Augusta’s Unemployment Rate Rises

WNRR Augusta – GA Press Release

The Georgia Department of Labor reported today that the
unemployment rate in the metro Augusta area rose to a preliminary 6.7
percent in July, up six-tenths of one percent from a revised 6.1 percent in
June.

State Labor Commissioner Michael Thurmond said, “We are experiencing
a rising tide of unemployment not seen in Georgia in more than fifteen
years. The surge of jobless workers into our career centers is
challenging our ability to keep pace with the demand for assistance at a time
when it is most needed. We ask our customers for their patience and
cooperation as we work together to meet and overcome these economic
challenges.”

Meanwhile, the state’s seasonally adjusted unemployment rate rose to
6.2 percent in July, up six-tenths of one percent from 5.6 percent in
June. The July rate was the highest recorded since March of 1993.

The current adjusted state rate, which is five-tenths of one percent
higher than the U.S. seasonally-adjusted rate of 5.7 percent, continued
to top the national rate for the sixth straight month. At present,
304,536 unemployed Georgians are now looking for work.

At the same time, initial unemployment insurance claims, which are
considered to be a leading economic indicator, rose by 30 percent in
Georgia in July to 59,165.

Preliminary unadjusted data show Georgia lost 46,600 payroll jobs from
June to July, a decrease of 1.1 percent. The job losses came
across-the-board in manufacturing, construction, trade, and services. In metro
Augusta, the number of jobs was down 3,800, or 1.7 percent, from 218,800
to 215,000.

The local area unemployment rates are not seasonally adjusted. Georgia
labor market data are available at www.dol.state.ga.us.

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