Georgia unemployment rises for second consecutive month

[private]The state’s jobless rate increased to 5.2 percent in October compared to 5.1 percent in September, the second month in a row it was ticked upward.

“The rate increased slightly as our labor force grew by 27,795 as more jobseekers began looking for work in October,” Labor Commissioner Mark Butler said. “Since some new jobseekers won’t land a job immediately, they are counted as unemployed, which can result in a rate increase.”

The number of Georgia jobs increased by 6,700 (0.2 percent) to 4,410,300 in October, according to the Labor Department.

Most of the gains were in professional and business services (4,400 jobs), financial activities (1,800), information services (1,700), and education and health services (1,000). The gains were offset by losses in leisure and hospitality, 1,600, and other services, 1,100.

The initial claims filed for unemployment insurance benefits increased by 4,952, or 20.3 percent, to 29,355 in October.

Most of the claims were filed in manufacturing, administrative and support services, health care and social assistance, accommodations and food services and retail trade, the Labor Department said. For the past 12 months, claims decreased by 274, or 0.9 percent, from 29,629 in October 2015.

The national unemployment rate was 4.9 percent in October.

© 2016 by The Georgia Report


Tags: Georgia unemployment , Mark Butler