Georgia Unemployement Rate Drops Below 10%

May 19, 2011 10:17 am

by Charlie · 3 comments

OK, 9.9% is still above the national average, but below 10% (stop rounding off!)

The last time the state’s rate was below 10 percent was in June 2009. A year ago, the rate was 10.1 percent.

There were job increases over both the month and year, the labor department said. There were 3,834,100 payroll jobs in April — up eight-tenths of a percentage point from March. Also, there was an increase of one-tenth of a percentage point from April 2010.

Most of the new jobs were added in leisure and hospitality, professional and business services, trade, educational and health services, and construction.

The number of long-term unemployed workers — a persistent problem in the state — fell 2.6 percent from March to April. Still, there were 254,800 Georgians out of work for at least 27 weeks — 18.4 percent higher than a year ago. The long-term unemployed account for 55.1 percent of Georgia’s 462,370 jobless workers.

I think a lot can be said for “things aren’t getting worse” being a lot of reason for the slight improvement. We’re well away from the crisis/panic mode of 2008. Georgia still has massive structural economic problems in housing and banking which are limiting recovery. But as folks have adjusted to this “new normal”, many are looking past day to day, businesses that are able are trying to expand. Slowly, if not surely, things are beginning to improve.

Harry May 19, 2011 at 6:07 pm

I wonder where this chart is trending
http://research.stlouisfed.org/fred2/series/GANA

American Delight May 19, 2011 at 7:42 pm

And now we add a new flock of graduates seeking jobs in Georgia’s economy. Competition will be stiff…

you May 19, 2011 at 8:48 pm

Not to worry, plenty of people will be gone after Saturday so there should be some openings.

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