Georgia’s Unemployment Rate Declines To 8.5 Percent In November

Lowest State Unemployment Rate In Almost 4 Years

Thursday, December 20, 2012

The Georgia Department of Labor announced Thursday that Georgia’s seasonally adjusted unemployment rate declined to 8.5 percent in November, down two-tenths of a percentage point from 8.7 percent in October. The rate was 9.5 percent in November a year ago.

“This is the lowest state unemployment rate in nearly four years, since it was 8.5 percent in January 2009,” said State Labor Commissioner Mark Butler.  “Once again, the rate dropped because of continued job growth and fewer new layoffs.”

The number of jobs increased to 3,984,000, up by 9,600, or two-tenths of a percentage point, from 3,974,400 in October. The monthly growth came mostly in trade, transportation, and warehousing, up 12,400; educational services, up 1,700; information services, up 1,600; local government, up 1,300; financial services, up 1,200; and manufacturing, up 600. The overall job growth was strong enough to offset some losses in some sectors. Construction was down 4,000; leisure and hospitality, down 2,700; professional and business services, down 2,100; and other services, down 1,100.

Over-the-year growth remains consistent, showing an increase of 61,900 jobs since November 2011. The growth was primarily in professional and business services, up 20,100; trade, transportation, and warehousing, up 15,800; manufacturing, up 12,200; education and health care, up 11,700; leisure and hospitality, up 6,800; and information services, up 5,000.

“I am encouraged by the continuing growth in the number of manufacturing jobs in Georgia,” said Governor Nathan Deal. “This is a result of focusing on a pro-business environment and working closely with Georgia employers to help them grow their businesses, while actively recruiting new industry to our state.”

The number of initial unemployment insurance claims declined to 47,351, down by 4,114, or 8.0 percent, from 51,495 in October. This is the lowest number of claims for November in seven years. And, the number of initial claims was down over the year, dropping by 10,222, or 17.8 percent, from 57,573 in November 2011. Most of the over-the-year decline came in manufacturing, construction, administrative and support services and trade.

The number of long-term unemployed workers declined to its lowest level in 32 months, dropping 4,100 from October to 202,600 in November. The long-term unemployed—those out of work for more than 26 weeks—make up 49.5 percent of those unemployed in Georgia.

Georgia’s labor force continues to grow, reaching 4,800,345 in November, its highest level since February 2009. The labor force was up by 7,101 from 4,793,244 in October.  The state’s workforce totaled 4,735,411 in November 2011.

Connect with us on Facebook, YouTube and Twitter @GeorgiaDOL. You can access all pages via our website at www.dol.state.ga.us.

FirstBank Reports Increased Second Quarter Income

FirstBank reported net income of $16.3 million for the quarter ended June 30, a 41.7 percent increase over net income of $11.5 million for the second quarter of 2015. Net income was $31.2 million for the six months ended June 30, compared to $23.3 million for the first half of 2015.   "FirstBank is continuing to benefit from a well-executed growth strategy," said FirstBank ... (click for more)

BlueCross To Award $10,000 Diversity Scholarships

The BlueCross BlueShield of Tennessee Health Foundation will award $10,000 scholarships on Monday to three outstanding minority college students who are pursuing degrees in the health care field. The diversity scholarship program was launched to help address the growing need for a qualified and more inclusive workforce to deliver health care in Tennessee. The scholarships ... (click for more)

Man, 28, Shot And Killed In East Chattanooga

A 28-year-old man was shot and killed in East Chattanooga early Friday morning. The victim was identified as Jeremy Clark. At 1:20 a.m., Chattanooga Police officers responded to 2008 Glass St. on a person shot. One victim was found suffering from a gunshot wound. He was pronounced dead on the scene. Police said investigators were gathering information on the potential ... (click for more)

Election Officials Awaiting Amended Financial Disclosure From Siedlecki After GOP Files Complaint

Election officials were awaiting an amended financial disclosure form from Democratic assessor of property candidate Mark Siedlecki after county Republicans said he accepted far above the legal limit from a corporation he heads. Mr. Siedlecki met Thursday with Election Administrator Kerry Steelman and said the amended form would be in sometime Friday. Marty Haynes, the ... (click for more)

Olympic Events On The Ocoee River Made History – But It Wasn’t Easy

It started with a simple “what if” question while Atlanta officials were working on a bid to host the 1996 Summer Olympic Games.  A group of amateur kayakers from the city began asking themselves: “What if Atlanta’s bid is successful? Then where would the Olympic whitewater canoe and kayak races be held?”  To some of the members of that group, the answer was obvious. ... (click for more)

Roy Exum: Mr. Siedlecki, Sit Down!

This is a personal thing but one of my pet peeves is the little advertising stickers I sometimes find on the top of the front page of my newspaper. An editor at the newspaper has already determined a bit of news he or she feels I should read. And then the sticker covers it up so I have to peel it off before I can read “All the news that is fit to print.” As I groveled over my ... (click for more)