Special to SEGAZINE
ATLANTA – The Georgia Department of Labor announced today that the unemployment rate in the Southern Georgia region decreased to 9.3 percent in August, down nine-tenths of a percentage point from 10.2 percent in July. The rate was also 10.2 percent in August a year ago.
The rate dropped because there was a significant reduction in layoffs. There were 1,478 new layoffs, represented by initial claims for unemployment insurance, which are 553, or 27.2 percent, fewer than the 2,031 in July. Much of the decline came in manufacturing, with additional reductions in trade, transportation and warehousing, administrative and support services, accommodations and food services, and construction.
Over-the-year, the number of initial claims was down by 853, or 36.6 percent, from 2,331 in August 2012. Reductions were mostly in manufacturing, retail trade, construction, administrative and support services, and accommodations and food services.
The labor force, which is the number of people employed plus those unemployed but actively looking for work, declined by 2,483 to 173,232 in August, down from 175,715 in July. And, it was also down by 3,843 from 177,075 in August 2012.
Metro Athens had the lowest area jobless rate at 6.1 percent, while the Heart of Georgia-Altamaha region had the highest at 11.9 percent.
Meanwhile, Georgia’s seasonally adjusted unemployment rate for August was 8.7 percent, down from 8.8 percent in July. The rate was 9.0 percent in August a year ago.