Metro Augusta’s Unemployment Rate Declines To 5.7 Percent In November

Unemployment Down graphic
Unemployment Down graphic

Atlanta, GA (WJBF) – Thursday morning, the Georgia Department of Labor announced that Metro Augusta’s unemployment rate for November was 5.7 percent, down five-tenths of a percentage point from 6.2 percent in October. The rate in November 2014 was 6.7 percent.

At 5.7 percent, Augusta’s rate is at its lowest point since May 2008 when it was 5.6 percent.

The rate declined as employers created 600 jobs in November, due largely to holiday hiring. The number of jobs increased to 232,100, or 0.3 percent, from 231,500 in October. Most of the increase came in retail trade, transportation and warehousing.

Over the year, Augusta gained 3,100 jobs, a growth rate of 1.4 percent, up from 229,000 in November 2014. Most of the job gains came in education and health services, state and local government, leisure and hospitality, and professional and business services.

Also, the number of initial claims for unemployment insurance rose by 64, or 5.6 percent, to 1,212 in November. Most of the increase came in construction, manufacturing and wholesale trade. Over the year, claims were up by 107, or 9.7 percent, from 1,105 in November 2014.

Metro Gainesville had the lowest area jobless rate at 4.2 percent, while the Heart of Georgia-Altamaha region had the highest at 6.8 percent.

Meanwhile, Georgia’s seasonally-adjusted unemployment rate for November was 5.6 percent, down from 5.7 percent in October. It was 6.7 percent in November 2014.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s