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’s unemployment rate is at a healthy 4.1 percent, where it’s been, give or take a few decimal points, for seven months, with the state’s unemployment mirroring the holding pattern.
Flagler County’s labor force has grown by 42 percent since the recovery began in 2010, and more impressively, the rate of people holding jobs has grown 63 percent, by a net 17,500 people.
Flagler, St. Johns, Duval and Volusia all saw unemployment figures increase by 0.5 to 06 percent in January, with Flagler’s increase also due to a larger labor force.
Wages increased solidly for the second month, improving by 9 cents an hour after an 11-cent increase in December, but still barely ahead of inflation.
Flagler County’s unemployment rate in December fell to 4 percent, down from a revised 4.3 percent, and was down a healthy 1.4 points for the year.
In essence, the state saw little negative effect from Hurricane Irma despite its severity and the disruptions it spread over Florida.
Flagler’s sharp drop is even more remarkable for taking place during a month that saw Hurricane Irma cut across the region, severing power, work schedules and routines for almost 10 days.
Nevertheless the unemployment rate fell to 4.2 percent, a rate not seen since February 2001–lower than the lowest rate reached before the Great Recession.
Where it matters most, in wages, workers are not seeing improvements even as the economy recorded its 83rd straight month of job growth. Corporate profits remain healthy.