Unemployment is at a six-month high:
Georgia’s unemployment rate hit its highest level in six months, rising to 10.2 percent in August from 10.1 percent in July, the state labor department said Thursday.
There has been no improvement from a year ago, when the state’s jobless rate was also 10.2 percent.
August marked the 49th consecutive month Georgia has exceeded the national unemployment rate, which is currently 9.1 percent, the labor department said.
The number of long-term unemployed — those jobless for at least 27 weeks — increased by 3,000 to 254,100. There were 15.5 percent more long-term unemployed than in August of last year. The long-term unemployed account for 52.7 percent of Georgia’s 482,321 jobless workers.
On the positive side, the number of jobs in Georgia increased 0.2 percent to 3,801,000 in August, the labor department said. Most of the gain came from seasonal workers in the public school systems who returned to work after being laid-off for the summer. Also, some job increases occurred in professional and business services, education, health care and construction.
We’re not far from the peak unemployment rate of 10.4%, which was hit in Oct 2009 to January 2010 and again in November and December of 2010.