Augusta Economy

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Augusta unemployment rate rose to 9.3 percent in June

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The Georgia Department of Labor on Thurs­day announced that metro Augusta’s unemployment rate increased to 9.3 percent in June, up from 8.3 percent in May.

The rate was 9.5 percent in June 2012.

The rate increased primarily because of two seasonal factors: Education workers are unemployed during the summer, and new graduates are considered unemployed until they find a job.

While the jobless rate increased, the number of jobs in metro Augusta grew by 300. All of the job growth came in the private sector, mostly in retail trade and professional and business services.

Over the year, the number of jobs increased by 4,100, or 1.9 percent, from 213,100 in June 2012. All of the job gains came in service-related industries in the private sector, while 200 jobs were lost in local government.

The labor force, which is the number of people employed plus those unemployed but actively looking for work, rose to 266,292 in June, up by 1,730 from 264,562 in May. It was up by 2,162 from 264,130 in June 2012.

Metro Athens had the lowest area jobless rate at 7.2 percent, while the Heart of Georgia-Altamaha region had the highest at 12.9 percent.

Georgia’s seasonally adjusted unemployment rate for June was 8.6 percent, up from 8.3 percent in May. The rate was 9.1 percent in June 2012. 

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soapy_725
43676
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soapy_725 07/25/13 - 07:32 am
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Another out of control roller coaster. Propaganda. BS.
Unpublished

Another out of control roller coaster. Propaganda. BS.

Shortcomment
1163
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Shortcomment 07/25/13 - 08:18 am
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Job cuts and ObamaCare

A significant portion of what we are seeing is employers cutting hours or trimming jobs as we run up to ObamaCare and the mandate to cover every 32+ Hr. employee.

They or their CPA's did the math and it is cheaper and more profitable to have 30 hr. part-time staff, than full timers.
So jobs are being cut and customer service reduced to 1 person at certain times of the day. Just to stay in business.

Yesterday we were at The Bank of America on Wheeler Rd.
There was ONLY 1 Teller working at around 10:50am, but there was a long line of people waiting.

So, get use to waiting on service America.

Remember ObamaCare was needed in order to cover 15 million people without healthcare.

The Government Account Office (GAO) has stated.
Given ObamaCare already approved exemptions of certain unions, DNC supporting groups and small business adjustments. We now have between 25 and 32 million that will NOT be covered.

Hows that Liberal Solution working America?

corgimom
32242
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corgimom 07/25/13 - 09:54 am
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Shortcomment, no, read the

Shortcomment, no, read the article again.

Total number of jobs INCREASED, but it wasn't enough to overcome the unemployed new graduates.

Bank of America is a national employer, they will be required to provide health care, they would not benefit in any way to cut their staff for that reason. To say "Oh, we'll cut staff to part time in Augusta GA so that we don't have to provide health care"- no, they have more than 50 people nationwide.

It's because of vacation pay, sick pay, and flexibility that they want part timers instead of full timers.

chascushman
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chascushman 07/25/13 - 04:44 pm
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The real unemployment in
Unpublished

The real unemployment in Augusta is more like 30% if you count the deadbeats that are not looking for a job. Just ride down the streets and look around.

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