Southwest Georgia’s Jobless Rate Declines to 9.5% in August

Staff Report From Albany CEO

Friday, September 28th, 2012

The Georgia Department of Labor announced today that the preliminary unemployment rate in the Southwest Georgia area declined to 9.5 percent in August, down three-tenths of a percentage point from 9.8 percent in July. The rate was 10.2 percent in August 2011.

The rate decreased because there were 465 fewer layoffs in manufacturing, wholesale trade, professional and technical services, administrative and support services, and health care and social assistance. Also, the area’s labor force declined by 2,411, partially because some students left summer jobs to return to school.

Metro Athens continued to have the lowest area jobless rate at 6.7 percent, while the Heart of Georgia-Altamaha Regional Commission had the highest at 12.2 percent.

Meanwhile, Georgia’s seasonally adjusted unemployment rate was 9.2 percent in August, unchanged from July. The jobless rate was 9.9 percent in August a year ago.

The number of jobs in the state rose by 25,100, or six-tenths of a percentage point, from 3,914,100 in July to 3,939,200 in August. Georgia has created 49,700 jobs since August 2011 when there were 3,889,500 jobs.