ATLANTA, Ga. (AP) - Georgia’s unemployment rate rose for the fourth month in a row as more workers entered the workforce than could find jobs.
The state’s jobless rate grew to 3.6% in August, up from 3.4% in July and also above the 3.2% rate recorded in August 2023.
The number of Georgians who reported being unemployed rose above 190,000, the highest level in three years.
While the number of people saying they were working has continued to climb slowly, setting new records every month so far this year, the number of people available to work has risen more rapidly.
The weaking job market is also reflected in a separate survey of employer payrolls — the top labor market measure for many economists. Employers reported 4.98 million workers on their payrolls in August, which was basically unchanged from July and 70,000 higher than in August 2023.
The Georgia Department of Labor released the numbers Thursday. They are adjusted to cancel out typical seasonal fluctuations.
The nationwide unemployment rate ticked down to 4.2% in August from 4.3% in July. It was 3.8% a year ago.
About 5,100 Georgia workers filed for new unemployment benefits in the week that ended Sept. 14, and the overall number of people collecting state unemployment was about 29,000 in the week that ended Sept. 7. Those numbers are about level with recent weeks.
Georgia offers diverse landscapes and communities, from bustling cities to quiet rural towns.
A Cuban woman living in Atlanta has taken to social media to share crucial advice for those aiming to secure employment at the well-known supermarket chain, Publix.
Do you want to know about the top 10 most dangerous cities in the Unites States?
The Savannah housing market trends are pivotal in shaping the decisions of buyers, sellers, and investors in this historic city.
Houston Housing Market TrendsSeveral notable market trends emerged from the July 2024 Houston housing market data.
The U.S. economy is close to normal rates of inflation and unemployment and the Federal Reserve needs monetary policy to "normalize" as well, Atlanta Federal Reserve president Raphael Bostic said Monday in comments that suggested openness to a quick pace of interest rate cuts in coming months.
Stats
Elapsed time: 0.4509 seconds
Memory useage: 2.58MB
V2.geronimo