The Georgia Department of Labor (GDOL) has reported that the state’s seasonally adjusted unemployment rate rose to 7.5 percent in November, the highest rate in more than 25 years. The jobless rate was up 3.0 percentage points from 4.5 percent at this same time last year. The November unemployment rate was up six-tenths of one percentage point from a revised 6.9 percent in October.
Metro Atlanta job losses were recorded at 67,800 for the month.
“Job losses are accelerating throughout most of the state’s economic sectors, with the exception of healthcare, education, and the federal government,” State Labor Commissioner Michael Thurmond said. “Although it may be difficult to find a job in this environment, it is not impossible.”
The last time Georgia posted a seasonally adjusted unemployment rate at this level was in July of 1983 when the rate was also 7.5 percent. The state rate remained above the national rate of 6.7 percent for the 10th straight month. At present, 365,244 unemployed Georgians are looking for work.
Over the last year, the number of payroll jobs decreased 94,400 or 2.3 percent. Manufacturing, construction, and trade, along with administrative and support services, including temporary employment agencies, were especially hard hit.
Tags: Atlanta jobs
Yeah, I don’t know why Atlanta jobs WOULD be immune to the recession, but I have been reading here and there where some cities have been able to keep their employment rates up. Crazy. The business world is so ballistic.