State's Jobless Rate at 3.5 percent; 63K Jobs Gained in 2017


Editor: This month's federal job report shows that unemployment is at its lowest level in a decade and black, and Hispanic unemployment is at their (sic) lowest rate since unemployment rates have been tracked by race and ethnicity.

According to the Minnesota Department of Employment and Economic Development, employers added 8900 jobs in November and have gained over 44 thousand jobs during the calendar year, a growth rate of 1.5 percent matching the U-S rate of job growth.

The number of people counted as unemployed also declined significantly in December to 95,700, the lowest figure since early 2000.

In December, 26,117 initial claims for unemployment insurance were filed, down by 20 percent from 12 months ago.

Last year was a good year in Georgia for job creation, employment and increases in the workforce.

State's Jobless Rate at 3.5 percent; 63K Jobs Gained in 2017
State's Jobless Rate at 3.5 percent; 63K Jobs Gained in 2017

The state added 1,300 private-sector jobs between November and December, including 1,200 construction jobs. "If that's true, these two consecutive months of job losses show that her fourth inning is off to a very poor start", the group's spokesman said.

The most growth was seen in the leisure and hospitality industry, followed by education and health services. Over the year, Financial Activities added 2,700 (+1.2%) jobs.

Professional, Scientific and Business Services lost 1,000 (-0.2%) jobs over the month.

The 1.9 percent growth rate compares favorably with the national growth rate of 1.4 percent. All counties in the top ten had a rate below 3 percent and unemployment rates in 87 Tennessee counties remained under 5 percent in November.

Other Services lost 200 (-0.1%) jobs over the month. Since December 2016, government employment is down by 2,000 jobs, or 0.6 percent.

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