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Georgia’s Unemployment Rate Rises To 5.5 Percent In March
The fine print explains why: "Officials said it was the additional labor force growth that caused the rate increase."
Georgia’s Unemployment Rate Rises To 5.5 Percent In March
Thursday, April 14, 2016
The Georgia Department of Labor announced Thursday that the state’s seasonally adjusted unemployment rate in March was 5.5 percent, up one-tenth of a percentage point from 5.4 percent in February. The rate was 6.2 percent in March 2015.
“Even though the rate went up slightly, March was really a good month for Georgia’s labor market,” said State Labor Commissioner Mark Butler. “Our employers created 12,600 jobs, which is much stronger than the average for the same period over the last three years, and they had fewer lay offs.
Our labor force grew by 21,570, bringing the total growth this year to more than 55,000.”
Officials said it was the additional labor force growth that caused the rate increase. While jobseekers are searching for work, they’re counted as unemployed. The number of unemployed in Georgia rose by 4,827. There were also 16,743 more Georgians employed in March.
Thursday, April 14, 2016
The Georgia Department of Labor announced Thursday that the state’s seasonally adjusted unemployment rate in March was 5.5 percent, up one-tenth of a percentage point from 5.4 percent in February. The rate was 6.2 percent in March 2015.
“Even though the rate went up slightly, March was really a good month for Georgia’s labor market,” said State Labor Commissioner Mark Butler. “Our employers created 12,600 jobs, which is much stronger than the average for the same period over the last three years, and they had fewer lay offs.
Our labor force grew by 21,570, bringing the total growth this year to more than 55,000.”
Officials said it was the additional labor force growth that caused the rate increase. While jobseekers are searching for work, they’re counted as unemployed. The number of unemployed in Georgia rose by 4,827. There were also 16,743 more Georgians employed in March.