Georgia jobless rate drops to 5.7 percent in October
ATLANTA – Georgia’s jobless rate dropped to 5.7 percent in October, down one-tenth of a percentage point from 5.8 percent in September. The rate was 6.8 percent in October 2014.
“A strong over-the-month increase of 29,000 jobs helped push our unemployment rate to its lowest level in seven-and-a-half years,” said State Labor Commissioner Mark Butler. “This year’s September-to-October job growth is much stronger than the 16,600 job growth average for the same period over the last three years.”
The number of jobs increased to 4,302,800, up by 0.7 percent, from September. Much of the job growth came in trade, transportation and warehousing, 6,800; professional and business services, 6,400; state and local government, 4,800. Manufacturing grew by 3,100 jobs; leisure and hospitality, 2,800; and financial activities, 2,700. Education and health services increased by 1,100; information services, 800; construction, 600; and other services, such as repair, maintenance, personal and laundry services, 200.
“Over-the-year, our employers created 97,100 jobs, which is a 2.3 percent growth rate and stronger than the 2 percent national job growth rate,” said Butler.
Most of the over-the-year job growth in Georgia came in trade, transportation and warehousing, 23,200; professional and business services, 20,500; and leisure and hospitality, 17,200. Education and health services grew by 16,100; and local government by 10,100.
The number of initial claims for unemployment insurance was down by 3,270, or 9.9 percent over the year.
Source: Georgia Department of Labor