Jobless rate continues to increase in Georgia

[private]Georgia’s unemployment rate continued its upward trend in December, increasing for the fourth month in a row to 5.4 percent from the 5.3 percent level in November.

While the number of jobs in the state grew by 5,900, the number of new layoffs also increased.

“We did see an increase in new layoffs, but many of them were seasonal and temporary,” Labor Commissioner Mark Butler said.

“Jobseekers continue to join the labor force amid a growing level of confidence that they’ll be able to get a job and we’re seeing more people move to Georgia,” Butler said. “While those jobseekers are searching for work, they’re counted as unemployed, which often leads to a slightly higher unemployment rate.”

Job gains in Georgia were seen in professional and business services (5,400 jobs), trade, transportation and warehousing (3,400), and state and local government (3,000).

On the other hand, there was a loss of 1,100 jobs in construction and manufacturing, which the labor department attributed to seasonal layoffs.

The number of initial claims filed for unemployment insurance benefits increased by 5,123 (18.7 percent) to 32,557 in December. Most of the increase was in manufacturing and construction, accommodations and food services, and administrative and support services.

The national unemployment rate was 4.7 percent in December.

© 2017 by The Georgia Report

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Tags: Georgia unemployment rate , Mark Butler