Mostly good indicators across the board. Rome/Floyd saw 800 more jobs last month vs. May 2016 — but the job total also was flat when compared to April 2017. First-time unemployment claims were down in May in most parts of Northwest Georgia with the exception of Gordon County. Statewide, the unemployment rate rate was 4.9 percent. That hasn’t happened since October 2007, prior to the recession. County-by-county jobless rates are due next Thursday.
FIRST-TIME JOBLESS CLAIMS
Floyd: 284 claims, down from April and from May 2016.
Bartow: 247 claims, down from April but up slightly from May 2016.
Gordon: 150 claims, up 26 claims from the previous month but down vs. the same point last year.
Polk:104 claims, down from both May 2016 and from the previous month.
Chattooga: 40 claims, the same as April but down 20 percent from a year earlier.
LOCAL LABOR FORCE UP 800 JOBS
The Rome/Floyd labor market saw an 800-job jump in May vs. the same month in 2017, according to the Georgia Department of Labor. At 41,500, the jobs total was flat compared to April, the previous month.
THE BIG PICTURE:
Media release: The Georgia Department of Labor on Thursday announced that the state’s unemployment rate decreased for the fourth consecutive month to 4.9 percent in May, down one-tenth of a percentage point from 5 percent in April. The last time the state recorded a jobless rate as low as 4.9 percent was in October 2007. In May 2016, the rate was 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.
Meanwhile, the number of jobs in Georgia decreased by 3,800, or 0.1 percent, to 4,465,300. The losses were primarily seasonal jobs in professional and business services, 4,400, and leisure and hospitality, 2,200. Additional reductions came in manufacturing, 2,000; and other services such as repair, maintenance, laundry and personal services, 1,800; and information services, 1,000. The job losses were somewhat offset by growth in trade, transportation and warehousing, 3,400; government, 2,400; construction, 1,400; financial activities, 300; and education and health services, 100.
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. Georgia’s job growth came in the following employment sectors: professional and business services, 23,100; trade, transportation and warehousing, 19,800; leisure and hospitality, 15,400; education and health services, 13,100; inancial activities, 9,900; government, 9,700; construction, 7,400; information services, 3,100; and manufacturing, 1,600. Other services lost 900 jobs.
The number of initial claims for unemployment insurance, a measure of new layoffs, increased by 3,234, or 14.9 percent, to 24,867. Most of the increase came in wholesale and retail trade, health care and social assistance, accommodations and food services, finance and insurance and professional, scientific and technical services. Over the year, claims were down by 5,458, or 18 percent, from 30,325 in May 2016.
- Job postings on the Rome Floyd Chamber of Commerce site. Click Rome jobs
- Job postings on the Cartersville-Bartow County Chamber of Commerce site. Cartersville jobs
- Northwest Georgia Career Depot. Career Depot
- Local jobs from Career Builder and Hometown Headlines. Click Career Builder