unemployment rate Archives - The Georgia Star News

Georgia Policy Group Warns That State’s Labor Force Participation Rate Lags Behind Other States

April 21, 2022April 21, 2022 The Center Square

While state officials touted their recent unemployment numbers as an all-time record, a state organization says a deeper analysis of the numbers shows a troubling undercurrent.

Georgia’s unemployment rate in March dropped to an all-time low of 3.1%, down from February’s revised rate of 3.2%, as the number of employed Georgians also hit a record high. Georgia is tied with Arkansas for the 16th lowest unemployment rate, according to an analysis from the Georgia Center for Opportunity (GCO).

The U.S. Has Nearly Recovered All the Jobs Lost to COVID Lockdowns

April 2, 2022April 1, 2022 Georgia Star News Staff

The U.S. economy recorded an increase of 431,000 jobs in March as COVID-19 concerns ease and more Americans seek work to combat the surging cost of living.

Total nonfarm payroll employment increased by 431,000 in March while the unemployment rate dipped to 3.6%, according to the Bureau of Labor Statistics (BLS). Economists surveyed by Dow Jones predicted the U.S. economy would add 490,000 jobs.

Commentary: The Unemployment Rate Does Not Offer Guidance Now

October 26, 2021October 25, 2021 RealClearWire

The Labor Department’s official unemployment rate—the most well-known gauge of the labor market’s health—counts as unemployed only those who aren’t working but are actively seeking a job.

Yet there is very little that we can infer from the jobless rate about the health of the economy. The unavoidable conclusion is that the only reason investors follow the calculation is because both Washington’s politicians and the Federal Reserve are expected to react to it.

U.S. Economy Added 194,000 Jobs in September, Badly Missing Expectations

October 9, 2021October 8, 2021 Georgia Star News Staff

Person using a laptop, pointing to the screen

The U.S. economy reported an increase of 194,000 jobs in September, and the unemployment rate fell to 4.8%, according to Department of Labor statistics.

The number of unemployed people fell by 710,000 to 7.7 million, according to the Department of Labor statistics released Friday. Economists projected that employers created 500,000f jobs in September, more than double the figure in August, according to the Wall Street Journal.

Despite the spike in employment, the labor market remains thin due to the pandemic, and job growth earlier in the year was considerably stronger, according to the WSJ.

Locales Across Georgia See Good Employment News; Big-Government and Union-Friendly States Less Well-Off

September 25, 2021September 24, 2021 Bradley Vasoli

Georgia has a lower percentage of unemployed residents now than it did immediately before COVID-19 arrived, with some locales, like Warner Robins, experiencing their lowest jobless rates ever.

In Sept. 2020, around six months after the pandemic hit, the small city just south of Macon had a 5.3-percent jobless rate. Two months ago, Warner Robins’s rate fell to 2.9 percent, the city never before having seen such a small fraction of its residents out of work.

U.S. Added 379,000 Jobs in February, Unemployment Rate Fell to 6.2 Percent

March 6, 2021March 5, 2021 Georgia Star News Staff

The U.S. economy reported an increase of 379,000 jobs in February while the unemployment rate fell to 6.2%, according to Department of Labor data released Friday.

Total non-farm payroll employment increased by 379,000 in February, according to the Bureau of Labor Statistics (BLS) report, and the number of unemployed persons fell slightly to 10 million. Economists projected 210,000 Americans to be added to payrolls and the unemployment rate to increase to hold at 6.3% prior to Friday’s report, according to The Wall Street Journal.

U.S. Added 49,000 Jobs in January, Unemployment Rate Fell to 6.3 Percent

February 6, 2021February 5, 2021 Georgia Star News Staff

The U.S. economy reported an increase of 49,000 jobs in January while the unemployment rate fell to 6.3%, according to Department of Labor data released Friday.

Total non-farm payroll employment increased by 49,000 in January, according to the Bureau of Labor Statistics report, and the number of unemployed persons fell to 10.1 million. Economists projected 50,000 Americans to be added to payrolls and the unemployment rate to increase to come in at 6.7% prior to Friday’s report, according to the WSJ.

New Jobless Claims Decrease to 779,000, Economists Expected 830,000

February 5, 2021February 4, 2021 Georgia Star News Staff

The number of Americans filing new unemployment claims decreased to 779,000 last week as the economy continued to suffer the effects of the ongoing coronavirus pandemic, according to the Department of Labor.

The Bureau of Labor and Statistics (BLS) figure released Thursday represented a decrease in the number of new jobless claims compared to the week ending Jan. 23, in which there were 847,000 new jobless claims reported. Roughly 17.8 million Americans continue to collect unemployment benefits, according to the BLS report Thursday.

New Jobless Claims Spike to 965,000, Economists Expected 800,000

January 15, 2021 Georgia Star News Staff

The number of Americans filing new unemployment claims increased to 965,000 last week as the economy continued to suffer the effects of the ongoing coronavirus pandemic, according to the Department of Labor.

The Bureau of Labor and Statistics (BLS) figure released Thursday represented a increase in the number of new jobless claims compared to the week ending Jan. 9, in which there were 787,000 new jobless claims reported. Roughly 18.4 million Americans continue to collect unemployment benefits, according to the BLS report Thursday.

New Unemployment Claims Decrease to 712,000, Beating Expectations

December 4, 2020December 3, 2020 Georgia Star News Staff

The number of Americans filing new unemployment claims decreased to 712,000 last week as the economy continued to suffer the effects of the ongoing coronavirus pandemic, according to the Department of Labor.

The Bureau of Labor and Statistics (BLS) figure released Thursday represented a decrease of new jobless claims compared to the week ending Nov. 21, in which there were 778,000 new jobless claims reported. New jobless claims have stayed below 800,000 for more than a month.

New Unemployment Claims Increase to 778,000, Missing Expectations

November 26, 2020November 25, 2020 Georgia Star News Staff

The number of Americans filing new unemployment claims increased to 778,000 last week as the economy continued to suffer the effects of the ongoing coronavirus pandemic, according to the Department of Labor.

The Bureau of Labor and Statistics (BLS) figure released Wednesday represented an increase of new jobless claims compared to the week ending Nov. 14, in which there were 742,000 new jobless claims reported. New jobless claims have stayed below 800,000 for more than a month.

As Jobless Claims Increase, Some States Employment Rates Are Bouncing Back

November 22, 2020November 21, 2020 Georgia Star News Staff

The number of individuals who filed for unemployment benefits last week increased to 742,000, the first increase in five weeks, according to new data published by the U.S. Department of Labor.

The number of people who filed for state unemployment benefits in the week ending Nov. 13 grew by 31,000 from the previous week’s revised level of 711,000, according to the Nov. 19 report.

New Unemployment Claims Increase to 742,000, Missing Expectations

November 20, 2020November 19, 2020 Georgia Star News Staff

The number of Americans filing new unemployment claims increased to 742,000 last week as the economy continued to suffer the effects of the ongoing coronavirus pandemic, according to the Department of Labor.

The Bureau of Labor and Statistics (BLS) figure released Thursday represented an increase of new jobless claims compared to the week ending Nov. 7, in which there were 709,000 new jobless claims reported. New jobless claims have been below 800,000 for five consecutive weeks.

New Unemployment Claims Miss Expectations, Stay Unchanged

November 5, 2020November 5, 2020 Georgia Star News Staff

The number of Americans filing new unemployment claims came in at 751,000 last week as the economy continues to suffer the effects of the ongoing coronavirus pandemic, according to the Department of Labor.

New jobless claims were unchanged compared to the week ending Oct. 24 in which there were also 751,000 new jobless claims reported, the Bureau of Labor and Statistics figure released Thursday showed. New jobless claims have been below 800,000 for three consecutive weeks, according to CNBC.

New Unemployment Claims Decrease to 837,000, Beat Expectations

October 1, 2020November 9, 2020 Georgia Star News Staff

The number of Americans filing new unemployment claims decreased to 837,000 last week as the economy continues to suffer the effects of the ongoing coronavirus pandemic, according to the Department of Labor.

The Department of Labor figure released Thursday represented a decrease of new jobless claims compared to the week ending on Sept. 19, in which there were 870,000 new jobless claims reported.