State Labor Commissioner Mark Butler said today that Georgia set a record in August for total jobs, surpassing 4.5 million for the first time. According to Butler, other key indicators like new unemployment claims, increasing workforce and the total number of employed residents showed Georgia’s economy continues to be strong.
The August unemployment rate was unchanged from July at 4.7 percent. That compares favorably to last August when the rate was 5.3 percent.
From July to August, Georgia gained 19,800 jobs, a 0.4 percent rise, which increased the total number of jobs to 4,510,200. Since August 2016, Georgia has gained 116,500 jobs, a 2.7 percent growth rate. The state is outpacing the national job growth rate of 1.4 percent.
The top monthly job growth came in professional/business services, government and manufacturing. Seasonal job losses came in leisure and hospitality, 2,000.
The total number of employed residents rose by 9,910 to 4,811,281 from July to August, and there are 141,592 more Georgians employed now than in August 2016.
Georgia’s year-over-year job growth came mostly in professional/business services, leisure and hospitality and trade, transportation and warehousing. Construction lost 1,500 jobs.
At the same time, unemployment claims were down by 4,622, or 16.3 percent, to 23,803 – another good sign for Georgia’s economy. Manufacturing had the most claims last month. But August saw 3,500 fewer claims filed in that sector.
Over the year, unemployment claims were down by 3,435, or 12.6 percent, from 27,238 in August 2016.