Georgia jobless rate dips to 5.6 percent

Georgia’s unemployment rate dipped from 5.7 percent to 5.6 percent on modest job growth in November, the state labor department said Thursday.

The rate has improved from 6.7 percent in November of last year and has fallen from a recession high of 10.5 percent. It had been above 6 percent from May of 2008 until August. Now, for four months in a row that rate has checked in below 6 percent – so it’s no fluke.

Maybe it’s even a habit.

That would be nice. Even if Georgia’s unemployment rate has been above the national average since October 2007.

Help wanted 2

 

Here’s what is going on:

— Employers are hiring more workers. The number of jobs grew by 3,700 during the month, totaling 4,309,100 in the state.

— There was job growth in professional and business services, construction, education and health, leisure and hospitality and manufacturing.

— Employers laid off more people during the month. New initial claims for unemployment insurance rose 14 percent to 33,773. That is 18 percent higher than in November a year ago.

— Over the past year, the state has added 92,900 jobs. That brought the unemployment rate down from 6.7 percent in November of last year. But Georgia’s rate is still considerably higher than the 5.0 percent national average.

— In perhaps the best sign, the jobless rate dipped even while the number of people in the labor force was going up. During November, the state’s labor force increased by 14,236.

One quibble: despite a good November and a strong October, over the year, the pace of job growth has not been as good as the year before. Looking back at growth, 2014 was a better year than 2013, which was a better year than 2012, which was a better year than 2011, which was better than 2010, which was better than 2009.

And one concern: a historically high number of people who are unemployed have been looking for work a long time. More than 100,000 people in the state — 39 percent of all the officially jobless — have been searching for a job for at least six months.

That does not include people who have given up looking.

 

Reader Comments 0

4 comments
CharlesReed
CharlesReed

The unemployment rate has turned into black people made to defend our on failure to demand that the President help the black economy. One only has to watch the 6:00 and them Boyz in the Hood now coming out the hood to murder people is the only job that paying their bills!


Watch a Tyler Perry movie or the Obama family vacation for the 7th year in Hawaii ain't stop one murder from going down in Atlanta or Chicago!


Has the President spent one day in these black cities ensuring that blacks could live like whites, who are employed at 4% while black males at best in the real world are unemployed at 35% if you count all black eligible men in the unemployment numbers.

As several large cities where the major black population lives are suing the banks for racial discrimination in lending and foreclosing as 3 counties in the Atlanta metro after 7yrs just submitted the same type of suits, but Obama not had the Justice Dept continue with the confess racial abuse of Wells Fargo Bank, as in Baltimore, Memphis and 11 other cities in 2012.

Wells Fargo is walking around free from prosecution because the conflict of interest Eric Holder, looked the other way as his law firm represented this white corporations in Wells and MERS who created forgeries to illegally foreclose on blacks, Hispanic and the Military families. But black folks are just so happy watch Air Force One fly to Hawaii, but tonight on the news how many young black households will spent there 6th & 7th year illegally evicted form their homes ordered by the Federal Government that run by Obama?

Stupid is forever!

irishmafiahigs
irishmafiahigs

The number means almost nothing, if you run out of benefits you are no longer unemployed in these numbers. The better number is the workforce participation rate  those people in the workforce that are actually working even if it's a part time job and they want to work full time , in the low 60% ever since Obama took office and not improving. Historically low ....comparable to when another poor leader ....Jimmy Carter was president