Seasonal Workforce decline, moderate job loss drive change
Flagler County’s unemployment rate in January 2022 was 3.9%, an 0.8% increase from the revised 3.1% December 2021 report, based on the latest data release from the Florida Department of Economic Opportunity (DEO).
Also according to DEO, Flagler County employment declined from 47,329 workers in December 2021 to 47,116 workers in January 2022, a decrease of 213 jobs.
The number of unemployed job-seeking residents in Flagler County increased from 1,504 in December 2021 to 1,900 in January 2022, an increase of 396 residents. In total, the Flagler County labor force increased from 48,333 residents in December 2021 to 49,016 residents in January 2022.
Greg Blosé, President & CEO of the Palm Coast-Flagler Regional Chamber of Commerce, says this is typical of the annual January jobs report: “The end of the holiday shopping season brings to a close hundreds of seasonal jobs for local retailers. It’s also worth noting at this time last year, Flagler County had an unemployment rate that was higher than 5%. In the grand scheme of things, we are still heading in the right direction.”
Next week the February 2022 employment data will be released and will shed more light on our local job market.
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.
NOTE TO THE PUBLIC: Every March, the U.S. Department of Labor’s Bureau of Labor Statistics and the Florida Department of Economic Opportunity release January employment and unemployment estimates as well as revised historical data. Today’s report is the result of that annual process, which is known as “benchmarking.” Benchmark revisions are a standard part of the estimation process and take place at this time every year in each state nationwide. As a result of this annual benchmarking process, the release of January and February 2022 employment data is scheduled for March 14 and March 25, respectively.