Labor commissioner comments on January 2014 job report
Georgia Labor Commissioner Mark Buter comments on the January 2014 state employment report.
Georgia’s unemployment rate for January dipped a tenth of point down from the month before but more than a full point compared to a year ago.
The Georgia Department of Labor announced a seasonally adjusted rate of 7.3 percent for January, which is well below the 8.6 percent rate for January 2013.
“This is the seventh consecutive month that the unemployment rate has declined,” State Labor Commissioner Mark Butler said in a press release. “The rate fell because 15,928 more Georgians were employed and the number of new layoffs for January fell to the lowest level in eight years.”
The state reported 58,091 new claims for unemployment insurance that month, the number is a drop of 7,798, or 11.8 percent, from December.
The number is the lowest in January since 2006 — before the Great Recession — when 53,680 claims were filed.
Butler said most of the decline in claims came in manufacturing, accommodations and food services, construction, and administrative and support services, comparing the numer to the 71,530 claims in January 2013.
In metro Atlanta, the number of initial unemployment claims was done 26.3 percent compare to that month a year ago.
The number of jobs decreased in January, after the Christmas shopping season, but the loss of 56,200 jobs is well below the annual 76,300 average for January job loss the past five years.
“While we had the traditional December to January job loss, Georgia actually had 80,800 more jobs than in January a year ago, which is a strong gain,” Butler said. “And, our employers are adding jobs in several important industries.”
In 2013, most job sectors showed improvements, the labor department said, comparing the 3,951,200 jobs in January 2013 to the 2014 number of 4,032,000. In metro Atlanta, that number was up 2.5 percent, from 2,351,000 in January 2013 to 2,409,600 in January 2014.
For more information, visit the Georgia Department of Labor website at www.employgeorgia.com