Wednesday November 25th, 2015 8:27PM

Georgia's unemployment rate drops to 8.7 percent

By The Associated Press
ATLANTA (AP) The Georgia Department of Labor announced today that Georgia's seasonally adjusted unemployment rate decreased to 8.7 percent in August, down one-tenth of a percentage point from 8.8 percent in July. The rate was three-tenths of a percentage point lower than 9.0 percent in August a year ago. The decline follows three consecutive months of rate increases.

"The primary reason the rate dropped is that we had a significant reduction in layoffs, in fact, the fewest since September 2007," said State Labor Commissioner Mark Butler. "Also, we had a small increase in the number of jobs."

There were 35,503 new layoffs, represented by initial claims for unemployment insurance, 18,603, or 34.4 percent, fewer than the 54,106 in July. Much of the decline came in manufacturing, as workers who were temporarily laid off in July returned to work in August. Fewer claims also came in construction, trade, and administrative and support services.

Also, the number of initial claims was down by 10,222, or 22.4 percent, from 45,725 in August 2012. Reductions were mostly in manufacturing, construction, trade, and administrative and support services.

There were 4,045,100 jobs in August, up by 3,000 from 4,042,100 in July. Government added 10,700 jobs, as education workers returned to the public schools after the summer vacation. However, the gain was offset somewhat by the loss of 7,700 private sector jobs, mostly in professional and business services.

"The job gains that we normally would have in August, especially in the private sector, occurred in June and July, two months in which we normally lose thousands of jobs," Butler said. "As far as the overall number of jobs, we are much better off this August than last."

Georgia gained 82,300 jobs, or 2.1 percent, since August 2012 when there were 3,962,800 jobs. The gains came in several sectors, including: professional and business services, 28,600; leisure and hospitality, 21,600; education and health services, 19,100; trade and transportation, 16,700; construction, 5,100; financial services, 3,300; and information services, 2,000. Government has lost 8,900 jobs in the past year.

The labor force, which is the number of people employed plus those unemployed but actively looking for work, declined by 16,172 to 4,796,957 in August, down from 4,813,129 in July. And, it was also down by 9,521 from 4,806,478 in August 2012.

There were 176,300 long-term unemployed workers, down by 3,600, or 2.0 percent, from 179,900 in July. This was the fewest since 168,200 in December 2009.
© Copyright 2015
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Missing Ga. bank director arrested in Brunswick
A bank director accused of losing millions of investors' dollars before vanishing last year was arrested Tuesday during a traffic stop in a city in south Georgia.
7:00PM ( 1 year ago )
S&P 500 index has its best year since 1997
The stock market closed out a record year with more all-time highs on Tuesday, giving U.S. indexes their biggest annual gains in almost two decades.
6:56PM ( 1 year ago )
Colorado readies for 'Green Wednesday' pot sales
Police were adding extra patrols around pot shops in eight Colorado towns that plan to allow recreational sales to anyone over 21 on Jan. 1.
1:52PM ( 1 year ago )
Business News
Sex offender held in Hall County for failing to register
A 47-year-old man was booked into the Hall County Jail Tuesday, being held without bond for allegedly failing to register as a sex offender, his second such arrest.
6:09PM ( 1 year ago )
Pharmacy robberies may involve same suspect
Oakwood Police Tuesday afternoon released details in a pharmacy robbery they're investigating, similar to one that happened in the Hall County Tuesday morning.
5:46PM ( 1 year ago )
Victim critical following apartment fire
A 41-year-old woman was in critical but stable condition Tuesday after being rescued from an apartment fire in Forsyth County late Monday afternoon.
3:16PM ( 1 year ago )
Local/State News
The big getaway: Thanksgiving travelers hit the road and pack airports, despite terror fears
LOS ANGELES (AP) — The big Thanksgiving getaway went into full swing Wednesday with drivers delighted by the lowest November gas prices in years and many airline passengers undaunted by terrorism fear...
7:10PM ( 1 hour ago )
Traffic slowed Wed. afternoon by overturned dump truck on Candler Hwy.
Traffic was slowed on Candler Highway in Gainesville Wednesday afternoon because of an overturned dump truck near Cottrell Trailers.
3:39PM ( 4 hours ago )
Gainesville officials say 2,600 gallons of sludge accidentally pumped into Flat Creek
City officials said an estimated 2,600 gallons of sludge was accidentally pumped into Flat Creek Tuesday evening.
2:31PM ( 5 hours ago )
Man faces charges in Hall subdivision home invasion
A 20-year-old Gainesville man faces charges in an early September home invasion in Hall County.
12:12PM ( 8 hours ago )
Police probe killing after man found dead inside Lawrenceville home
Police are investigating the killing of a man whose body was found inside a home in the Lawrenceville area outside Atlanta.
By Associated Press
12:05PM ( 8 hours ago )