Augusta Economy

More News | Fort Gordon | Plant Vogtle | Savannah River Site | Editor

Metro Augusta jobless rate best since 2008

Thursday, Dec. 26, 2013 1:29 PM
Last updated Friday, Dec. 27, 2013 1:22 AM
  • Follow Business

The metro Augusta unemployment rate dipped under 7.5 percent for the first time in five years.

The Georgia Department of Labor reported Thursday that November’s jobless rate for the six-county area was 7.4 percent. The last time it was that low was in late 2008 as the recession was heating up.

The rate declined from October’s 8.1 percent because more jobs were created and layoffs were down, state labor officials reported. Metro Augusta employers added 700 jobs in November, most of them in retail. Initial claims for unemployment benefits were down by more than 400 people in November.

April is normally the lowest point for the unemployment rate in metro Augusta because of the Masters Tournament. The rate was 7.6 percent this year.

Over the year, jobs were up by 900 from 215,600 in November 2012. The job gainers were in education and health care, retail trade, and leisure and hospitality.

The unemployment rate for Georgia last month was 7.3 percent. It was 7.1 percent in South Carolina.

Metro Athens had the lowest area jobless rate at 5.1 percent, while the Heart of Georgia-Altamaha region had the highest at 10 percent.

The jobless percentage declined for all six counties in the metro area. Richmond County at 8.8 percent has not been this low since December 2008, when it was 8.6 percent.

COUNTY BY COUNTY

Richmond County: 8.8 percent in November, down from 9.4 percent in October, down from 10.1 percent in November 2012.

Columbia County: 5.9 percent in November, down from 6.2 percent in October, down from 6.6 percent in November 2012.

Aiken County: 6.7 percent in November, down from 7.8 percent in October, down from 7.4 percent in November 2012.

Burke County: 9.4 percent in November, down from 9.7 percent in October, down from 11.0 percent in November 2012.

Edgefield County: 7.1 percent in November, down from 8.3 percent in October, down from 8.4 percent in November 2012.

McDuffie County: 8.7 percent in November, down from 9.3 percent in October, down from 9.8 percent in November 2012.

Source: Georgia Department of Labor, South Carolina Department of Employment and Workforce

Comments (9) Add comment
ADVISORY: Users are solely responsible for opinions they post here and for following agreed-upon rules of civility. Posts and comments do not reflect the views of this site. Posts and comments are automatically checked for inappropriate language, but readers might find some comments offensive or inaccurate. If you believe a comment violates our rules, click the "Flag as offensive" link below the comment.
RunningMan
346
Points
RunningMan 12/26/13 - 03:48 pm
2
0
Good report to have going

Good report to have going into 2014. Hopefully the same will be said come 2015. Good Stuff!!!

itsanotherday1
45235
Points
itsanotherday1 12/26/13 - 03:52 pm
4
1
Gee, Augusta's unemployment

Gee, Augusta's unemployment rate is lower than the state in general. Must be our higher wages, right?

Pops
10300
Points
Pops 12/26/13 - 05:24 pm
2
2
Hiring seasonal holiday

workers may have something to do with the better numbers.....

KSL
134066
Points
KSL 12/26/13 - 06:23 pm
2
1
Wow

The stimulus is finally kicking in! Talk about trickle down.

corgimom
33877
Points
corgimom 12/26/13 - 06:38 pm
2
1
According to my calculations,

According to my calculations, an unemployment rate of 7.4% means that over 16,000 people are out of work.

I hope people realize that when they start talking about how "all welfare recipients and food stamp recipients should WORK."

Does anybody know of 16,000 unfilled jobs in the Metro Augusta area?

teaparty
11313
Points
teaparty 12/26/13 - 06:58 pm
3
2
Things will get better when
Unpublished

Things will get better when we get the communist out of the whitehouse.

corgimom
33877
Points
corgimom 12/26/13 - 07:33 pm
2
1
Things will get better?

Things will get better?

Looked at the stock market lately?

nocnoc
44710
Points
nocnoc 12/27/13 - 08:51 am
2
0
Something doesn't jive

1st.
The ARC Labor force shrank, almost in direct correlation to the unemployment drop. Are we losing population or are people seeking employment across the county line?

ISSUE
The US Labor dept numbers don't seem to be as up to date?
Their last posted numbers OCT 2013, show 8.1% or 20,800 Unemployed (p)

http://www.bls.gov/eag/eag.ga_augusta_msa.htm

Some History to reflect on
1. Wall St. great numbers, a serious word of advice, remember:
The week before the 1929 crash Stocks were at an all time high.
Bubbles pop (burst) eg. Housing market.

1929
http://2.bp.blogspot.com/-GOKwunb-S-g/TtL0HK0N_hI/AAAAAAAAATA/cBML1YmFmw...

1987
http://www.generationaldynamics.com/ww2010/dj8788.gif

1999-2007 roller coaster ride

Remember our Stock market has been propped by the US Fed
loaning $$$ at a very low rate. The US$ is weak, inflated and we continue to borrow against it. Right now the TAXPAYERS thanks to Federal waste and overspending for votes and pockets, owe almost if not already, $17 TRILLION.

According to HTTP://www.usgovernmentrevenue.com
that is over 3 years of total TAXES collected?
We have allowed our country to be pawned 3x times over.

teaparty
11313
Points
teaparty 12/27/13 - 09:33 am
1
1
"Looked at the stock market
Unpublished

"Looked at the stock market lately?"
The stock market is going up BECAUSE THE FED IS PRINTING $85 B A MONTH and most is going in to the market. It seems there are many naive people out there. but then that is how the communist got elected.

corgimom
33877
Points
corgimom 12/27/13 - 12:34 pm
0
1
I can't speak for anywhere

I can't speak for anywhere else, but here in Charlotte, commercial building has exploded. Everywhere you look, there's commercial building going up- and that's a huge indicator.

If things "are going to get better", woo hoo, I could be sitting in some tall cotton, I'm doing quite well right now!

Dixieman
15855
Points
Dixieman 12/27/13 - 04:11 pm
2
0
Um, folks...

...the official Department of Labor unemployment rate divides (# of people actively looking for work in the last four weeks)/(# of people in the labor force). If you despair and quit looking for work, the unemployment rate goes down -- which is what is going in America today! Much more meaningful is total # of jobs in our economy which is still declining thanks to O administration terrible policies.

teaparty
11313
Points
teaparty 12/27/13 - 05:23 pm
1
0
"I can't speak for anywhere
Unpublished

"I can't speak for anywhere else, but here in Charlotte, commercial building has exploded."
yeah, most likely banks they can borrow $$ from the fed at 0% interest $85B/month. The rich are getting richer and the middle class is getting screwed. In most socialist countries there is no middle class and that is where we are headed. So many dumb people keep supporting the Marxist idiot in the whitehouse.

Back to Top

Top headlines

ARC to honor 1956 championship team

Because the championship year of 1956 has never lost its glory in Richmond Academy football lore, the team will be honored Thursday at the third annual ARC Hall of Fame banquet, where 10 alumni ...
Search Augusta jobs