Coweta unemployment numbers at 7.1 percent
Coweta County’s unemployment is 7.1 percent and the Three Rivers planning region’s unemployment rate rose to 8.4 percent, according to the latest figures from October.
The Georgia Department of Labor reports that the unemployment rate in the Three Rivers region increased to 8.4 percent in October, up one-tenth of a percentage point from 8.3 percent in September. The rate was 9.3 percent in October a year ago.
Because of the federal government shutdown, no states were allowed to publish local labor market data for September. During the interim, the rate for the Three Rivers region fell from 9.1 percent in August to 8.3 percent for September.
The rate rose in October primarily for two reasons — an increase in new layoffs and an increase in the number of unemployed residents.
The number of new layoffs, represented by initial claims for unemployment insurance (UI) benefits, increased to 2,224, up by 168, or 8.2 percent, from 2,056 in September. Claims were filed in several sectors, led by administrative and support services. There were 2,591 claims in October 2012.
The number of unemployed people in the Three Rivers region increased to 19,402, up by 148 from 19,254 in September. There were 21,769 unemployed in October 2012.
The labor force, which is the number of people employed plus those unemployed but actively looking for work, declined by 1,843 to 231,438 in October from 233,281 in September. The labor force was down by 2,221 from 233,659 in October 2012.
While Coweta’s unemployment was 7.1 percent for October, the rates in area counties included: Carroll, 8.1 percent; Heard, 8.5 percent; Troup, 8.7 percent; Meriwether, 9.9 percent; Pike, 7.2 percent; Spalding, 9.7 percent; Lamar, 9.8 percent; Upson, 10.8 percent. Fayette County’s rate was 7 percent and in Fulton the rate was 8.4 percent.
Labor Department figures show a Coweta workforce of 63,644 people; employment of 59,153 persons; and unemployment of 4, 491 persons — or 7.1 percent. The September unemployment for Coweta was 6.8 percent. A year ago Coweta’s unemployment for October was 7.7 percent.
Metro Athens had the lowest area jobless rate at 5.8 percent, while the Heart of Georgia-Altamaha region had the highest at 10.9 percent.
Meanwhile, Georgia’s seasonally adjusted unemployment rate for October was 8.1 percent, down from 8.3 percent in September. The rate was 8.8 percent in October a year ago.
Local area unemployment data are not seasonally adjusted. Georgia labor market data are available at www.dol.state.ga.us