Augusta Economy

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Augusta jobless rates rises

Thursday, Jan. 26, 2012 6:51 AM
Last updated 6:11 PM
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ATLANTA – The Georgia Department of Labor announced today that the preliminary unemployment rate in metro Augusta rose to 8.9 percent in December, up two-tenths of a percentage point from 8.7 percent in November. According to a news release, the jobless rate in metro Augusta in December a year ago was 8.8 percent.

The rate increased because there were fewer employed residents and the number of jobs declined by 900, mostly in professional and business services.

Metro Athens and Warner Robins had the lowest area rates at 7.3 percent, while Dalton had the highest at 12.1 percent.

Meanwhile, Georgia’s seasonally adjusted unemployment rate declined in December for the third straight month, dropping to 9.7 percent, down from a revised 9.8 percent in November. The jobless rate was 10.4 percent in December a year ago.

The state rate declined because 11,500 Georgians went back to work in December. Statewide, there were 600 new construction jobs, and manufacturing grew by 400 jobs. Job gains also came in information services and trade and transportation.

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augusta citizen
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augusta citizen 01/26/12 - 08:26 am
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Too bad, but it is what it

Too bad, but it is what it is.

Little Lamb
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Little Lamb 01/26/12 - 08:39 am
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From the article: . . . and

From the article:

. . . and the number of jobs declined by 900 . . .

This is happening all over the country. The number of jobs is declining. All the news media focus on is unemployment rate. They don't get into what is happening to the overall labor market. The unemployment rate is a ratio: numerator is number of people seeking employment; denominator is available jobs. If the denominator is shrinking, we are in trouble.

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