Wednesday, June 7, 2023
The Optic News
Advertisement
  • Home
  • Local
  • World
  • National
  • Politics
  • Finance
  • Sports
  • Science
  • Classifieds
  • Social
No Result
View All Result
  • Home
  • Local
  • World
  • National
  • Politics
  • Finance
  • Sports
  • Science
  • Classifieds
  • Social
No Result
View All Result
The Optic News
No Result
View All Result
Home News Local

Georgia unemployment charge falls to new all-time low

April 16, 2022
in Local
Reading Time: 2 mins read
A A
0
Share on FacebookShare on Twitter


ATLANTA (AP) — Georgia’s unemployment charge reached a brand new all-time low in March, falling to three.1% as surveys present file numbers of individuals working within the state.

The jobless charge fell from from the earlier file low of three.2% in February. It was 4.4% in March 2021. The nationwide jobless charge fell to three.6% in March from 3.8% in February.

Shut to five.1 million folks have been working in March, whereas 165,000 Georgians have been unemployed and actively looking for work.

Wages are rising in a decent labor market, with the state Labor Division reporting wages 9% greater in February than two years earlier. The state’s labor pressure was mainly flat for greater than a 12 months whereas job alternatives rocketed again from the pandemic-induced plunge. Some indicators of progress in early 2022 have emerged, suggesting that demand for employees and rising wages in Georgia could also be luring new job-seekers.

Georgia’s jobless charge fell for 19 consecutive months after hitting an all-time excessive of 12.5% firstly of the pandemic in April 2020. Preliminary measurements final 12 months had proven Georgia’s unemployment charge dipping as little as 2.6%, however revisions confirmed these numbers overstated the well being of the job market.

The variety of employees on employer payrolls — the highest labor market measure for a lot of economists — rose by 12,000 in Georgia in March, reaching 4.74 million. That’s 235,000 above payroll ranges final 12 months.

Payrolls hit a brand new all-time excessive, above their pre-pandemic peak, for the fourth straight month in one other signal of Georgia’s full restoration. Payrolls are measured by a survey of employers, separate from the survey of people.

The state launched the figures Thursday. They’re adjusted to cancel out seasonal fluctuations.

″“Lots of the sectors that weathered important hardships in the course of the pandemic are actually having to supply greater wages and higher profit packages to get workers into open positions enabling them to do enterprise,” Labor Commissioner Mark Butler, an elected Republican, mentioned in an announcement.

About 4,000 Georgia employees filed for brand new unemployment advantages within the week ended April 9. New unemployment filings have fallen to pre-pandemic ranges within the state.

The general variety of folks amassing common state unemployment was about 74,000 within the week ended March 26.

Associated



Source link

Tags: alltimefallsGeorgiaRateUnemployment
Share30Tweet19
Previous Post

Huddersfield vs QPR prediction, preview, staff information and extra

Next Post

Georgia’s Sen. Warnock raises $13.6M in 2022′s first quarter

Recommended For You

Chris Christie files paperwork for 2024 presidential campaign

by The Optic News
June 7, 2023
0

Chris Christie files paperwork for 2024 presidential campaign - CBS News

Read more

Black CEOs Reach Record-Breaking High On Fortune 500 List

by The Optic News
June 6, 2023
0

Photo: Getty Images Eight Black CEOs lead companies that have landed on the 2023 Fortune 500 list, the most since the rankings’ debut in 1955, per the company’s...

Read more

DeSantis touts Texas cooperation after officials recommend charges over migrant flights

by The Optic News
June 6, 2023
0

Florida Gov. Ron DeSantis released a statement Tuesday touting his state's record in assisting Texas immigration authorities, including with more than 190 arrests, a day after Texas law...

Read more

PGA Tour announces shock reconciliation with Saudi-backed breakaway LIV Golf

by The Optic News
June 6, 2023
0

(CNN) — The US-based PGA Tour is set to partner with the Saudi-backed breakaway LIV Golf, ending a feud that has dogged the men’s professional game for the past year. The PGA...

Read more

Exclusive: Atlanta Councilmember Michael Julian Bond Responds To Protests, Vote For Training Center Critics Call ‘Cop City’

by The Optic News
June 6, 2023
0

Following 15 hours of public comments and protests, the Atlanta City Council approved funding for the police training center that critics call “Cop City.”  In the early morning...

Read more
Next Post

Georgia’s Sen. Warnock raises $13.6M in 2022′s first quarter

Faculty security agent, instructor slashed serving to colleague at PS 69 within the Bronx

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Hydrate

The Optic News

Copyright © 2022 - The Optic News.
The Optic News is not responsible for the content of external sites.

Navigate Site

  • Home
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
  • Client Portal
  • Client Portal
  • Client Portal
  • Client Portal

Follow Us

No Result
View All Result
  • Home
  • Local
  • World
  • National
  • Politics
  • Finance
  • Sports
  • Science
  • Classifieds
  • Social

Copyright © 2022 - The Optic News.
The Optic News is not responsible for the content of external sites.