been improving for most of the past year.
While Flagler County is still at the top of the unemployment chart in the state, improvements suggest that job creation is finally reaching Florida, which added 22,000 net jobs. Flagler’s employed grew by 360.
Driven by Florida businesses, the Legislature is preparing to cut eligibility for the jobless and making it harder to claim benefits. Flagler’s unemployment rate is hovering around 16%, Florida’s around 12%.