Posted: Thursday, September 26th 2013 at 5:12am
NE Georgia's unemployment rate drops to 7.3 percent in August
ATLANTA – The Georgia Department of Labor announced Thursday that the unemployment rate in the Northeast Georgia region decreased to 7.3 percent in August, down nine-tenths of a percentage point from 8.2 percent in July. The rate was also 8.2 percent in August a year ago.
The rate dropped because there was a significant reduction in layoffs. There were 1,779 new layoffs, represented by initial claims for unemployment insurance, which are 968, or 35.2 percent, fewer than the 2,747 in July. Much of the decline came in manufacturing, with additional reductions in administrative and support services, trade, transportation and warehousing, health care and social assistance, and accommodations and food services.
Over-the-year, the number of initial claims was down by 603, or 25.3 percent, from 2,382 in August 2012. Reductions were mostly in construction, manufacturing, trade, transportation and warehousing, educational services, and health care and social assistance.
The labor force, which is the number of people employed plus those unemployed but actively looking for work, declined by 5,007 to 295,135 in August, down from 300,142 in July. And, it was also down by 1,431 from 296,566 in August 2012.
Metro Athens had the lowest area jobless rate at 6.1 percent, while the Heart of Georgia-Altamaha region had the highest at 11.9 percent.
Metro Gainesville’s unemployment rate decreased to 6.6 percent in August, down nine-tenths of a percentage point from 7.5 percent in July. The rate was also 7.5 percent in August a year ago.
Meanwhile, Georgia’s seasonally adjusted unemployment rate for August was 8.7 percent, down from 8.8 percent in July. The rate was 9.0 percent in August a year ago.
Local area unemployment data are not seasonally adjusted. Georgia labor market data are available at www.dol.state.ga.us
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