AJC: Despite downbeat talk, Georgia jobs surge
Georgia’s surging economy churned out 18,100 jobs last month as the unemployment rate fell to another all-time low, the state Department of Labor reported Thursday.
The continued growth reflects an unusual, if not unprecedented economic contradiction. The stock market is plunging, interest rates are rising, inflation is sky high and talk of recession starkly contrast with what seems a healthy and expanding economy. But expand it has: the state has added 244,100 jobs during the past 12 months, the DOL said.
WSBTV: Georgia unemployment rate hits new all-time low of 3% in May
Georgia’s unemployment rate hit a new record low of 3% in May as more people entered the labor force and more workers found jobs. The jobless rate ticked down from 3.1%, the previous all-time low, which was set in March and equaled in April. A year ago, 4.1% of Georgia workers were unemployed.
The number of workers on employer payrolls — the top labor market measure for many economists — rose by 17,000 in Georgia in May, reaching 4.77 million. That’s 237,000 above payroll levels last year.
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