Georgia’s Unemployment Rate Drops to 8.5 percent in November

Walton County's rate represents a net decrease in first-time unemployment claims of 5.4 percent over the year. Gwinnett County's firs-time unemployment claims dropped by 13.4 percent.

The Georgia Department of Labor announced today that Georgia’s seasonally adjusted unemployment rate declined to 8.5 percent in November, down two-tenths of a percentage point from 8.7 percent in October. The rate was 9.5 percent in November a year ago.

In Walton County, 315 first-time unemployment insurance claims were filed in November 2012, down from 397 filed in October 2012 and 18 less than were filed in November 2011, which had 333 first-time unemployment insurance claims filed. Over the year, this is a net decrease of 5.4 percent. In Gwinnett County, 2,573 first-time claims were filed in November 2012, down from 2,739 the month before and 399 less than the 2,972 first-time claims filed in November 2011. This represents a decline of 13.4 percent of first time claims over the year.

“This is the lowest state unemployment rate in nearly four years, since it was 8.5 percent in January 2009,” said State Labor Commissioner Mark Butler, in a press release. “Once again, the rate dropped because of continued job growth and fewer new layoffs.”

The number of jobs increased to 3,984,000, up by 9,600, or two-tenths of a percentage point, from 3,974,400 in October. The monthly growth came mostly in trade, transportation, and warehousing, up 12,400; educational services, up 1,700; information services, up 1,600; local government, up 1,300; financial services, up 1,200; and manufacturing, up 600. The overall job growth was strong enough to offset some losses in some sectors. Construction was down 4,000; leisure and hospitality, down 2,700; professional and business services, down 2,100; and other services, down 1,100.

Over-the-year growth remains consistent, showing an increase of 61,900 jobs since November 2011. The growth was primarily in professional and business services, up 20,100; trade, transportation, and warehousing, up 15,800; manufacturing, up 12,200; education and health care, up 11,700; leisure and hospitality, up 6,800; and information services, up 5,000.

“I am encouraged by the continuing growth in the number of manufacturing jobs in Georgia,” said Gov. Nathan Deal. “This is a result of focusing on a pro-business environment and working closely with Georgia employers to help them grow their businesses, while actively recruiting new industry to our state.”

The number of initial unemployment insurance claims declined to 47,351, down by 4,114, or 8.0 percent, from 51,495 in October. This is the lowest number of claims for November in seven years. And, the number of initial claims was down over the year, dropping by 10,222, or 17.8 percent, from 57,573 in November 2011. Most of the over-the-year decline came in manufacturing, construction, administrative and support services and trade.

The number of long-term unemployed workers declined to its lowest level in 32 months, dropping 4,100 from October to 202,600 in November. The long-term unemployed—those out of work for more than 26 weeks—make up 49.5 percent of those unemployed in Georgia.

Georgia’s labor force continues to grow, reaching 4,800,345 in November, its highest level since February 2009. The labor force was up by 7,101 from 4,793,244 in October.  The state’s workforce totaled 4,735,411 in November 2011.

Tammy Osier December 21, 2012 at 03:32 PM
Amy, he's right. I'd like to know the answer to that one too.
Amy December 21, 2012 at 04:16 PM
I don't know anyone who's dropped out of the workforce altogether. I suppose there are people who are independently wealthy, and have probably saved some money to support themselves after dropping out. Can you tell me where you've found this information? I don't believe it.
Thad December 21, 2012 at 05:00 PM
From the US Labor Stats.
Amy December 21, 2012 at 06:27 PM
Not so fast Thad. The US Labor Stats. you'd retrieved your information from is actually Peter Ferrara, a contributer to Forbes magazine online. That article was posted 10/11/2012 @ 8:51AM. 46,056 views (I suppose 46,055 views were by you). "Moreover, even this doesn’t nearly fully account for the 8.2 million Americans who have given up hope during the Obama term of office, and dropped out of the work force altogether. When you are considered out of the work force, you are no longer counted as unemployed, even though you still do not have a job, and you still want and are available for work." Now, Mr. Ferrara didn't cite his sources for these numbers, so I'll have to assume he just arbitrarily picked numbers out of his...out of the air and fancied it up for the gullible to repeat to other gullible clowns.


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