Ge­or­gia’s job­less rate dips to 4.9 per­cent in May State sets new record for num­ber of em­ployed

Walker County Messenger - - News -

The Ge­or­gia De­part­ment of La­bor, on June 15, 2017, an­nounced that the state’s sea­son­ally-ad­justed unem­ploy­ment rate de­creased for the fourth con­sec­u­tive month to 4.9 per­cent in May, down one-tenth of a per­cent­age point from 5 per­cent in April. The last time the state recorded a job­less rate as low as 4.9 per­cent was in Oc­to­ber 2007. In May 2016, the rate was 5.3 per­cent.

“Ge­or­gia saw its unem­ploy­ment rate dip be­low 5 per­cent for the first time in nearly 10 years, as more in­di­vid­u­als gained jobs,” said State La­bor Com­mis­sioner Mark But­ler. “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.”

There were 9,685 more Ge­or­gians em­ployed in May than in April, push­ing the to­tal num­ber to another record of 4,788,627. The in­crease in the num­ber of em­ployed Ge­or­gians in May grew by 155,960 from May 2016.

From April to May, the la­bor force, which con­sists of em­ployed res­i­dents and those who are un­em­ployed and ac­tively look­ing for jobs, in­creased by 3,664 to a record 5,034,975. As the num­ber of em­ployed res­i­dents rose, the num­ber of job­less res­i­dents de­clined by 6,021 to 246,348. There were 14,239 fewer un­em­ployed res­i­dents than in May 2016.

Mean­while, the num­ber of jobs in Ge­or­gia de­creased by 3,800, or 0.1 per­cent, to 4,465,300. The losses were pri­mar­ily sea­sonal jobs in pro­fes­sional and busi­ness ser­vices, 4,400, and leisure and hos­pi­tal­ity, 2,200. Ad­di­tional re­duc­tions came in man­u­fac­tur­ing, 2,000; and other ser­vices such as re­pair, main­te­nance, laun­dry and per­sonal ser­vices, 1,800; and in­for­ma­tion ser­vices, 1,000. The job losses were some­what off­set by growth in trade, trans­porta­tion and ware­hous­ing, 3,400; gov­ern­ment, 2,400; con­struc­tion, 1,400; fi­nan­cial ac­tiv­i­ties, 300; and ed­u­ca­tion and health ser­vices, 100.

Over-the-year, Ge­or­gia gained a to­tal of 103,100 jobs, a 2.4 per­cent growth rate, up from 4,362,200 in May 2016. The fed­eral job growth rate was 1.6 per­cent. Ge­or­gia’s job growth came in the fol­low­ing em­ploy­ment sec­tors: pro­fes­sional and busi­ness ser­vices, 23,100; trade, trans­porta­tion and ware­hous­ing, 19,800; leisure and hos­pi­tal­ity, 15,400; ed­u­ca­tion and health ser­vices, 13,100; inan­cial ac­tiv­i­ties, 9,900; gov­ern­ment, 9,700; con­struc­tion, 7,400; in­for­ma­tion ser­vices, 3,100; and man­u­fac­tur­ing, 1,600. Other ser­vices lost 900 jobs.

The num­ber of ini­tial claims for unem­ploy­ment in­sur­ance, a mea­sure of new lay­offs, in­creased by 3,234, or 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. Over the year, claims were down by 5,458, or 18 per­cent, from 30,325 in May 2016.

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