Georgia’s jobless rate slightly down in February

[private]Georgia’s unemployment rate dipped slightly in February to 5.3 percent, which was an improvement over the 5.5 percent rates registered in December and January.

“Our unemployment rate fell as Georgia set new record highs for the number of people employed and for the size of our labor force, which crossed the five-million mark for the first time,” Labor Commissioner Mark Butler said.

“Our employers continued to create jobs at a strong pace and we saw a significant drop in the number of new layoffs,” Butler added.

The national unemployment rate was 4.7 percent in February.

The number of initial claims filed for unemployment insurance benefits decreased by 25,411, or 51.1 percent, to 24,307 in February. About one-quarter of the claims filed were due to temporary layoffs, mostly in manufacturing, the labor department said.

© 2017 by The Georgia Report

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Tags: Georgia unemployment rate , Mark Butler