Flagler Unemployment Stable at 5.5%, But Underlying Trends Mirror Sharp Decline in Consumer Confidence

Flagler Unemployment Stable at 5.5%, But Underlying Trends Mirror Sharp Decline in Consumer Confidence

Flagler County’s unemployment rate remained stable at 5.6 percent in July, just a fraction higher than June’s 5.5 percent rate, but still significantly higher than in the last two years as labor force growth has stalled, pushing school enrollment down. Home sales recorded their best month in three years but the median price, flat for five years, has also lost value due to inflation. Consumer confidence is falling sharply. The post Flagler Unempl…