Many companies are downsizing - WALB.com, South Georgia News, Weather, Sports

Many companies are downsizing

By Jennifer Emert - bio | email

November 26, 2008

ALBANY, GA (WALB) - Southwest Georgia's October unemployment rate is up again for October and it's now higher than the state's average.  This is the largest October-to-October decline in jobs ever recorded.

Southwest Georgia's unemployment rate climbed 2.4 percentage points to 7.2 percent for October. Right now 343,093 workers are unemployed in Georgia.

Labor officials say it is not been one employer who's laid off employees but many employers who are streamlining their operations.

"All individual companies are, I like what you said, cutting the fat and I think that's very well put," said Tommie Chambers of the Department of Labor. "With the exception of companies that have no other choice I think at a time like this especially the holiday season time we are seeing a big cutting of the fat from a lot of companies."

The Department of Labor commends the President for approving the extension of unemployment insurance benefits for more than 90,000 Georgians who may be eligible under the new law.

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