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Georgia’s unemployment rate declines

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Georgia’s unemployment rate declines to 7.7 percent in November; Lowest rate in five years

ATLANTA – The Georgia Department of Labor announced today that 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 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.

“The rate is down because of strong job growth and a very good drop in new claims for unemployment insurance benefits,” said State Labor Commissioner Mark Butler. “The number of new jobs is the best October to November growth since 2007 and the number of new claims is the lowest for any month since September 2007. Both of these numbers pre-date the recession.”

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
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