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UNEMPLOYMENT DECLINES IN GEORGIA FOR MARCH

Written by Matt Davis on April 20, 2017. Posted in News/Weather

The Georgia Department of Labor has reported that the state’s seasonally-adjusted unemployment rate dropped to 5.1 percent last month, down from 5.3 percent in February and from 5.5 percent in March 2016.  This is the lowest that the rate has been since December 2007, the beginning of the Great Recession.

State Labor Commissioner Mark Butler says that the rate declined as more jobseekers found gainful employment and employers created new jobs.

The 9,500 new jobs in Georgia for the month of March marked a .2 percent growth rate over February and increased the total job count to 4,466,100.  Over the year, jobs were up by 131,000 for a three percent growth rate over March 2016.

Butler attests that the over-the-year job growth last month was the best for that period since 2000.

In Metro Rome, jobs were up by 1,100, or 2.7 percent, over the year to 41,300 in March 2017.

First-time claims for unemployment insurance benefits, a measure of new layoffs, rose by 712, or 2.9 percent, over the month to 25,019 in March.  Claims were down over the year by 2,963, or 10.6 percent, from 27,982 in March 2016.

In Metro Rome, initial UI claims were down over the year by 230, or 44.9 percent, to 282 in March 2017.

Connect with the Georgia Department of Labor online for additional labor market data, career opportunties and other GDOL services for job seekers at www.dol.georgia.gov.

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