Ga. jobless rate rises for third consecutive month

[private]Georgia’s unemployment continued its recent trend upward, rising for the third month in a row to 5.3 percent in November from October’s level of 5.2 percent, the state Labor Department said.

The national unemployment rate for November was 4.6 percent.

“For the third consecutive month, strong growth in our state’s labor force caused a slight increase in our unemployment rate,” Labor Commissioner Mark Butler said. “However, in those same three months, we’ve seen more than 56,000 people become employed.”

Georgia’s labor participation rate climbed to 62.7 percent in November, the highest point in more than three years — and the first time in four years that the state’s labor participation rate has equaled the national rate. (The participation rate is the percentage of the state’s population 16 years of age or older who are in the labor force.)

The number of jobs in the state grew by 9,900 (0.2 percent) to 4,422,900 in November. Most of the job gains were in professional and business services (8,200 new jobs), manufacturing (3,000), education and health services (2,200), government (1,800), and construction (1,400).

The largest job losses were in trade, transportation and warehousing (4,600 jobs) and information services (1,400).

“Our over-the-year job growth continues to look good, as we have gained 98,700 jobs since November of last year,” Butler said. “That represents a 2.3 percent growth rate, which is significantly higher than the national rate of 1.6 percent.”

© 2016 by The Georgia Report

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Tags: Georgia unemployment rate , Mark Butler