ATLANTA (AP) â Another month brought another all-time low for Georgia’s unemployment rate in December, when it fell to 2.6%.
For the third consecutive month, it is the lowest level since current records began in 1976, falling from 2.8% in November and less than half of the 5.3% reported in December 2021.
A record number of people have reported having a job in Georgia â more than 5 million. But the state’s workforce has barely increased, after being virtually flat for months, as demand from employers depletes the pool of available workers.
Georgia’s unemployment rate has fallen for 20 straight months since hitting a record high of 12.5% ââat the start of the pandemic in April 2020.
The number of unemployed Georgians fell to around 136,000 in December.
Employer payrolls â the main labor market measure for many economists â rose by 24,000 in Georgia in December, reaching 4.64 million. That’s 200,000 above payroll levels last year.
Wage bills remain slightly below their pre-pandemic peak according to the survey of employers, which is separate from the survey of individuals and sometimes records different results.
The national unemployment rate fell to 3.9% in December from 4.2% in November.
The Georgia Department of Labor released the employment numbers Thursday. They have been adjusted to cancel seasonal variations.
“While our unemployment rate is one of the lowest in the country, we need to focus on getting people back into the workforce to fill the jobs that Georgian businesses are creating,” Labor Commissioner Mark Butler said. in a press release. “It’s been one of the best times we’ve seen for finding a job.”
About 6,700 Georgian workers applied for new unemployment benefits in the week ended January 15. New jobless claims have fallen to pre-pandemic levels in the state.
The total number of people collecting regular state unemployment was about 39,000 in the week ended Jan. 8.
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