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Metro Albany’s unemployment rate declines to 9.2 percent in February

By   /   March 28, 2013  /   Comments

ATLANTA – The Georgia Department of Labor announced today that metro Albany’s unemployment rate declined to 9.2 percent in February, down five-tenths of a percentage point from 9.7 percent in January. The rate was 9.9 percent in February a year ago.

The rate declined because of three factors — the number of jobs increased by 100, there were 506 fewer new layoffs, and the labor force, which is the number of people employed plus those unemployed but actively looking for a job, decreased by 930.

The number of jobs in metro Albany increased to 60,800 from 60,700 in January. Most of the job growth came in wholesale trade, transportation, and warehousing, along with state government. However, jobs were unchanged over the year at 60,800.

The number of first-time claims for unemployment insurance benefits, resulting from layoffs during the month, decreased to 791 in February, down from 1,297 in January. The decreases came mostly in construction, manufacturing, wholesale and retail trade, and administrative and support services. And, the number of initial claims was down over-the-year from 796 in February 2012. Most of the over-the-year decline came in the same industries as the monthly decline.

The Southwest Georgia region’s unemployment rate declined to 8.8 percent in February, down five-tenths of a percentage point from 9.3 percent in January. The rate was 9.5 percent in February a year ago.

The number of first-time claims for unemployment insurance benefits throughout Southwest Georgia fell by 1,289 from 2,694 in January to 1,405 in February. The decreases came mostly in construction, manufacturing, trade, transportation, and warehousing, administrative and support services, health care and social assistance, and accommodations and food services. And, the number of initial claims was down over-the-year by 343 from 1,748 in February 2012. Most of the over-the-year decline came in the same industries as the monthly decline.

Also, the area’s labor force declined to 74,198, down from 75,128 in January. The labor force totaled 75,017 in February 2012.

Metro Athens had the lowest area jobless rate at 6.1 percent, while the Heart of Georgia-Altamaha region had the highest at 11.2 percent.

Meanwhile, Georgia’s seasonally adjusted unemployment rate for February was 8.6 percent, down from 8.7 percent in January. The rate was 9.2 percent in February a year ago.

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  • Published: 544 days ago on March 28, 2013
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  • Last Modified: March 28, 2013 @ 8:31 am
  • Filed Under: Government
  • Tagged With: unemployment
 

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