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State's unemployment rate lowest in 5 years

2:26 AM, Dec 19, 2013   |    comments
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ATLANTA -- Georgia's seasonally adjusted unemployment rate decreased to 7.7 percent in November, its lowest point since November 2008, when it was 7.6 percent.

The Georgia Department of Labor said the rate is down four-tenths of a percentage point from 8.1 percent in October and a full percentage point from 8.7 percent in November a year ago.

Labor Commissioner Mark Butler said the rate is down because of strong job growth and a very good drop in new claims for unemployment insurance benefits.

The number of jobs increased by 19,500, or 0.5 percent, from 4,076,000 in October to 4,095,500 in November, the most jobs in Georgia since September 2008. Growth came mostly in trade, transportation and warehousing with 14,700 new jobs. Government added 2,000; financial services, 1,700; construction and education and health care, 1,500 each; manufacturing, 1,000; and information services, 900, along with 100 in other services.

Over-the year, Georgia gained 91,200 jobs, or 2.3 percent, since November 2012 when there were 4,004,300 jobs.

 

Georgia Department of Labor

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