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

Smallman

Set your prices based on your customers perception of value

Your customers are unlikely to know neither your products cost base nor your profitability. Thus you should not restrict your mark up&rsquo ... Read More


Business Briefs

Harbor Freight Tools opens Harbor Freight has opened in Newnan, at 1485 Hwy. 34 East, in the White Oak Shopping Center. The retailer offers ... Read More


Church hosting ‘Kmart Day’ for employees

Losing a job is rarely easy and for those who have spent decades at one company, the change can be even scarier. The Reverend K.G. Bailey i ... Read More


Poriferous announces Newnan-based implant manufacturing

Last week, Poriferous, LLC announced that their porous polyethylene craniofacial implants are once again manufactured in Newnan. The implant ... Read More


Business People

Texas Roadhouse manager finalist for top award Mark Feeley, managing partner of the Newnan Texas Roadhouse, is a finalist for the Managing ... Read More

Business Briefs

Blossman acquires Lassetter Propane Lassetter Propane LLC, based in Cedartown, has been acquired by Blossman Gas, Inc. Its 1,500 customers ... Read More