Georgia’s Labor Commissioner Mark Butler reports that the state set records in October for total jobs and employed residents; it was another great month in a long string of often record-setting months.
The state’s unemployment rate also fell again last month to 3.6 percent, just below the national rate of 3.7 percent. Georgia’s unemployment rate stood at 4.5 percent a year ago.
Employers statewide added another 2,400 jobs in October, pushing the total number to 4.57 million, a record. The state added 93,600 new jobs over the year, nearly 8,000 a month.
Butler attests that Georgia’s assets are really beginning to pay off in terms of job growth.
Jobs were up in Metro Rome by 400, or one percent, over the year to 41,700 in October.
The state’s number of employed residents set a new record high at just under five million. However, the labor force fell slightly in October by about 3,500 to end the month at 5.2 million.
Butler anticipates that the trends that are currently having a negative impact on the labor force will soon be reversed.
Unemployment claims, a measure of new layoffs, were up statewide over the month by 49 percent; they rose by less than one percent over the year.
Metro Rome’s initial UI claims increased by 260, or 116.6 percent, over the year to 483 in October.
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