April 2022’s 2.6% Rate Flies in the Face of Recession Signals
Flagler County’s unemployment rate continued its rapid decent, declining to 2.6% in April 2022, down from 3.0% the previous month.
“Despite increasing gas prices, growing inflation, higher interest rates, workforce and supply chain issues, Flagler’s economy continues to create jobs,” said Greg Blosé, President & CEO of the Palm Coast-Flagler Regional Chamber of Commerce. “Nationally, many economists expect a recession in the coming months, but the impacts of a recession on job creation remain to be seen in Florida, as we set our sights on what is expected to be a busy summer travel season.”
The number of Flagler County residents that are employed (either working in this county or another county) increased from 47,625 workers in March 2022 to 47,921 workers in April 2022, an increase of 296.
The number of unemployed job-seeking residents in Flagler County decreased from 1,448 in March 2022 to 1,278 in April 2022, a decline of 170 residents.
The Flagler County labor force continues to grow steadily, remaining above 49,000 residents to 49,199 in April 2022.
Blose continued, “The Chamber will continue to closely monitor the economic headwinds businesses are facing, but what’s clear is both the tourism and construction-related industries have buoyed our local economy.”
For more information, contact Greg Blosé, President and CEO of the Palm Coast-Flagler Regional Chamber, at 386-846-1864 or via email at Greg@PalmCoastFlaglerRegionalChamber.com. Learn more about the Chamber by visiting our website, www.PCFChamber.com