Numbers for Georgia's unemployment are following standard trends seen annually statewide, and are not exempt from the local economic picture.
Georgia Labor Commissioner Bruce Thompson said Thursday that Gainesville recorded an unemployment rate of 3.2 percent in June, up six-tenths of a percent over-the-month. A year ago, the rate was 2.6 percent.
Commissioner Thompson says that, "Georgia is where opportunities abound, and innovation thrives. Every summer, our students and seasonal workers inject our workforce with a fresh wave of talent and energy. Although this may lead to a temporary rise in unemployment, their contributions are the driving force behind our businesses’ success and the engine propelling our economy forward."
The labor force decreased in Gainesville by 566 and ended the month with 115,054. That number went up by 3,650 when compared to June of 2023.
Gainesville finished the month with 111,370 employed residents. That number decreased by 1,222 over-the-month and rose by 2,917 when compared to the same time a year ago, while ending June with 110,700 jobs. That number decreased by 500 from May to June and rose by 3,700 when compared to the same time last year.
In Northeast Georgia, regionally, the unemployment rate was up six-tenths to 3.9 percent over-the-month, the rate was 3.3 percent one year ago as the labor force was up 310 over-the-month and up 10,804 over-the-year, to 339,840, an all-time high. The number of employed was down 2,002 over-the-month and up 8,395 over-the-year, to 326,487 as initial claims were up 297 over-the-month and up 261 over-the-year, to 1,309.
Thompson also notes that statewide, all of Georgia’s Regional Commissions reported a rise in June's unemployment rates for similar reasons.
For more information on jobs and current labor force data, you can visit Georgia LaborMarket Explorer for a comprehensive report.
http://accesswdun.com/article/2024/7/1254279/unemployment-rates-in-gainesville-statewide-increase-in-june