Metro Albany jobless rate falls to 7.3% in November - WALB.com, South Georgia News, Weather, Sports

Metro Albany jobless rate falls to 7.3% in November

ALBANY, GA (WALB) -  The Georgia Department of Labor announced that Metro Albany's unemployment rate for November was 7.3 percent, down five-tenths of a percentage point from 7.8 percent in October.  The rate is one tenth of a point higher than the state average.

The Albany rate in November of last year was 8.1 percent. The rate fell as new jobs were added and new layoffs, as measured by initial unemployment insurance (UI) claims, dropped.

The national unemployment for November was 5.8 percent, unchanged from October, according to the Bureau of Labor Statistics. That is down 1.2 percentage points from November 2013, and the lowest unemployment has been since July 2008.

Metro Albany added 600 new jobs in November, pushing the total to 62,100, up 1.0 percent, from 61,500 in October. Most of the job growth came in the service-related industries, which includes trade, transportation and warehousing, job sectors associated with holiday hiring.

However, there was an over-the-year loss of 200 jobs, or 0.3 percent, from 62,300 in November 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 372 new claims for unemployment insurance filed in November, a decrease of 160, or 30.1 percent, from 532 in October. Most of the decrease in claims came in manufacturing, health care and social assistance, administrative and support services, and retail trade. Over the year, claims were down by 402, or 51.9 percent, from 774 filed in November 2013.

Metro Athens had the lowest area jobless rate at 5.0 percent, while the Heart of Georgia-Altamaha region had the highest at 9.0 percent.

Meanwhile, Georgia's seasonally-adjusted unemployment rate for November was 7.2 percent, down from a revised 7.6 percent in October. The decrease was the largest over-the-month drop on record and large enough to move Georgia's jobless rate out of last place among all states.

Georgia continues to be a national leader in job growth, adding 23,400 new jobs in November and 98,800 since November 2013. This pushed the job total to 4,192,600, the largest number since 4,202,100 in December 2007. Georgia ranks fifth among states in job creation.

Local area unemployment data are not seasonally adjusted. Georgia labor market data are available at www.gdol.ga.gov Connect with us on Facebook, YouTube and Twitter @GeorgiaDOL, which can be easily accessed via our website at www.gdol.ga.gov.



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