The number of people holding jobs remains 12.9 million (or 8.4 percent) below February’s level. The current unemployment rate is 6.7 percentage points above that of February.
The number of unemployed fell from 6,100 in May to 4,371 in June in Flagler, pointing to a substantial rebound, though the surge in Covid-19 cases statewide and in Flagler since the June 5 Phase 2 reopening is casting doubt on the extent of the recovery.
In April, the number of jobless Flagler County residents was at 6,795, a number never seen in Flagler’s or Palm Coast’s history. The figure is an undercount: many more have filed for unemployment since, according to weekly initial claims.
The April figures are an undercount, as they represent only a partial survey of actual job losses in April. Those losses are closer to 30 million or more, according to the cumulative total of first-time unemployment claims filed over the past few weeks.
The total number of first-time claims filed in Florida since the start of the coronavirus emergency totals 1.6 million in a civilian labor force of 10.5 million, placing the state’s unemployment rate at over 15 percent.
More than one in 10 new jobless claims–505,137 first-time applications of the 4.4 million new claims–across the United States last week were made to Florida’s overwhelmed unemployment system.
In Florida, the last four weeks of claims totals 652,000 which, combined with 291,000 unemployed Floridians before the crisis–a five-decade low–approaches 1 million unemployed, placing the state’s current unemployment rate at around 9 percent and doubling Flagler’s unemployment rolls, past 4,000.
Initial unemployment claims totaled 6.6 million for the week ending April 4 across the nation, and 169,885 in Florida. In the last three weeks, initial claims have totaled 16.8 million in a labor force of 163 million. That equates to an unemployment rate of 10.3 percent, a rate never reached during the Great Recession.
Hundreds of call center operators are being rushed through training, paper applications are being made available and dozens of computer servers were brought from Orlando over the weekend to boost the online system’s capacity.
The longest economic expansion on record, a 113-month streak that netted 22 million jobs between October 2010 and February 2020, is over. The economy shed 701,000 jobs in March and the number of unemployed persons grew by 1.4 million.