From the Georgia Department of Labor:
The Georgia Department of Labor announced today that Georgia’s seasonally adjusted unemployment rate decreased to 7.7 percent in November, its lowest point since November 2008, when it was 7.6 percent. The rate is down four-tenths of a percentage point from 8.1 percent in October and a full percentage point from 8.7 percent in November a year ago.
The unemployment rate is based on data generated from the survey of households. We won’t see all those numbers until next week.
The numbers released today include the estimates for November from the survey of payroll establishments. Georgia saw a pretty solid 2.3 percent gain in payroll jobs over the last year. But the song has the same refrain: those gains were concentrated in Atlanta, with over half of Georgia’s metro areas losing jobs over the last year or adding them at a rate that’s likely too slow to keep up with population growth.
Here’s a screenshot of the key employment numbers by metro:
The best news in today’s report is probably the continued decline in initial filings for unemployment insurance. Statewide, there were 47,351 claims in November 2012 but only 33,781 in November 2013.