The September unemployment report due on Oct. 4 was released only at 8:30 this morning, delayed by the 16-day government shutdown. But it could have been predicted, as it follows the pattern of most reports of the past three years: anemic job growth, very slow decline in the unemployment rate, and checkered signs of improvement (or retreat, depending on your point of view) ahead.
unemployment
Palm Coast Data Parent Warns Grimly: Don’t Expect “Profitability in Near Term Or at All”
In the most sobering annual report to investors to date, Palm Coast Data parent Amrep Corp. raises numerous questions about the long-term viability of its operations as debt, recurring losses and competition burden its prospects–and those of what was once Palm Coast’s largest private employer.
Aveo Engineering Set to Sign 40-Year Lease for Flagler County Airport Sites
Aveo Engineering, which plans to hire some 300 people by 2016, will pay $1,089 a month per acre, and intends to build two structures on up to a dozen acres at the south end of the airport, including a design and manufacturing plant.
Unemployment Rate Ticks Down to 7.3% But Job Creation Is a Hazy 162,000
The 7.3 percent unemployment rate for August is the lowest rate since December 2008, but job creation remains anemic, and June and July figures were revised downward by 74,000 jobs. The economy is still generating barely half the jobs necessary to return to pre-recession health.
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.
We’re the Most Educated Young Adults in American History, Yet Many of Us Can’t Find Work
What happens when we can’t find work and can’t pay our loans, asks Colleen Teubner. We invest about four years of our lives and up to hundreds of thousands of dollars in our education, and then spend the next decade trying to get out of ever-increasing debt.
Again in Flagler, Gov. Scott Headlines Aveo Co.’s 300-Jobs Groundbreaking at Airport
If the 300 promised jobs are produced, landing Aveo Engineering in Flagler County will prove to be the largest single gain of private-employer jobs in memory, and an unqualified success for the county administration’s new economic development department under Helga van Eckert. But the company is getting generous incentives beyond the $150,000 in cash for jobs retained.
Flagler’s Unemployment Back in Double Digits While Florida’s Stalls at 7.1%, Mirroring U.S.
Flagler County’s unemployment rate shot back up to 10.2 percent as 830 fewer people had jobs, one of the sharpest drops of the year, though seasonal fluctuations account for much of that drop. Florida added just 2,300 private sector jobs.
Despite Adding 600,000 Jobs in 3 Months, U.S. Unemployment Remains at 7.6%
The U.S. economy added 195,000 jobs in June, and revised numbers increased April’s and May’s totals by 70,000 for a combined three-month job creation of nearly 600,000 jobs, but the unemployment rate remained at 7.6 percent, only 0.6 percent lower than it was a year ago.
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.
Flagler Unemployment Ticks Up to 9.5% and Florida Sees Net Loss of 6,200 Jobs
Flagler County’s and Florida’s jobs picture in May reflected the nation’s as the economy appears to sputter more than to gain momentum, though longer-term trends remain encouraging, including a 2 percent jump in Flagler’s labor force over the month.
It’s On Again: Amazon Pitches 3,000 Jobs to Florida. Gov. Scott Mulls Over Tax Implications
A month after an announcement that plans had been scrapped for Internet retailing giant Amazon to build at least one warehouse in Florida, Gov. Rick Scott’s office Thursday said a deal is again in the works.
Flagler’s Jobless Rate Drops to 9.3% as Local Employment Grows; Florida’s Falls to 7.2%
Florida’s unemployment rate fell sharply from the previous month, to 7.2 percent in April, as 17,000 jobs were created statewide, bringing the unemployment rate to its healthiest level since September 2008, when it was 7 percent. It also brings Florida’s rate below the national rate of 7.5 percent. In Flagler County, the rate fell two decimal points, to 9.3 percent, spurred by growth both in jobs and in the local labor force.
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.
Milestone: Flagler’s Unemployment in Single-Digits, at 9.5%, for 1st Time in 5 Years
For the first time since June 2008–almost five years–Flagler County’s unemployment has fallen back to single digits, registering 9.5 percent in March as the local economy continued to mirror the state’s and the nation’s, improving slowly but steadily.
Economy Adds Just 88,000 Jobs as Unemployment Rate Falls to 7.6%
The March unemployment rate of 7.6 percent is the lowest in almost four and a half years, but despite adding half a million jobs in the last three months, the economy is showing worrisome signs of slowdown again from austerity at home and recessions abroad.
Daytona State Hires Point Man for Federal Jobs-Training Program Combatting Outsourcing
Randall White is the new project manager of Daytona State College’s federally funded Trade Adjustment Assistance Community College Career Training initiative, designed to help retrain those losing work to outsourcing.
Flagler’s 10.3% Unemployment Is Lowest Since August 2008, Florida’s Matches 7.7% U.S. Rate
Flagler County’s unemployment rate fell sharply in February, to 10.3 percent–from 11 percent the previous month–and matched its lowest level since August 2008. Florida’s unemployment rate also continued to fall, matching the national rate, at 7.7 percent, in February while adding 7,800 jobs. Flagler continues to rank among the counties with the highest unemployment rate, […]
As Obamanomics Trickles Down, Florida’s Unemployment Rate Drops But Flagler’s Lags
Though improving, Florida’s unemployment rate is still 33rd out of the 50 states, while Flagler’s, at 11 percent, remains the second-worst in the state, after Hendry’s 11.4 percent.
U.S. Economy Adds 236,000 Jobs as Unemployment Falls to 7.7%, a 4-Year Low
The last time national unemployment clocked in at 7.7 percent was in December 2008, before Barack Obama was president. It did so again in February as the economy added 236,000 jobs, totaling just over 1 million jobs in the last six months. Most sectors gained, including construction and manufacturing.
U.S. Economy Adds 600,000 Jobs in 3 Months, But Unemployment Edges Up to 7.9%
The nation’s economy added 157,000 jobs in January, and revisions to November and December figures added 127,000 jobs to previous calculations, for a total of 600,000 new jobs in the last three months. Still, the unemployment rate went up a fraction, to 7.9 percent: job growth hasn’t been robust enough to go beyond the natural growth in the workforce.
Unemployment Rates in Flagler and Florida Improve Even as 15,300 Fewer Have Jobs
Unemployment in December fell to 8 percent in Florida and 11.2 percent in Flagler County, lowest in four years, yet Florida lost more than 15,000 jobs, and Flagler lost 76, as the weak recovery combines with harsher rules discouraging workers from seeking unemployment benefits or staying in the labor force.
In Latest Obstacle to Jobless Benefits, Florida Moves to Computer-Only System
Between Aug. 1 and Oct. 31, nearly 140,000 Floridians were denied benefits, more than double the rate of the same period a year earlier as eligibility requirements have been tightened and obstacles to get unemployment have multiplied.
Florida’s Minimum Wage Rising by 12 Cents, to $7.79/hr, on Jan. 1
Florida’s minimum wage on Jan. 1 will increase 12 cents to $7.79 an hour for the estimated 210,000 minimum wage workers across the state, in line with a 2004 constitutional amendment requiring the annual adjustment.
Carrabba’s Opens In Palm Coast, Edging the City’s Economic Center of Gravity a Little North
Palm Coast’s Carrabba’s, the Italian restaurant, will add some local 82 jobs and further solidify economic growth along Cypress Edge Drive, while Town Center continues to wait for its equivalent day in the sun.
Unemployment Drops Sharply in Flagler, to 11.3%, as State and U.S. Trends Also Improve
Flagler County’s unemployment rate in September dropped sharply to 11.3 percent, from a revised 12 percent in August, as improving economies statewide and in the country continue to to trickle down. Flagler’s 11.3 percent rate is the lowest in four years: it was last at 11.3 in November 2008.
Crucial Jobs Report Gives Obama a Boost as Unemployment Falls to 7.8%, Lowest in 4 Years
The national unemployment rate fell to 7.8 percent in September, its lowest level since President Obama’s inauguration in January 2009, as the economy added 114,000 jobs in September, and revised figures for the previous two months boosted those totals by 86,000 jobs. In the last three months, the economy has added 434,000 jobs.
No Bounce: Economy Adds Only 96,000 Jobs in August as Unemployment Drops to 8.1%
The national economy added a meager 96,000 jobs in August, and the previous two months’ total was revised downward by 41,000 jobs. Nevertheless the unemployment rate edged down to 8.1 percent, from 8.3 percent, as the employment picture continues to zigzag between hope and anemia.
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.
Skirting Landon’s Flogging of Cline Construction, Palm Coast Awards New Contract
The Palm Coast City Council awarded S.E. Cline Construction a $208,000 contract to build a water-control structure a week after City Manager Jim Landon argued to the council, harshly and publicly, that Cline was falling down on the job.
Unemployment Rises Again, to 8.8% in Florida And 12.7% in Flagler, Clouding Recovery
After falling steadily by 2.1 percentage points over the past year and holding steady at 8.6 percent in June, Florida’s unemployment rate ticked back up to 8.8 percent in July, and there was a net job loss of 3,300 in the state.
Walmart at 50: Gutting the Middle Class 1 Small Business and Manufacturing Job at a Time
Walmart’s 50th anniversary caps a 150year stretch when the number of independent retailers fell by over 60,000, and when, between 2001 and 2007, some 40,000 U.S. factories closed, eliminating millions of jobs.
U.S. Economy Adds Just 80,000 Jobs In June as Unemployment Stagnates at 8.2%
The national economy added percent for the third most 80,000 jobs in June, keeping the unemployment rate stuck at 8.2 percent for the third month in a row.
Maintaining Momentum, Economy Adds 223,000 Jobs; Unemployment Stays at 8.3%
The U.S. economy is maintaining its job-creation momentum, adding 223,000 jobs in January, and revising upward previous job-creation figures for December and January by 61,000 jobs. Over the past three months, the economy added 730,000 jobs.
“Hire a Hero” Program Designed to Spur Hiring of Veterans in Palm Coast and Flagler County
The Palm Coast Business Assistance Center and the Flagler County Chamber of Commerce are partnering to implement a new “Hire a Hero‟ program to encourage local businesses to employ local veterans and to guide new applicants through the intricate hiring process.
Bill To Ban Internet Cafes Advances in Florida Legislature as Opponents Call It a Job Killer
A House panel Today approved a proposal to shutter the 1,000-some Internet cafés that have opened in shopping centers across the state in recent years, including nearly a dozen in Palm Coast.
Unemployment Falls to 8.5%, Lowest Level in Almost 3 Years, as 200,000 Jobs Are Created
The decline in unemployment, a boon to Obama’s reelection hopes, was the result of actual job creation, rather than a reduction in labor force participation.
Bleak Houses: Hiring Discrimination and Distress Darkening Holidays for Millions
A report documents the boiling frustration, despair, and economic uncertainty that unemployed and under-employed Americans face this holiday season, which could get worse if Congress doesn’t extend federal unemployment aid by month’s end.
Unemployment Drops Sharply to 8.6%, Lowest Since March 2009, But Labor Pool Shrinks
The economy added 430,000 jobs in the last three months, including 120,000 in October, brightening what until now had been anemic prospects for a sustained recovery–and brightening Obama’s re-election prospects.
Unemployment Dips to 9%, Job Creation at 80,000, Private Sector Getting Stronger
The U.S. unemployment rate dropped to 9 percent, the first drop in three months, as 80,000 jobs were created in October and figures for August and September were revised upward, adding 102,000 jobs to previous totals.
A Shade Less Than Dire, Unemployment Holds Again at 9.1% as 103,000 Jobs Are Added
July and August figures were revised upward for a net addition of 287,000 jobs over the last three month, still far short of what the economy needs to be healthy, or to bring the unemployment rate down.
Obama’s Job Creation Record: Millions Created or Saved, Still Too Few to Overcome Crisis
While the $825 billion stimulus raised employment from at least 1 million to 3.3 million people and significantly softened the recession, subsequent cutbacks at all level of governments reversed the gains and prevented a sustained recovery.
Stalled: Unemployment Remains at 10.7% in Florida, Ticks Up to 14.9% in Flagler
As in the rest of the nation, job creation in Florida and Flagler is close to a standstill, with just 9,900 jobs created in July, leaving almost 1 million Floridians out of work.
Obama’s Job Gig: Pin-Up to GOP Voodoo
What jobs program? Obama’s surrender to stimulus by tax cuts is another concession to bully superstitions. Obama has lost credibility. He’s lost respect. He’s losing the nation right along with him.
Zero Job Creation in August as Economy, Recession-Bound, Posts Year’s Worst Showing
Even as the unemployment rate remained at 9.1 percent, job creation stalled in August, and was revised downward in June and July, signaling a recession.
Texas-Size Holes in Gov. Rick Scott’s Boast Of Florida Job Creation as 2nd to Texas
Rick Scott called the rest of the nation’s job numbers “pathetic” compared to Florida’s, yet Florida ranks near the bottom in the nation on Gallup’s index of job creation, while its 70,000 new jobs in the past year proportionally rank the state below the national average.
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.
Taking Note of Flagler, Gov. Rick Scott Speaks Economics and Listens to Local Leaders
Gov. Rick Scott arrived early at a breakfast meeting with government and business leaders this morning, briefing the group on his business-centered agenda while holding an informal Q&A with the assembly.
Taxes, the Economy, the Stimulus: Separating Fiction from Fact
Answers to recurring questions of the day: what’s the state of the economy, are Americans really as overtaxed as they think they are, and what has the 2009 economic stimulus accomplished–or not?
When France Has a Better Credit Rating Than the United States
What does it mean to the United States when France and Britain are considered safer destinations for investors by credit rating agencies such as Standard & Poor? It shouldn’t mean much. But it’s not always about what’s rational.