Thursday, December 4, 2008
News Georgia unemployment soars
Posted by Andisheh Nouraee on Thu, Dec 4, 2008 at 4:26 PM
This time last year, Georgia's unemployment rate was 4.5 percent, just below the national unemployment rate of 4.7 percent.
The latest stats put Georgia's unemployment rate at 7 percent, well-ahead of the national unemployment rate of 6.5 percent.
For as long as I can remember, Georgia has been a job-magnet. This year, it's a job-repellent. So far in 2008, Georgia has lost more jobs than every state except Michigan.
Dr. Rajeev Dhawan of Georgia State University's Economic Forecast Center expects unemployment in Georgia to keep rising until 2010.
Something to keep in mind: official state and national unemployment stats only count as unemployed people who are actively seeking full-time work.
Among the unemployed who are not counted in official stats: people who have given up looking for full-time work, freelance and self-employed people who can't find any paying gigs, and skilled workers who are forced to take low-skill, low-wage jobs because they cannot find work in their profession.
Latest in Fresh Loaf
-
Town hall meeting on Ashford, er, Brookhaven… whatever 2
Someone has proposed turning DeKalb County into one big fat city
-
Ringling Bros. Circus kicks off tonight, but there's an elephant in the room 4
Or, tent, I suppose
-
Blogging today: Lines get fuzzier at AJC and elsewhere 7
New AJC blog blurs line between editorial and marketing
- More »
Author Archives
-
What can we learn from the 9/11 anniversary? 37
Ten years later, a TV terrorpalooza rings hollow
- More »
Comments (0)