Year-over-year data shows positive local economic growth
Flagler County’s unemployment rate remained stable at 3.2%, according to the November 2022 data release from the Florida Department of Economic Opportunity.
“I’m happy to see the unemployment rate continue to hold steady,” said Greg Blosé, President & CEO of the Palm Coast-Flagler Regional Chamber of Commerce. “With all the negative national economic news, each month we receive a low unemployment report, the better it is for Flagler County residents and businesses alike.”
Blosé continued, “Looking back at the data from November 2021, we see the following trends:
- The number of residents that are employed has risen by approximately 2,000 residents,
- Our workforce has grown by approximately 2,000 residents, and
- There are 100 fewer residents receiving unemployment benefits than we see today.
Overall, Flagler County’s economy remains strong, though the Chamber does expect some job loss to occur after the holiday shopping season concludes.”
The number of Flagler County residents that are employed (either working in this county or another county) decreased from 49,318 workers in October 2022 to 49,079 in November 2022, a decline of 239 residents.
The number of unemployed job-seeking residents in Flagler County remained steady at 1,597 in November 2022, a decrease of two residents from last month’s report.
The Flagler County labor force slightly declined to 50,676 residents in October 2022.
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