Georgia’s January Unemployment Rate Drops

March 10, 2014

By MJ Kneiser, WLHR Radio, Lavonia

 

State Labor Commissioner Mark Butler

State Labor Commissioner Mark Butler

Georgia’s seasonally adjusted unemployment rate dropped in January to 7.3 percent.

That’s down from 7.4 percent in December and over a full percentage point lower from January a year ago.

State Labor Commissioner Mark Butler said part of the reason is due to a drop in the number of new layoffs.

“This is the seventh consecutive month that the unemployment rate has declined,” said State Labor Commissioner Mark Butler. “The rate fell because 15,928 more Georgians were employed and the number of new layoffs for January fell to the lowest level in eight years.”

Butler said that is likely another reason why the January unemployment rate was lower.

“While we had the traditional December to January job loss, Georgia actually had 80,800 more jobs than in January a year ago, which is a strong gain,” said Butler.  “And, our employers are adding jobs in several important industries.”

There were 58,091 new claims for unemployment insurance in January, according to the Labor Department.

That’s the smallest number of claims in January since 2006.

Most of the decline in unemployment claims came in manufacturing, accommodations and food services, construction, and administrative and support services.

There were 3.9 million jobs in Georgia January 2013, and over-the-year, most job sectors showed gains over the past year, according to Butler.

The local unemployment numbers come out next week.

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