Business & Tech
Georgia Unemployment Rate Rises to 8.3%
An increase in the number of people seeking work and more layoffs caused the slight increase in the jobless rate, according to the GA Department of Labor.
Georgia businesses have the largest number of people working since December 2008, but the unemployment rate still rose to 8.3 percent in May.
In Cobb County, 2,396 people filed unemployment insurance claims in May,, up 573 from April. In Cherokee, 639 filed in May, up 149 from April. And in Bartow County, 455 people filed unemployment insurance claims in May, down only seven from April.
The Georgia Department of Labor announced today that Georgia’s seasonally adjusted unemployment rate was up one-tenth of a percentage point from 8.2 percent in April, That was eight-tenths of a percentage point lower than the 9.1 percent rate of May 2012.
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“The rate increased primarily because more jobseekers entered the labor force looking for work,” said State Labor Commissioner Mark Butler. “And, there was a slight increase in layoffs, many of which were temporary.
“Despite the slight increase in the unemployment rate, Georgia employers continued to create jobs for the fourth consecutive month, giving us the largest number of jobs we’ve had since December 2008,” Butler continued. “And, it’s very encouraging that the number of construction jobs has increased for the third consecutive month.”
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In May, 177,600 Georgia workers had been jobless for more than 26 weeks, which is the definition of being unemployed long term. Another 500 people joined the ranks of long-term unemployed since April. The long-term unemployed make up 44.2 percent of all unemployed in Georgia.
Jobs
Georgia: 4,043,200 in May 2013, up by 15,800 jobs from April 2013
Layoffs
Georgia: 46,882 in May 2013, up by 4,238 layoffs from April 2013
Atlanta MSA: 21,677 in May 2013, up 2,892
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