The Georgia Department of Labor said Thursday that Gainesville recorded a drop in its unemployment rate in September.
According to a press release from the department, the city's unemployment rate was 2.6% in September, down five-tenths of a percent over the month. A year prior, the rate was 2.2%.
"Georgia reigns as the ultimate destination for business and economic opportunity," said Labor Commissioner Bruce Thompson. "However, with recent workforce reductions at Geico, Yellow Freight, and other companies throughout the state, we need to be cognizant of the financial pressures creating some instability within our existing business community. In today's ever-shifting global market, we must remain vigilant and lead with innovation."
The labor force increased in Gainesville by 932 and ended the month with 110,355, an all-time high. That number went up by 2,771 when compared to September 2022.
Gainesville finished the month with 107,501 employed residents, an all-time high. It also ended the month with 104,700 jobs, again an all-time high.
Initial unemployment claims decreased by 19 (-7%) in Gainesville.
