Figures released by the Georgia Department of Labor (GDOL) today show that Metro Albany’s unemployment rate dropped three tenths of a point in March, to 5.7 percent. It was six percent in February. The rate was 6.4 percent in March a year ago.
The number of unemployed residents dropped by 262 to 3,828. The labor force, which consists of employed residents and those who are unemployed, but actively looking for jobs, also declined by 405 to 67,309.
The number of layoffs declined by 170, or 25.4 percent, to 500. Most of the decrease came in educational services, professional and technical services, and administrative and support services.
The metro are lost 300 jobs, mostly in the service industries like trade, transportation and warehousing and the goods-producing sector, which includes manufacturing and construction.
But service industries, including retail trade, and state government created 1,700 jobs
Georgia’s seasonally-adjusted unemployment rate for March was 5.1 percent, down from 5.3 percent in February. It was 5.5 percent in March 2016.
In March, 1,102 new Albany job openings were posted on Employ Georgia.
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