ATLANTA – The Georgia Department of Labor announced today that metro Augusta's unemployment rate decreased to 7.4 percent in November, down seven-tenths of a percentage point from 8.1 percent in October. This is the lowest the rate has been since it was 7.1 percent in November 2008. The rate was 8.4 percent in November a year ago.
The rate declined in November primarily because the number of jobs increased and the number of unemployment insurance claims were down.
Metro Augusta employers added 700 jobs in November, increasing the number of jobs to 216,500, up by 0.3 percent, from 215,800 in October. Most of the jobs were added in trade, transportation and warehousing, along with state and local government.
Over the year, jobs were up by 900, or 0.4 percent, from 215,600 in November 2012. The job gainers were in education and health care, retail trade, and leisure and hospitality.
The number of new layoffs, represented by initial claims for unemployment insurance (UI) benefits, decreased to 1,183, down by 420, or 26.2 percent, from 1,603 in October. Claims declined in several sectors, including manufacturing, administrative and support services, and professional and technical services. There were 1,644 claims in November 2012.
The number of unemployed people in Augusta decreased to 19,062, down by 1,828 from 20,890 in October. There were 22,015 unemployed in November 2012.
Also, the Georgia Department of Labor announced today that the unemployment rate in the Central Savannah region decreased to 8.3 percent in November, down five-tenths of a percentage point from 8.8 percent in October. The rate was 9.4 percent in November a year ago.
The rate declined in November primarily because the number of unemployment insurance claims was down and the number of unemployed people fell.
The number of new layoffs, represented by initial claims for unemployment insurance (UI) benefits, decreased to 1,537, down by 494, or 24.3 percent, from 2,031 in October. Claims declined in several sectors, including manufacturing, construction, health care and social assistance, and accommodations and food services. There were 2,326 claims in November 2012.
Unemployment decreased to 16,713, down by 1,085 from 17,798 in October. There were 19,619 unemployed in November 2012.
Metro Athens had the lowest area jobless rate at 5.1 percent, while the Heart of Georgia-Altamaha region had the highest at 10 percent.
Meanwhile, Georgia's seasonally adjusted unemployment rate for November was 7.7 percent, down from 8.1 percent in October. The rate was 8.7 percent in November a year ago.
Local area unemployment data are not seasonally adjusted. Georgia labor market data are available at www.dol.state.ga.us
(Above Press Release written by Georgia Department of Labor)
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