State’s jobless rate dips to 4.9% in May

[private]Georgia’s unemployment rate dipped slightly in May to 4.9 percent, the state’s lowest jobless number since October 2007.

It marked the fourth month of declines in a row for the unemployment rate. The national rate for May was little changed at 4.3 percent.

The number of Georgians who were employed in May set a record at 4,788,627, according to the state labor department. Over the last 12 months, Georgia gained a total of 103,100 jobs, a 2.4 percent growth rate over the 4,362,200 in May 2016.

“It’s a testament to the attractiveness of Georgia’s job market when we continue to see more and more individuals enter and re-enter the job market and find employment,” Labor Commissioner Mark Butler said.

The number of initial claims filed for unemployment insurance, which is a measure of new layoffs, increased by 3,234 (14.9 percent) to 24,867.

Most of the increase came in wholesale and retail trade, health care and social assistance, accommodations and food services, finance and insurance and professional, scientific and technical services, the labor department said.

© 2017 by The Georgia Report

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Tags: Georgia unemployment rate , Mark Butler