Some 200 people were added to Flagler’s unemployment rolls but in a sign of continuing health the workforce is expanding and is 1,000 workers larger than a year ago.
palm coast unemployment
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.
The number of unemployed in Flagler county fell sharply in March, from 2,482 to 2,214, a drop of 268, an impressive 11 percent decline, with work activity especially pronounced in construction.
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’s unemployment rate continued to improve in November, falling to 8.2 percent, the fourth successive monthly improvement and the lowest rate since the Great Recession as Florida’s rate, too, fell in November, matching the national rate of 5.8 percent.
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.
Newsweek, with 1.5 million subscribers, is one of Palm Coast Data’s largest accounts. The company landed it less than two years ago, helping it stanch the loss of other titles. Newsweek will end its print publication in December, a move that will again hurt Palm Coast Data’s bottom line.
Palm Coast Data revenue fell to $13.6 million in the quarter ending July 31, compared to $16.5 million a year ago, and $32 million in 2008. Parent-company Amrep Corp. posted its 12th loss of the last 16 quarters.