UNEMPLOYMENT DOWN SLIGHTLY IN GEORGIA
The Georgia Department of Labor has reported that Georgia’s seasonally adjusted unemployment rate increased to 8.6 percent in December, up from 8.5 percent in November. The state’s jobless rate stood at 9.4 percent in December 2011.
State Labor Commissioner Mark Butler says that the state’s unemployment rate went down slightly in spite of modest job losses from November to December.
While the number of jobs decreased by 400 to 3,985,800 in December, it rose by 70,200, or 1.8 percent, from 3,915,600 in December 2011. The majority of the over-the-year job growth came in professional and business services by 26,000, trade, transportation and warehousing by 17,300, education and health care by 12,700, leisure and hospitality by 12,100 and manufacturing by 11,800.
In Metro Rome, jobs were up by 300, or .8 percent, from 37,200 in December 2011 to 37,500 in December 2012.
The number of initial claims for unemployment insurance benefits in Georgia increased to 50,861, up by 3,510, or 7.4 percent, from 47,351 in November. Most of the increase came in manufacturing, wholesale trade, and administrative and support services. However, the number of initial claims was down by 12,853, or 20.2 percent, over the year, dropping from 63,714 in December 2011. The majority of the over-the-year decline came in accommodations and food services, manufacturing, administrative and support services, construction and retail trade.
Initial UI claims were down in metro Rome by 485, or 37.4 percent, from 1,297 in December 2011 to 812 in December 2012.
Georgia’s labor force grew by 4,159, reaching 4,804,459 in December, its highest level since February 2009. The labor force has grown by 64,384, or 1.4 percent, from 4,740,075 in December 2011.
The number of long-term unemployed workers declined by 7,600 to 195,000 in December, its lowest level in 34 months. The long-term unemployed, those out of work for more than 26 weeks, make up 47.1 percent of unemployed Georgians.
Take a look at Georgia labor market data and learn about job search assistance from the Georgia Department of Labor online at www.dol.state.ga.us.
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