Unemployment rate falls as people quit looking for jobs.
There were 230,100 long-term unemployed Georgians in July — those who have been out of work for 27 weeks or longer, the labor department said. This represents an increase of 90 percent from July 2009.
The long-term unemployed now account for 49.8 percent of the 462,372 jobless workers in Georgia. That’s one out of two people searching for a job.
During the past two months, Georgia’s labor force has declined by more than 40,000 as discouraged workers dropped out, the labor department said. This is the first time since 2001 that Georgia has experienced significant reductions in the labor force for two consecutive months.
Talk amongst yourselves in this Open Thread.