Georgia’s Unemployment holds Steady for the Holidays

Georgia Labor Commissioner Bruce Thompson announced that Georgia’s November unemployment rate was 3.4 percent, unchanged from a revised 3.4 percent for the third consecutive month. The unemployment rate was three-tenths lower than the national unemployment rate. “This holiday season, the greatest gift we can give Georgians is a future filled with opportunity,” said Commissioner Bruce Thompson. “With record-high job numbers, a thriving economy that stands among the nation’s best, and a workforce eager to embrace new opportunities, Georgia is poised to enter the new year with hope and boundless possibilities for all.” Jobs were up by 14,300 (0.3%) over the month and up by 103,700 (2.1%) over the year to 4,952,400, an all-time high. The labor force was up by 11,263 to 5,360,517, an all-time high, and was up by 126,963 over the past 12 months. The labor force participation held at 61.6 percent and is up from 61.0 percent since the beginning of the year. The number of employed was up by 9,755 to 5,176,059, an all-time high, and was up by 104,565 over the past 12 months. The employment-to-population ratio was unchanged at 59.5 percent. Initial claims were up by 647 (3%) over the month to 22,316 in November.  Initial claims were down by 3,202 (13%) over the year.