Augusta Economy

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Area jobless claims decline 10 percent

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Initial claims for unemployment, an indicator of layoff activity, declined in the Augusta metro area 10 percent from May to June, according to data from the Georgia Department of Labor.

The department reported Thursday that there were 1,818 new jobless claims filed in June, down from 2,019 in May.

In Georgia, the number of layoffs declined by 15 percent, from 46,882 in May to 39,777 in June. The decrease came mostly in manufacturing, construction, trade, administrative and support services, health care and social assistance, and professional, scientific and technical services.

A year ago, there were 1,999 initial claims in the Augusta metro area, about 9 percent higher than June. Statewide, the year-ago comparison was 18 percent lower in June compared to June 2012.

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Little Lamb
43881
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Little Lamb 07/18/13 - 10:14 am
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Statistics

The first sentence in the last paragraph is not clear. It can be interpreted more than one way.

It could be read that the May, 2012 initial claim number was 1,999; thus making the word "June" refer to 2012.

Or it could be read that the June, 2012 number was 1,999; thus making the word "June" refer to 2013.

But they are just labor statistics — not meaningful in the grand scheme of things.

PhiloPublius
386
Points
PhiloPublius 07/18/13 - 10:32 am
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Learn to Math

Allow me to translate this for you...
"Good news, we have fired so many people over the last 8 years, that we simply can't fire anymore!"

Are people in this country so dumb that they actually think this is good news?

Goes to show you that stupid people can be swayed into believing anything by spinning the numbers...

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