The Georgia Department of Labor (GDOL) announced this week that Georgia’s seasonally adjusted unemployment rate decreased to 4.9 percent in May – down one-tenth of a percentage point from 5 percent in April. This is the state’s fourth consecutive decrease. In May of 2016, the jobless rate was at 5.3 percent.
“Georgia saw its unemployment rate dip below 5 percent for the first time in nearly 10 years, as more individuals gained jobs,” said State Labor Commissioner Mark Butler. “It’s a testament to the attractiveness of Georgia’s job market when we continue to see more and more individuals enter and re-enter the job market and find employment.”
There were 9,685 more Georgians employed in May than in April, pushing the total number to another record of 4,788,627. The increase in the number of employed Georgians in May grew by 155,960 from May 2016.
From April to May, the labor force, which consists of employed residents and those who are unemployed and actively looking for jobs, increased by 3,664 to a record 5,034,975. As the number of employed residents rose, the number of jobless residents declined by 6,021 to 246,348. There were 14,239 fewer unemployed residents than in May 2016.
Over-the-year, Georgia gained a total of 103,100 jobs, a 2.4 percent growth rate, up from 4,362,200 in May 2016. The federal job growth rate was 1.6 percent.
To review other job numbers, please review the GDOL’s press release.