The Georgia Department of Labor announced Thursday that the state has reached a major economic milestone, surpassing 5 million jobs for the first time in state history.

According to the latest labor report, Georgia recorded 5,002,400 jobs in May, an all-time high. The state’s labor force also reached a record 5,470,704, while total employment climbed to a new high of 5,283,862.

Georgia’s unemployment rate fell to 3.4 percent in May, down from a revised 3.5 percent in April and well below the national unemployment rate.

“Five million jobs, an all-time high labor force, and record employment in a single month: This is what a modern, adaptable economy looks like when it works for all Georgians,” said Georgia Labor Commissioner Bárbara Rivera Holmes.

The state added 6,900 jobs during May and has now experienced job growth for three consecutive months. Employment increased by more than 56,000 jobs over the past year.

Among the industries posting the largest gains in May were accommodation and food services, administrative and support services, transportation and warehousing, local government and state government.

Over the past year, health care and social assistance led all sectors with nearly 25,000 new jobs added statewide.

The labor department also reported that initial unemployment claims declined in May, another sign of continued strength in Georgia’s workforce and economy.