Georgia's unemployment 8.6 percent in December

From Staff Reports
news@newnan.com
Georgia’s seasonally adjusted unemployment rate increased to 8.6 percent in December, up one-tenth of a percentage point from 8.5 percent in November, the Georgia Department of Labor announced Thursday.
The rate was 9.4 percent in December a year ago.
“The unemployment rate ticked up slightly because of a combination of factors,” said State Labor Commissioner Mark Butler. “We had a modest increase in new layoffs, along with a small job loss driven primarily by seasonal layoffs in education. Basically, the December numbers are flat, but even so, this is the best November to December job market report since 2007.
“The most important thing to remember from this report is that our unemployment rate is much lower, the pace of new layoffs slower, and the number of jobs significantly larger than a year ago,” Butler continued. “Our economy has definitely improved in the past year.”
While the number of jobs decreased by 400 to 3,985,800 in December, it rose by 70,200, or 1.8 percent, from 3,915,600 in December 2011. Most of the over-the-year job growth came in professional and business services, 26,000; trade, transportation, and warehousing, 17,300; education and health care, 12,700; leisure and hospitality, 12,100; and manufacturing 11,800.

“In December, there were 362,800 manufacturing jobs in Georgia, which is the most since April 2009,” said Gov. Nathan Deal. “More than 15,000 of those jobs have been created since December 2010. After years of decline, the growth we’ve had over the past two years indicates that Georgia’s manufacturing base is alive and beginning to thrive again. This is a great step closer to making Georgia the No. 1 place in the country to do business.”

The number of initial claims for unemployment insurance benefits increased to 50,861, up by 3,510, or 7.4 percent, from 47,351 in November.



More Business

Downtown development benefits everyone

Cities across Georgia continue to operate in a hyper-competitive environment; the competition for investment opportunities has intensified a ... Read More


Business Briefs

Nickell Rental carrying new CAT mini excavators Nickell Rental of Newnan is one of the first owners of the new Cat E2 Series Mini Hydraulic ... Read More


Grantville hosts MEAG/ECG tour

While Grantville residents might not always agree politically, they’re united in their desire to see development and growth come back ... Read More


Industry Spotlight

Martin Pleyer, COO at Grenzebach Corporation

How long has Grenzebach been in Newnan? Grenzebach Corporation is the first subsidiary of Grenzebach and was founded in 1988 by Rudolf Gren ... Read More


Education & Industry

CEC is making a difference

Recently, Lieutenant Governor Casey Cagle took time out of his schedule to visit Central Educational Center (CEC) in Newnan. During his ten ... Read More

Georgia ranked No. 1 state in U.S. for business

Last week, Gov. Nathan Deal announced that Georgia has been ranked the No. 1 state in the nation for business for the second consecutive yea ... Read More