Latest local Labor Force Data released by the US Census Bureau this morning.
Wicomico has 132 fewer workers this year as compared to the same period last year - (08/12 verses 08/11). Even though the unemployment rate has declined in Wicomico from 8.8% to 8.2% - the real indicator points to the fact that those receiving umemployment checks have now exhausted their benefits and still not found jobs.
This is a very alarming indicator as Wicomico's population growth has historically been approxmately 1% per annum or increased by about 992 people per year. (Reference US Census Bureau 2011 Population estimate - http://quickfacts.census.gov/qfd/states/24/24045.html)
Bottom line - the income tax collections - (Federal, State, Local) - will most likely be down as a result of a continuing sagging economy. The fact is - Wicomico County is continuing to experience a loss of jobs and the job growth continues in a negative direction.
I am not making this stuff up - as the statistics shown in the attachment above are the actual statistics that have been extracted from the US Census Bureau data base for Wicomico County.