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Unemployment hits lowest level in nearly 4 years

ATLANTA — Georgia's unemployment rate has dropped to its lowest rate in nearly four years.

State labor officials said Thursday morning that Georgia's seasonally adjusted jobless rate declined to 8.5 percent in November.

State Labor Commissioner Mark Butler said that is the lowest state unemployment rate in nearly four years, since it was 8.5 percent in January 2009.

Butler said the rate dropped because of continued job growth and fewer new layoffs.

Gov. Nathan Deal said in a statement that he's encouraged by continuing growth in the number of manufacturing jobs in Georgia.

Comments

Sandykin 1 year, 4 months ago

I hope when all this mess settles out, someone will sort thru it and determine where the jobs were lost and the wages they paid vs. where the jobs are in the recovery and the wages they pay.

If the recovery jobs are coming close to the skill levels and pay of those lost, it's a valid recovery.

If the recovery jobs come close in skill and pay higher, it's a great recovery.

If the recovery jobs require less skill and pay less, it will be a recovery in name only.

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toby 1 year, 4 months ago

Cut business taxes and bring all the money that is across the oceans back here and put people to work. The government will have more tax money then they can print food stamps for.

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kevin 1 year, 4 months ago

Please factor in the 2%+ that have stopped looking for jobs. Also wait factor in the hundreds of part-time holiday jobs and the fact they will disappear come Feb. I certainly do not believe this statistic is a true picture of the situation in Georgia, just window-dressing.

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JV 1 year, 3 months ago

An August 2012 study by the liberal National Employment Law Project (NELP) finds that 58 percent of all jobs recovered in the last two years have been in low-wage occupations, which grew 2.7 times faster than mid-wage and higher-wage jobs. Other key findings included:

Lower-wage occupations were 21 percent of recession losses, but 58 percent of recovery growth.

Mid-wage occupations were 60 percent of recession losses, but only 22 percent of recovery growth.

Higher-wage occupations were 19 percent of recession job losses, and 20 percent of recovery growth.

Three low-wage industries have added 1.7 million jobs in the recovery and constitute 43 percent of total net growth: food services, retail, and administrative, support and waste management services (largely employment services, i.e., temp jobs).

The study examined employment trends in 366 occupations using the government's wage and job survey, known as the Current Population Survey (CPS). "In short," concludes the report, "America's good jobs deficit continues."

http://www.nelp.org/page/-/Job_Creation/LowWageRecovery2012.pdf?nocdn=1

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