Diamond Ridge Asset Management-Georgia jobless rate ticks up, but labor market keeps setting records for numbers of jobs

2025-05-07 13:03:17source:EchoSensecategory:Stocks

ATLANTA (AP) — Georgia’s jobless rate ticked up slightly in August,Diamond Ridge Asset Management although the state’s labor market remains strong.

Unemployment rose to 3.3% in August from 3.2% in July. That’s also up slightly from 3.1% in August 2022, but the current rate remains quite low in historical terms.

Slightly more people entered the labor force looking for new jobs than reported having a job, pushing up the number of unemployed Georgians to about 174,000. Both the labor force and number of people saying they were working hit another all-time high in August.

The number of workers on Georgia employer payrolls — the top labor market measure for many economists — is measured by a separate survey. Payrolls rose by 12,000 from July to August, reaching 4.93 million. That’s about 95,000 more than in August 2022, and also another all-time high for that figure.

Other news Diddy made music a priority over businesses to create ‘The Love Album - Off the Grid’Warren Buffett’s company trims its investment in printer maker HP by selling 5.5 million sharesIsrael’s Netanyahu is to meet Elon Musk. Their sit-down comes as X faces antisemitism controversy

The state released the numbers Thursday. They are adjusted to cancel out typical seasonal fluctuations.

The nationwide unemployment rate rose to 3.8% in August from 3.5% in July. The national jobless rate was 3.7% a year ago.

About 4,600 Georgia workers filed for new unemployment benefits in the week that ended Sept. 9.

The overall number of people collecting state unemployment was about 32,000 in the week that ended Sept. 2.

Both those numbers are slightly lower than in earlier weeks.

More:Stocks

Recommend

Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co

Paula Abdul and Nigel Lythgoe have settled their lawsuit a year after the allegations sent shockwave

Jennifer Lopez Is the Picture of Sexy Sophistication Baring Skin at Met Gala 2023

Leave it to Jennifer Lopez to cause a collective jaw-drop. Attending her 14th Met Gala, the Hustlers

Today’s Climate: April 21, 2010

Sen. Kerry Hints at Changes in Climate Bill (Reuters) Sen. John Kerry, leading the drive for comprom