The economy added 103,000 jobs in December, but the falling unemployment rate masks persistently bad numbers for the long-term unemployed, including 2.6 million workers no longer counted in the unemployment rate.
Just as Congress sent an $801 billion tax cut package that includes $57 billion in extended unemployment benefits, Florida’s and Flagler’s unemployment rates resume their climb. That climb should be brief, however.
When it comes to anger, greed, laziness, pride, lust, jealousy and, of course, gluttony, there’s no beating the boss: Florida State University researchers are documenting the toxic effects of lousy supervisors on their workers.
Temporary workers lost jobs in droves and the previous month’s stronger job gains did not hold up, sending the unemployment rate to its highest level since last December. GOP lawmakers continue blocking extensions of unemployment benefits.
Dubbed “Project Iceman,” the deal calls for at least a $49 million investment and average wages of $34,500, though the fine print reveals exclusive perks and secrecy provisions that prevent public scrutiny of the deal’s implementation.
Flagler County’s unemployment fell only because the labor force is shrinking faster than jobs. But the county still lost jobs in September, and Palm Coast still tops the state’s metropolitan unemployment rates.
The unexpectedly large job increase was also accompanied by revised and much smaller job losses in August and September, suggesting a stronger turn-around for the economy as a whole.
With 1.1 million people out of work, unemployment in Florida inched up by a decimal point, and down by a decimal point in Flagler. Some 11,100 jobs were lost in the state in September.
Economists had expected a loss of only a few thousand jobs. The September figures, led by government job declines, are in line with a continuing trend downward in Florida.
A sales tax increase to fund economic development may still be discussed, but its chances of being enacted any time soon are slim to none. Governments want to talk.