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Georgia’s jobless rate at a 17-year low, 4.1 %

Georgia’s Labor Commissioner, Mark Butler, announced on Thursday that the state has set records for employed residents, labor force, and jobs for June – which is continuing a trend from recent months.

Georgia is approaching the 5-million mark for employed residents. At the same time, Georgia posted more than 4.5 million jobs and a labor force of almost 5.2 million.

Meanwhile, the jobless rate dropped to a level not seen since 2001 even as the national rate ticked up 0.2 percent.

“While the nation’s jobs and unemployment numbers are beginning to level off, Georgia continues to improve across just about every metric,” said Butler. “Georgia remains one of the premier states in which to live and work.”

Georgia hit a record high 4.94 million employed residents in June. That number was up by 15,345 over the month and by more than 123,452 since June 2017.

Likewise, Georgia’s labor force continued to climb, increasing by 10,401 in June to a record high of about 5.1 million. It has grown by 97,510 over the last 12 months.

Georgia’s June unemployment rate came in at 4.1 percent, down 0.1 percent over the last month. The state rate was 4.7 percent a year ago. The national unemployment rate is slightly better at 4 percent, though the gap has narrowed over the last year.

Jobs were also up by 14,200 in June to over 4.5 million, an all-time high. Over the past 12 months, Georgia added 77,300 jobs.

Butler said all of these numbers continue trends going back many months.

“Georgia’s labor force and job market are as big as they have ever been, and they continue to grow,” said Butler.

Most of those job gains came in the professional business services; other services; and the trade, transportation, and utilities industry.

Over the past year, Georgia has added more than 10,000 jobs in each of the following sectors: trade, transportation and utilities; education and health services; construction; and leisure and hospitality. Construction in particular is continuing to have a very strong year, seeing growth of 8.8 percent over the year. This is the largest year-over-year percent gain since August 1999.

“When you see that big of a jump in construction jobs over the year, that points to a strong economy,” said Butler.

The number of unemployment claims filed in June was down about 2 percent and remain down by nearly 15 percent over the last year.

There were 57,752 jobs posted on during June. Of those jobs, 36 percent were for STEM occupations.

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