Georgia’s unemployment rate drops to five-year low

Staff reportDecember 19, 2013 

State labor officials say Georgia’s unemployment rate dropped to 7.7 percent in November, its lowest mark since November 2008.

The Georgia Department of Labor announced the seasonally adjusted unemployment rate Thursday.The November rate is down a full percentage point from 8.7 percent in November a year ago.

State Labor Commissioner Mark Butler said the jobless rate is down because of strong job growth in Georgia and a significant drop in new claims for unemployment insurance benefits. He said the number of new jobs represents the best October-to-November growth since 2007. Also, the number of new claims is the lowest for any month since September 2007.

The number of jobs increased by 19,500, or 0.5 percent, from 4,076,000 in October to 4,095,500 in November, the most jobs in Georgia since September 2008.

Growth came mostly in trade, transportation and warehousing with 14,700 new jobs. Government added 2,000; financial services, 1,700; construction and education and health care, 1,500 each; manufacturing, 1,000; and information services, 900, along with 100 in other services.

The overall number of unemployed Georgians decreased to 363,055, down by 20,322 from 383,377 in October.

It marked the fewest unemployed Georgians since October 2008 when there were 346,852.

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