Georgia unemployment rate drops to lowest in 5 years - WFXG FOX 54 - News Now

Georgia unemployment rate drops to lowest in 5 years

Georgia's unemployment rate dropped to 7.7 percent in November - the lowest rate in five years, according to the Georgia Department of Labor.

November's rate is down from 8.1 percent in October and 8.7 percent in November a year ago, according to a press release.

State Labor Commissioner Mark Butler said the rate is down because of strong job growth and a drop in new claims for unemployment insurance benefits.

"The number of new jobs is the best October to November growth since 2007," Butler said, "and the number of new claims is the lowest for any month since September 2007. Both of these numbers pre-date the recession."

The number of jobs in Georgia rose to 4,095,500 in November - the most jobs in the state since September 2008.

Growth came mostly in trade, transportation and warehousing with 14,700 new jobs. The government, financial services, construction, education, health care, manufacturing and information services sectors also saw growth.

The overall number of unemployed Georgians decreased to 363,055, down by 20,322 from 383,377 in October. This is the fewest unemployed Georgians since October 2008.

Copyright 2013 WFXG. All rights reserved.

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