The Georgia Department of Labor released the follow statement:
The Georgia Department of Labor announced today that Georgia’s seasonally adjusted unemployment rate for September was 7.9 percent, down two-tenths of a percentage point from 8.1 percent in August. The rate in September of last year was 8.0 percent.
“The rate dropped because there were 5,744 fewer unemployed people in September, according to the federal government’s monthly household survey, and we had fewer new layoffs,” said State Labor Commissioner Mark Butler.
While the rate decreased, Georgia lost 7,300 jobs in September, as the total number of jobs dropped to 4,129,200. The net loss was mostly seasonal in nature, with the biggest reduction being the loss of 9,200 jobs in leisure and hospitality, as many students left summer jobs to return to school. Additional losses came in several sectors. Despite the overall loss, government gained 8,200 jobs, which were mostly in public schools, and other gains came in educational and health services and trade and transportation.
“We continue to have strong over-the-year job growth, as Georgia added 80,000 jobs since September a year ago,” said Butler. “Our impressive over-the-year growth keeps Georgia among the leading states for job creation. And, the growth is in every private sector job category we track, with government being the only sector showing a loss.”
We had several posts in the wake of last month’s unemployment rate announcement here, here, and here. I think those posts are relevant whether the rate goes up or down in any particular month. Our economy is headed in the right direction, we need to keep the business climate friendly and do what we can to encourage job growth.
The Jason Carter campaign was quick to pounce on the drop in unemployment as bad news:
“Georgia’s economy is heading in the wrong direction. We lost more than 15,000 private sector jobs in just one month, and far too many Georgians are still looking for work.
“Every state in the country has recovered from the recession faster than Georgia has under Gov. Deal. It’s time for a new direction.”
So when the rate goes up it’s bad news and when the rate goes down it’s bad news….and vote for me.