Summer job market leads to slight rise in June unemployment
Georgia Labor Commissioner Bruce Thompson has reported that Albany recorded an unemployment rate of 4.1% in October, up one-tenth of a percent over the previous month.
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ATLANTA — Georgia Labor Commissioner Bruce Thompson announced Thursday that Georgia’s June unemployment rate was 3.3%, up one-tenth of a percent from a revised 3.2% in May. The unemployment rate was eight-tenths lower than the national unemployment rate.
“School’s out, and Georgia is thriving like never before,” Thompson said in a news release. “Our students infuse our work force with new talent and energy each summer. While this may temporarily increase seasonal unemployment, the fresh skills and enthusiasm these young workers bring to the local economy are key to cultivating an economy that’s built to last.”
Jobs were up by 8,900 (0.2%) over the month and up by 64,200 (1.3%) over the year to 4,979,800, an all-time high.
The sectors with the most over-the-month job gains included health care and social assistance, 3,200; transportation and warehousing, 3,000; state government, 1,800; wholesale trade, 1,400; and retail trade, 1,400.
Jobs were down in administrative and support services, -1,700; local government, -1,300; and non-durable goods manufacturing, -1,000.
Jobs were at an all-time high in private education and health services, 685,200; and leisure and hospitality, 528,100.
The sectors with the most over-the-year job gains included health care and social assistance, 23,400; accommodation and food services, 13,900; local government, 13,300; professional, scientific and technical services, 9,000; and durable goods manufacturing, 6,000.
Jobs were down in administrative and support services, -14,700; information, which includes motion picture and sound recording industries, -9,500; and transportation and warehousing, -8,000.
The labor force was up by 15,502 to 5,391,294, an all-time high, and has increased by almost 48,000 over the past three months. The labor force was up by 81,242 over the past 12 months. The labor force participation rate was up from 61.6% to 61.7%.
The number of employed was up by 8,493 to 5,214,373, an all-time high, and was up by 74,279 over the past 12 months. The employment-to-population ratio held at 59.7%.
The number of unemployed increased by 7,009 to 176,291 and was up by 6,963 over the past 12 months.
Initial unemployment claims were up by 1,833 (9%) over the month to 21,867 in June. Initial claims were down by 1,610 (-7%) over the year.
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