New Figures Show Rising Unemployment Rate in Georgia | Georgia
(The Center Square) – One week after Georgian officials trumpeted what they said was record high unemployment, new numbers show the state’s unemployment rate is on the rise.
The state’s seasonally adjusted unemployment rate fell from 3.1% in April to 3% in May. However, preliminary figures released Thursday show the state’s unseasonally adjusted rate fell from 2.5% in April to 2.7% in May.
Every regional commission in Georgia recorded an increase in its unemployment rate in May.
“Even though the workforce has grown in all of our regions, counties and metropolitan service areas, job openings continue to outpace those gains, forcing employers to find talent for vacant positions,” said Georgia Labor Commissioner Mark Butler said in a statement. “Many areas of our state are having difficulty filling many of the seasonal and temporary jobs normally filled by summer workers, due to full-time employment opportunities.”
In the Atlanta area commission, which includes the counties of Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Fulton, Gwinnett, Henry and Rockdale, the unemployment rate fell from 2.5% in April to 2.7 % in May. The rate was 4.2% a year ago.
The River Valley Regional Commission, which includes counties in the Columbus area, had the highest unemployment rate in the state. Its unemployment rate fell from 3.4% in April to 3.6% in May; a year ago it was 5.3%.
Conversely, the Georgia Mountain Regional Commission, which includes counties in the Gainesville area, had the lowest unemployment rate in the state. Its unemployment rate rose from 1.8% in April to 2.2% in May and was lower than its rate of 2.9% a year ago.
A recent central square analysis federal labor force data released by the Federal Reserve Bank of St. Louis shows that the state’s labor force participation rate, which at 62.2% in April matched the national rate, has fallen over the past two decades.
According to the US Bureau of Labor Statistics, seasonal adjustment is “a statistical technique that attempts to measure and remove the influences of predictable seasonal trends to reveal how employment and unemployment change from month to month”. Preliminary figures could be revised next month.