Georgia’s jobless rate drops to 5.9 percent
ATLANTA – Georgia’s jobless rate continued its decline in August, dropping to 5.9 percent. The rate was 6.0 percent in July. It was 7.1 percent in August 2014.
“This is the first time Georgia’s unemployment rate has dropped below six percent since May 2008,” said State Labor Commissioner Mark Butler. “The rate declined as our employers laid off the fewest workers for any month in more than 15 years and continued to create jobs.”
The number of initial claims for unemployment insurance, a measure of new layoffs, declined by 25.8 percent in August, the fewest since May 2000. Most of the decrease in August was due to a decline in temporary claims filed in manufacturing and administrative and support services, which includes temporary employment agencies.
And, over the year, claims were down by 15.4 percent from August 2014. The decline came mostly in manufacturing.
Over the year the number of jobs in Georgia grew by 2.0 percent, from 4,177,100 in August 2014. The national job-growth rate was 2.1 percent. Most of the job growth in Georgia came in trade, transportation and warehousing, 29,800; professional and business services, 19,100; leisure and hospitality, 18,900; education and health services, 14,100; finance and insurance, 4,900; construction, 2,200; manufacturing, 1,700; and information services, 1,200. Government lost 7,100 jobs.
Georgia’s continuing job growth increases the existing demand for skilled workers. The Georgia Department of Economic Development recently announced that it has received a $3 million federal grant to help address the skills-shortage issue. The grant will fund work-based training programs for 30 companies throughout Georgia who are committed to hiring 400 apprentices.
Source: Georgia Department of Labor