GEORGIA HITS 4.5 MILLION JOB MARK IN OCTOBER

Written by Elizabeth Davis. Posted in News & Weather

State Labor Commissioner Mark Butler has announced that Georgia broke the 4.5 million jobs barrier in October to bounce back from job loss due to Hurricane Irma in September.

The state posted 4,510,100 jobs for the month.  The preliminary number is higher than Georgia’s previous revised record of 4,497,700 set in August.  In September, the state had a temporary setback with a job loss of 3,400.

Butler indicates that Georgia is on pace to tally as many as 90,000 to 95,000 jobs for the year.

Over the past 12 months, the state has added 87,800 jobs for a growth rate of two percent, outpacing the national job growth rate of 1.4 percent.  A total of 15,800 jobs were posted statewide in October.

Jobs were up in Metro Rome over the year by 100, or .2 percent, to 41,300 this October.

Georgia’s unemployment rate stood at 4.3 percent in October, according to the state Department of Labor.  The rate declined from September’s revised number of 4.4 percent and from 5.4 percent.  The lowest jobless rate ever recorded for the state was 3.4 percent in November 2000.

Butler muses that while the drop in the unemployment rate is nice, it is more important that Georgians are seeking and finding gainful employment.

First time claims for unemployment insurance benefits, a measure of new layoffs, were up statewide over the month by 9.6 percent to 27,040.  Claims were down over the year by 7.9 percent from 29,355.

Initial UI claims were down in Metro Rome over the year by 105, or 32 percent to 330 in October.

Connect with the Georgia Department of Labor online for additional labor market data, career opportunties and other GDOL services for job seekers at www.dol.georgia.gov.

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