Georgia set a new record for the number of residents who hold a job last month, the Georgia Department of Labor announced Thursday.
The number of employed Georgians hit 4.92 million in May, which is up 13,552 people from April. In all, the number of employed Georgians is up more than 123,000 people from a year ago, with an average growth rate of 10,250 people per month.
Georgia’s unemployment rate for May was 4.2 percent, which is it’s lowest level since August 2001, according to the Department of Labor. There were
“The fact that we are seeing these records month after month shows the continuing strength of Georgia’s economy,” Labor Commissioner Mark Butler said. “In fact, Georgia was recently ranked as the ninth top-performing economy in the nation.”
The number of employed Georgians isn’t the only employment-related number that has been going up. The size of Georgia’s workforce is also growing. The labor department said the workforce has been growing at an average rate of about 8,000 new work-eligible people per month for the last year.
There were 5.1 million Georgians eligible to hold a job last month, according to state figures.
The news was welcomed by Lt. Gov. Casey Cagle, who is running for governor. Cagle said the job market in Georgia should continue to grow in lite of the tax cuts adopted by legislature earlier this year.
“Across all major indicators, this report demonstrates Georgia’s economy has never been stronger and our state continues to grow at a record pace,” Cagle said. “Partnering with Governor Deal, we’ve led to lift employment to a record high, bringing more Georgians into the workforce so they can provide for their families.
“In the years ahead, our $5.7 billion income tax cut will continue returning more money back into the pockets of hard working Georgians. Our College and Career Academies are building a workforce second to none. And going forward, we will only double-down on our pro-jobs, work-first policies to encourage more Georgians to get into the workforce and pursue even greater opportunities to climb up the economic ladder.”