Georgias unemployment rate dropped to 7 percent in March, the lowest rate since September 2008 when it was 6.8 percent.
The seasonally adjusted jobless rate is down from 7.1 percent in February and 8.4 percent in March a year ago, according to a news release from the Georgia Department of Labor on Thursday.
This is the ninth consecutive month that Georgias unemployment rate has dropped, State Labor Commissioner Mark Butler said in the release.
The rate went down because employers are creating more jobs and laying off fewer workers, Butler said. The state added 27,400 jobs -- the most February-to-March job growth Georgia has seen in 10 years.
Year over year, the number of jobs increased by 69,000, or a 1.7 percent increase, from 3,995,200 jobs in March 2013, the release stated.
Construction continues to be our fastest growing sector, with an over-the-year growth rate of 5.2 percent, Butler said. In addition to good job growth, we had the fewest new claims for unemployment insurance that weve had in seven years. This means more people are keeping their jobs, which is another sign of a strengthening economy.