The Flagler labor force hit a new high of 47,204, up 600 compared to a year ago. Of those, 45,423 residents are holding jobs either in the county or out of the county.
florida economy
Citing Net Losses Near End of 2017, Report Raises Questions About Job Growth in Florida
A new federal report cast Florida in an unusual role: as the state with the most net job losses, at least for the third quarter of 2017, contrasting with Gov. Rick Scott claims.
Flagler Job Holders and Workforce Surge By 400 in September as Unemployment Flattens
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.
In Florida, Citrus Nears Oblivion as Disease and Development Squeeze it to Economy’s Margins
The citrus industry lost 4 percent of its grove land, 21,275 acres, over the past year. Citrus greening disease, which is deadly to the crop, has infected nearly all of Florida’s commercial citrus groves.
Amazon to Open 1,500-Job Fulfillment Center in Jacksonville, 3rd in Florida
A day after announcing the opening of a 750,000 square-foot shipping center in Romeoville, Ill., Amazon today announced it would open a slightly larger fulfillment center in Jacksonville, employing some 1,500 people. It will be the third Amazon center in Florida. Centers in Lakeland and Ruskin employ a combined 3,000 people.
Unemployment Stays Flat in Flagler, at 5.9%, and in Florida, at 5.1%, as Workforce Stalls
All numbers dipped a little in Flagler County’s economic graphs in November in what amounts to a tepid unemployment report locally and in Florida. But most numbers are still heading in the right direction.
Service Specter: Rick Scott’s Job-Growth Puffery Masks Florida’s Low-Wage Future
About two of three of those new jobs is a low-paying service-sector one, mirroring years of Florida job growth in low-pay, no-benefits, dead-end jobs in Team Scott’s tourism-driven economy.
Can This Guy Help Save Florida Oranges? State Unveils $1 Million Captain Citrus
The muscled-up Captain Citrus, intended to help boost Florida citrus sales while fighting evil, has undergone a $1 million head-to-toe makeover with the help of comic-book giant Marvel Entertainment. He was unveiled Tuesday by the Department of Citrus at a comic-book store in Tampa.
Visit Florida: Ferguson’s Seethe Is a Matter of Time for the Sunshine State
Rose-colored Florida is a cynical myth, the stuff of marketing brochures, a developers’ conspiracy of enticing fiction to make their cash registers ring. The real Florida is a bitter, brooding reality beyond sugarcoating, argues Stephen Goldstein.
Flagler Unemployment Creeps Up Again, to 9.4%, But Labor Force and Net Jobs Grow
Flagler County’s unemployment rate again rose in February, to 9.4 percent, a decimal-point increase over the previous month and some 80 more people went on unemployment. But The county’s overall employment went up sharply, by 364 (for a total of 31,976), and the county’s labor force went up even more, by 442–both signs of growing strength in the local economy as more workers seem encouraged to join the labor force, and more workers are actually finding jobs.
With His Job in Mind, Gov. Scott Campaigns to “Keep Working” in State of the State Address
The half-hour speech, delivered before a joint meeting of the Legislature, plowed little to no new ground on the policies the governor will tout during the 60-day session that opened Tuesday. But Scott used the speech to connect his family’s financial troubles when he was young to his quest to bring more jobs to the state.
Enterprise Florida’s Version of Economic Development: Lavish Perks at Steakhouses, Hotels and Yankee Stadium
Enterprise Florida, The state’s economic development agency, is under fire again. This time, a recent report highlighted lavish spending by its staff, which prompted a watchdog group to ask the governor to launch an investigation.
Florida GI Bill Seeks More ‘Military Friendly’ State, With Free Tuition For National Guardsmen
The hefty proposals include spending $14.5 million a year for an expansion of free tuition for members of the National Guard, would create a non-profit to market Florida to former members of the U.S. military. Also, they would upgrade state armories, ease professional licensing for veterans and offer a waiver for all honorably discharged veterans from having to pay out-of-state tuition charges at state colleges and universities.
Scott Proposes $74.2 Million Budget, Culminating Weeks of Tax-Cutting and Spending Pitches
The blueprint released Wednesday included at least two notable items: an increase in the exemption from the corporate income tax that would cost the state $21.6 million, and up to $70 million for land conservation efforts.
Extra State Revenue Could Top $1 Billion As Legislature Approaches Spring Session
State economic forecasters added $324.3 million to expected tax revenues during the current budget year, which ends June 30, and the fiscal year that begins the next day. Because lawmakers have already passed a budget covering this year, all of the new money should be available for the spending plan that starts in July.
Immigration Reform’s Latest Cheering Section: Florida College and University Presidents
Florida college and university presidents are calling on Congress to pass immigration reform this year, saying it would be better for the state’s economy if foreign students could stay after graduation, instead of being forced to take their diplomas and leave.
Projection Shows $846 Million Surplus Ahead of Florida’s 2014 Budget
The estimated $845.7 million surplus could be used during the 2014-15 fiscal year to increase spending or cut taxes — or it could be rolled into the budget for the following year. The projection comes with all sorts of caveats, as the 2014-15 year will not start until July 1.
Pessimism Creeping Into Floridians’ Consumer Confidence as Index Declines
Consumer confidence among Floridians remained in August at 77, the same as the July after that number was revised downward, the University of Florida’s Bureau of Economic and Business Research reported today. Three of the five components that make up the index declined while two increased, suggesting increased pessimism.
Florida Unemployment Stuck at 7.1% For 3d Month, Flagler’s at 10.3% On Low-Pay Jobs
The national economy, Florida’s and Flagler County’s might as well be the three twins of lethargy: all three economies are mirroring each other in fitful but anemic activity, adding some but mostly low-paying jobs as Florida’s unemployment rate remains at 7.1 percent for the third straight month and Flagler’s continues in the low double digits, at 10.3 percent.
Lawmakers Will have $435 Million More to Work With in 2014 as Recovery Continues
The added revenue swells to $2 billion the net increase from this year’s budget in the general revenue, but lawmakers aren’t scheduled to take up the budget again until next spring’s legislative session, and other revenue forecasts are expected in the interim, meaning it will likely take awhile before the full budget picture is known.
Obama in Jacksonville Thursday in Economy Tour as GOP Ridicules Visit
President Barack Obama plans an appearance Thursday in Jacksonville to talk about economic issues, and the Republican Party of Florida has already launched a counter-attack.
Floridians’ Consumer Confidence Hits Post-Recession High as Personal Finances Improve
Stock market gains for the first part of June played a role, while perceptions of current buying conditions are at a post-recession high of 93. The last time it reached this level was April of 2007 when it was 97. Four of the five overall components that make up the index rose while one stayed the same.
Gov. Scott Leads 80-Member Delegation to Paris Air Show in Latest Large-Scale Junket
The weeklong mission, the ninth international trade delegation fronted by Scott, is expected to focus on Florida’s aviation and aerospace industries, with some lawmakers questioning such trade missions, saying they lacked “empirical data” to directly link the economic benefits of the trips with any moves to Florida by a private foreign firm.
Florida Loses Out on Amazon Deal, and Up to 3,000 Jobs, Over Sales Tax Fumes
In a statement issued Thursday, Gov. Rick Scott’s administration implied that if Amazon were to locate in Florida and begin collecting taxes, that would amount to a tax increase on Florida residents who use the popular shopping portal.
Florida Legislators Have $3.5 Billion More To Play With This Year Than Last
Forecasters added $153 million in tax revenues in the budget year that ends June 30, and $106.5 million for the year that begins July 1. Even taking into account likely policy decisions and budget increases, the state could have a surplus of $1.1 billion.
Florida’s Own Fiscal Cliff: Gov. Scott Pleads With Obama to Help Avert a Strike at Seaports
Barring an agreement between longshoremen and shippers, Gov. Rick Scott and executives of Florida’s largest ports urged President Barack Obama to use his authority to keep containerized cargo moving while talks continue, saying any interruption would have a ripple effect throughout Florida and across the country.
Florida Unemployment Falls Sharply to 8.1%, But Flagler’s Edges Back Up to 11.4%
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.
Floridians’ Consumer Confidence at Highest Level Since 2007
All five of the five components that make up consumer confidence increased, including expectations about personal finance, national economic conditions, and buying confidence, according to the latest analysis by the University of Florida’s Bureau of Economic and Business Research.
In Flagler and Across Florida, More Perky Housing Sales Point to Encouraging Trends
Sales of single family homes in Flagler were up 9.5 percent in August over a year ago, 10.8 percent across Florida, while pending sales have skyrocketed in further signs of health for the battered housing sector, even as prices still stagnate.
The Downside of Tourism Jobs, and What North Carolina Can Teach Florida
Florida is adding jobs, but mostly in tourism and service industry, low-skilled work that has involuntarily forced people into part-time employment. North Carolina has seen more employment grow in the information technology and research sectors. These jobs tend to offer higher pay and more stability.
Florida Revenue May Grow by $2.6 Billion as Recovery Solidifies, Contradicting Romney
President Obama and Gov. Rick Scott will be competing t take credit for Florida’s continuing economic improvements as the state turned in a relatively healthy $407 million surplus in the fiscal year that ended June 30.
Rick Scott Tapped as Speaker at Republican Convention in Tampa, But Role May Be Minor
Rick Scott is not as strong a public speaker as a number of other GOP leaders, and his message – that the Florida economy is looking up is at odds with the national message of presidential candidate Mitt Romney.
Florida Tourism Lull Predicted, Slowing Local Growth, as Euro Zone Economies Suffer
Economic woes in Europe will trickle across the Atlantic over the next few years as potential international guests stay home or see their native currency buy less once they arrive, a panel of economists estimates.
Lousy Numbers: Just 69,000 New Jobs in May; Unemployment Back Up to 8.2%
Bad unemployment numbers all around for the American economy in May, hinting at recession: the unemployment rate crept back up to 8.2 percent, from 8.1 percent in April. Just 69,000 jobs were created, the lowest number in a year.
Largest Employer in Most Florida Counties, Flagler Included: Government
A government entity is the largest employer in 51 of the state’s 67 counties, including in Flagler, where the school board 1,700 employees, and in every county in Florida government at least one of the top five largest employers.
Flagler’s Unemployment Falls to 13.9%, But Labor Force Is Down 3.6% Over the Past Year
Flagler’s rate is the lowest in three years, suggesting sustained, if slow, improvement, but the workforce has shrunk by 1,200, raising concerns that the county is losing population or attraction as a place to work.
Less Brawn and Less Substance as Gov. Scott Declares Florida On Its Way Back
There were no surprises and few specifics in Scott’s roughly half hour State of the State speech, with the governor sticking to his year-long theme of getting the state back to work. The opposition is skeptical.
Downturn Be Damned: Florida Crosses 19 Million Mark as Population Grows By 256,000
The population growth in Florida was driven mostly by migrants into the state, while the nation’s growth of less than 1 percent between April 2010 and July 2011, was the lowest since the mid-1940s.
Workers’ Black Fridays: Florida Second in Mass Layoffs in October; Chill Winds Ahead
While mass media’s attention has deflected attention to the annual post-Thanksgiving shopping craze known as black Friday, indicators point to conflicting and worrisome trends ahead for Florida’s and America’s pocketbooks.
Gov. Scott Proposes Corporate Tax Cuts Even As Florida Faces a Deficit of Up to $2 Billion
Gov. Rick Scott wants to double the corporate income tax exemption to $50,000 and eliminate the tangible tax for half of the state’s 300,000 businesses that now pay it. It’s part of his plan to eliminate all corporate taxes ins even years.
Bleak and Bleaker: State Revenue to Fall Another $2.5 Billion Over the Next 2 Years
The Legislature’s revenue estimating economists today announced a shortfall of about $1 billion for the coming year and $1.5 billion the following year. Rick Scott continues to rule out tax increases.
Incomes at Their Worst Since 1996, Poverty At a 52-Year High, Inequality Deepening
Florida’s poverty rate rose to the highest level in 16 years, with 3 million residents—one in six—living under the poverty line in 2010. Nationally, most economic and health insurance indicators are worsening to historic levels.
Dim Futures: Florida’s Student-Loan Default Rate Rises to 10 Highest in the Nation
Students are defaulting on loans at higher rates, especially in Florida, because of a lousy job market, higher interest rates, and a rise in for-profit colleges that typically charge more than public colleges.
Pointing to Recession, Floridians’ Consumer Confidence Crashes Again to Near-Record Low
The dramatic decline in consumer confidence is just three points shy of 59, the mark set in June 2008, when the nation was in the midst of the Great Recession. Figures released by the University of Florida’s Bureau of Economic and Business Research.
UF Survey: Political Acrimony and Economic Ills Hurt Real Estate’s Outlook in Florida
The University of Florida’s quarterly Survey of Emerging Market Conditions concludes that economic and political worries are holding back spending, except by foreigners. Tourism is the state’s strongest bright sport.
Fact Check: The Economy By the Numbers
A sobering look at the real economy’s numbers broken down in easy-to-chew bullet points, from national to local numbers. Spam can not included.
Less Dire Than Feared: Economy Adds 117,000 Jobs, Unemployment Falls to 9.1%
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.
Gov. Rick Scott on Impending Federal Government Shutdown: What, Me, Worry?
Rick Scott is unconcerned about the federal shut-down, saying its impact on Florida will be “minimal.” Much of the evidence says otherwise as millions of Floridians’ including Social Security and food stamps recipients, may be affected.
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.