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Georgia's August 2012 unemployment rate was unchanged at 9.2%. This is the 2nd straight month at 9.2% and ties January for the highest rate rate for the state in 2012. There were an estimated 439,700 workers unemployed in the state for the month. This is up by roughly 1,500 over the prior month. Also, in August there were roughly 2,400 fewer individuals employed in Georgia, and just under 1,000 less in the total civilian workforce. These (relatively) small changes versus July led to the flat unemployment rate in August.
Georgia's current unemployment rate is 0.7% lower than the rate one year ago in August 2011. Back in 2011 there were around 469,700 unemployed individuals in the state. Compared to the 2011 number there are currently over 30,000 fewer unemployed individuals in Georgia. There are also approximately 64,200 more workers employed in the state in 2012 vs. 2011. There's also been a rise in the total Georgia workforce in the past 12 months of over 34,000. These sizable changes have resulted in the considerable drop in Georgia's unemployment rate over the past year. In comparison to the national average, however, Georgia's August rate remains much higher (1.1%) than the U.S. average of just 8.1%.
The State of Georgia continues to have one of the highest unemployment rates in the region. The States of Tennessee (8.5%), Florida (8.8%), Alabama (8.5%), and Mississippi (9.1%) all have lower rates in August. Only the State of South Carolina with an August unemployment rate of 9.6% is higher than Georgia. However, just like Georgia, many of the states in the region have also been experiencing higher unemployment rates in recent months.
The August 2012 results for Georgia's business sectors is mixed. Businesses that experienced employment gains for the month include Manufacturing, Information, Education & Health Services, and Leisure & Hospitality. Lower in August were Construction, Financial Activities, Professional & Business Services, and Government. The industry with the biggest percentage gain over the past year in Georgia was Professional & Business Services (up 4.8%). The largest decline (again by percentage) for the prior 12 months was Construction (down 6.7%). The business sector with the biggest employment numbers in August was in Trade, Transportation & Utilities with approximately 842,800 employed. Second in August was Government with around 665,000 employed.
Georgia's September employment results for Georgia will be made available later this month. When they are available, we'll once again review the state's industries and how it compares to the past and to it's neighbors. Please understand that previously published employment numbers could be altered sometime in the future.
Georgia's current unemployment rate is 0.7% lower than the rate one year ago in August 2011. Back in 2011 there were around 469,700 unemployed individuals in the state. Compared to the 2011 number there are currently over 30,000 fewer unemployed individuals in Georgia. There are also approximately 64,200 more workers employed in the state in 2012 vs. 2011. There's also been a rise in the total Georgia workforce in the past 12 months of over 34,000. These sizable changes have resulted in the considerable drop in Georgia's unemployment rate over the past year. In comparison to the national average, however, Georgia's August rate remains much higher (1.1%) than the U.S. average of just 8.1%.
The State of Georgia continues to have one of the highest unemployment rates in the region. The States of Tennessee (8.5%), Florida (8.8%), Alabama (8.5%), and Mississippi (9.1%) all have lower rates in August. Only the State of South Carolina with an August unemployment rate of 9.6% is higher than Georgia. However, just like Georgia, many of the states in the region have also been experiencing higher unemployment rates in recent months.
The August 2012 results for Georgia's business sectors is mixed. Businesses that experienced employment gains for the month include Manufacturing, Information, Education & Health Services, and Leisure & Hospitality. Lower in August were Construction, Financial Activities, Professional & Business Services, and Government. The industry with the biggest percentage gain over the past year in Georgia was Professional & Business Services (up 4.8%). The largest decline (again by percentage) for the prior 12 months was Construction (down 6.7%). The business sector with the biggest employment numbers in August was in Trade, Transportation & Utilities with approximately 842,800 employed. Second in August was Government with around 665,000 employed.
Georgia's September employment results for Georgia will be made available later this month. When they are available, we'll once again review the state's industries and how it compares to the past and to it's neighbors. Please understand that previously published employment numbers could be altered sometime in the future.
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