First-time unemployment claims down in May - WALB.com, Albany News, Weather, Sports

First-time unemployment claims down in May

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June 19, 2003
Albany-Despite that decline in the number of first-time unemployment claims, the overal unemployment rate is higher than it's been in nine years.

The decrease in first-time claims and a better than expected report of Leading Economic Indicators today are positive signs, but don't show a real economic turnaround. The traffic flow in Albany's unemployment office has remained fairly consistent, but there have been some new job openings recently.

"In Albany, you are seeing some slow job growth, you are seeing that in retail, construction. You are seeing that in a broad way across the community," said Mike Flowers, Career Center Manager at Albany's state Labor Department office.

Flowers says we won't see major job growth here until new industry comes into the area.

posted at 10:22 p.m. by brannon.stewart@walb.com