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Saturday July 11th, 2020 10:33PM

Gainesville jobless rate drops to 8-percent for May as economy slowly recovers from health crisis

By AccessWDUN Staff

As the COVID-19 health crisis continues in Georgia, all of the state's metropolitan statistical areas (MSAs) continue to see reduced annual growth, but there was improvement from April to May, according to Georgia Labor Commissioner Mark Butler. 

"The fact that almost every single monthly indicator in May’s job market report was positive shows great promise to Georgia’s economy up ahead,” said Butler in a press update issued Thursday morning. “Seeing these monthly numbers begin to increase means that we are definitely heading back in the right direction.”  

In Gainesville, the unemployment rate decreased by 2.7 percentage points in May, reaching 8-percent; a year ago, the rate was 2.7 percent. 

Gainesville ended May with 85,800 jobs. That number increased by 400 from April to May but was down by 7,500 when compared to this time last year.

The labor force decreased in May by 215 and ended the month with 96,628. That number is down 4,741 when compared to May of 2019. 

Gainesville finished the month with 88,911 employed residents.  That number increased by 2,383 over the month but is down by 9,706 when compared to the same time a year ago. 

The number of unemployment claims went down by 45 percent in May to 13,451. When compared to last May, claims were up by about 4,325 percent.

Employ Georgia, the GDOL’s online job listing service at employgeorgia.com showed about 1,096 active job postings in metro Gainesville for May.

 

  • Associated Categories: Homepage, Business News, Local/State News, Submitted News
  • Associated Tags: GDOL, Georgia Department of Labor , Gainesville metro unemployment, May jobs numbers
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