Metro Albany's Unemployment Rate Declines to 10.4% in October

Press release from the issuing company

Sunday, November 27th, 2011

The Georgia Department of Labor announced today that the preliminary unemployment rate in metro Albany decreased to 10.4 percent in October, down four-tenths of a percentage point from 10.8 percent in September. The jobless rate in metro Albany in October a year ago was also 10.8 percent.

The rate declined because there were fewer layoffs in retail trade and manufacturing.

Metro Athens had the lowest area rate at 7.5 percent, while metro Dalton had the highest at 12.7 percent.

Meanwhile, Georgia's seasonally adjusted unemployment rate declined to 10.2 percent in October, down one-tenth of a percentage point from 10.3 percent in September, as well as from October a year ago.

The rate dropped because Georgia added 26,500 jobs, up seven-tenths of a percentage point to 3,818,800 from 3,792,300 in September. While growth came in several sectors, 12,200 of the jobs occurred from early hiring in retail, transportation and warehousing, as employers prepared for the holiday season.

October is the 51st consecutive month Georgia has exceeded the national unemployment rate, which is currently 9.0 percent.