Metro Albany's unemployment rate declines to 10.2% - WALB.com, Albany News, Weather, Sports

Metro Albany's unemployment rate declines to 10.2%

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News release from the Georgia Department of Labor                                                  

ATLANTA – The Georgia Department of Labor (GDOL) reported today that the preliminary unadjusted unemployment rate in the metro Albany area declined to 10.2 percent in November, down two-tenths of one percentage point from a revised 10.4 percent in October.

Meanwhile, the number of unemployed workers in the area decreased by 112, from 7,893 in October to 7,781 in November.

In November 2008, there were 5,181 jobless workers in metro Albany, when the unemployment rate was 6.8 percent. The number of payroll jobs in metro Albany in November 2009 was 62,300, a loss of 1,500, or 2.4 percent, from 63,800 in November 2008.

"Georgia's job market is struggling to regain its footing," said State Labor Commissioner Michael Thurmond. "On Jan. 18, the Georgia Department of Labor will host a Georgia Jobs Summit at the Georgia Tech Hotel and Conference Center. This bipartisan gathering will bring together Georgia's best minds to develop a comprehensive, state-level strategy that will help spur economic growth and job creation."

Statewide, the number of payroll jobs in November 2009 was 3,874,200, a decrease of 192,400, or 4.7 percent, from 4,066,600 in November 2008. The over-the-year losses came in trade, transportation and warehousing, manufacturing, professional and business services, and construction.

On a positive note, educational and health services added 13,800 jobs over the year. Also, from October to November, a total of 8,500 jobs were added in retail trade, public and private education, and health care.   

Meanwhile, the state's seasonally adjusted unemployment rate rose slightly to 10.2 percent in November, up one-tenth of a percentage point from a revised 10.1 percent in October.  The November jobless rate was up 3.1 percentage points from 7.1 percent at this same time last year. The national adjusted unemployment rate is 10.0 percent.

For 24 of the last 25 months, Georgia's unemployment rate has exceeded the national unemployment rate. 

The local area unemployment rates are not seasonally adjusted. Georgia labor market data are available at www.dol.state.ga.us .

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