The unemployment barometer would continue to worsen, peaking at 10.5 percent in October 2009 – and languishing in that vicinity until December 2010 – before starting a snail’s pace trend downward. It is down from 6 % in Jul. He stated the speed dropped as Georgia employers laid off the fewest staff for any month in additional than 15 years of time of time & continued to create jobs. The growth came mainly in the construction industry, which added 2,400 jobs. Factory orders increased by 1.8% in June, whose figure was revised from a previously estimated gain of 2.0%. Government lost 7,100 jobs.
The Bureau of Labor Statistics estimates Washington gained 92,200 jobs from August 2014 to August 2015, on a not seasonally adjusted basis, with 84,800 new jobs in the private sector and 7,400 new jobs in the public sector.
“This is the first time Georgia’s unemployment rate has dropped below 6 percent since May 2008″, Tennessee Labor Commissioner Mark Butler said in a statement today.
And, over the year, claims were down by 4,787, or 15.4 percent, from 31,122 filed in August 2014.
The slowdown in rate of job growth coupled with the absence of a significant wage pressure could lend strength to those who argue that there is little risk in maintaining the exceptionally low borrowing costs and wait not only for further encouraging data but also for the unruly markets to calm down. Ben Hames, deputy commissioner of the Workforce Division of the Georgia Department of Economic Development, said the effort will target “hard-to-fill and hard-to-train positions”.
Hames said information will soon be released about Georgia Worksmart, a new program which will help companies launch apprenticeship programs.