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Rome’s unemployment rate lowest since 2008

The Georgia Department of Labor announced today that Floyd County’s unemployment rate for November was 5.8 percent, down five-tenths of a percentage point from 6.3 percent in October. The rate in November 2014 was 6.9 percent.

At 5.8 percent, Rome’s rate is at its lowest point since April 2008 when it was 5.2 percent.

The rate declined as employers created 200 jobs in November, due largely to holiday hiring. The number of jobs increased to 41,100, or 0.5 percent, from 40,900 in October. Most of the increase came in retail trade, transportation and warehousing.

Over the year, Rome gained 500 jobs, a growth rate of 1.2 percent, up from 40,600 in November 2014. Most of the job gains came in education. health services, and retail trade, along with the goods-producing sector, which includes manufacturing and construction.

Also, the number of initial claims for unemployment insurance declined by 96, or 19 percent, to 409 in November. Most of the decrease came in manufacturing. Over the year, claims were up by 77, or 23.2 percent, from 332 in November 2014.

The unemployment rate in the Northwest Georgia region in November was 5.2 percent, down four-tenths of a percentage point from 5.6 percent in October. The rate in November 2014 was 6.4 percent.

At 5.2 percent, Northwest Georgia’s rate is at its lowest point since January 2008 when it also was 5.2 percent.

The rate declined as the number of employed residents increased by 1,868 to 375,352 from 373,484 in October.

At the same time, the number of initial claims for unemployment insurance rose by 261, or 7.9 percent, to 3,552 in November. Most of the increase came in construction. Over the year, claims were up by 373, or 11.7 percent, from 3,179 in November 2014.

Metro Gainesville had the lowest area jobless rate at 4.2 percent, while the Heart of Georgia-Altamaha region had the highest at 6.8 percent.

Meanwhile, Georgia’s seasonally-adjusted unemployment rate for November was 5.6 percent, down from 5.7 percent in October. It was 6.7 percent in November 2014.

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