Albany’s Unemployment Rate Rises to 8.2% in December
Press release from the issuing company
Friday, January 31st, 2014
The Georgia Department of Labor announced today that metro Albany’s unemployment rate increased to 8.2 percent in December, up one-tenth of a percentage point from 8.1 percent in November. The rate was 9.4 percent in December a year ago.
The rate rose primarily because the number of new layoffs, represented by initial claims for unemployment insurance (UI) benefits, increased to 1,505, up by 731, or 94.4 percent, from 774 in November. Claims increased in several sectors, including manufacturing, construction, accommodations and food services, and administrative and support services. There were 798 claims in December 2012.
The number of jobs in Metro Albany declined in December to 62,000, a loss of 300 jobs mostly service-related industries. However, Metro Albany had an increase of 500 jobs, or 0.8 percent, since December 2012, when there were 61,500 jobs. Most of the gains came in trade, transportation and warehousing.
Metro Athens had the lowest area jobless rate at 5.2 percent, while the Heart of Georgia-Altamaha region had the highest at 10.2 percent.
Meanwhile, Georgia’s seasonally adjusted unemployment rate for December was 7.4 percent, down from 7.6 percent in November. The rate was 8.7 percent in December a year ago.
Local area unemployment data are not seasonally adjusted. Georgia labor market data are available at www.employgeorgia.com.