Metro Albany's unemployment rate falls to 7.9% in October - WALB.com, South Georgia News, Weather, Sports

Metro Albany's unemployment rate falls to 7.9% in October

Statewide jobless chart from the GA DOL Statewide jobless chart from the GA DOL
ALBANY, GA (WALB) - The Georgia Department of Labor announced today that Metro Albany's unemployment rate for October was 7.9 percent, down three-tenths of a percentage point from 8.2 percent in September. The rate in October of last year was 8.6 percent.

The rate fell as Metro Albany added 600 jobs in October. The total number of jobs increased to 61,600, up from 61,000, or 1.0 percent, from September. Much of the job gain came in the service-related industries, including wholesale trade, transportation and warehousing, which are the job sectors associated with holiday hiring.

However, there was an over-the-year loss of 200 jobs, or 0.3 percent, from 61,800 in October 2013. The losses came in trade, transportation and warehousing, the federal government, and the goods-producing sector, which includes manufacturing and construction.

Also, there were 532 new claims for unemployment insurance filed in October, a decrease of 52, or 8.9 percent, from 584 in September. Most of the decrease in claims came in manufacturing and construction and accommodations and food services. Over the year, claims were down by 338, or 38.9 percent, from 870 filed in October 2013.

Metro Athens had the lowest area jobless rate at 5.4 percent, while the Heart of Georgia-Altamaha region had the highest at 9.3 percent.

Meanwhile, Georgia's seasonally-adjusted unemployment rate for October was 7.7 percent, down from 7.9 percent in September. It was 7.8 percent in October 2013. Georgia added 33,800 new jobs in October and 96,000 since October 2013, pushing its job total to 4,166,400, the largest number since May of 2008.

Local area unemployment data are not seasonally adjusted. Georgia labor market data are available at www.gdol.ga.gov

Copyright  2014 WALB.  All rights reserved.
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