Thursday, June 18, 2009
News Georgia unemployment rate rose in May
Posted by Thomas Wheatley @thomaswheatley on Thu, Jun 18, 2009 at 2:40 PM
Good morning! Last month's unemployment numbers are in and they're terrible.
Georgia's unemployment rate rose to a record high of 9.7 percent in May, the Georgia Department of Labor says, up from 9.2 percent the previous month. May was the 19th consecutive month the state's unemployment rate hovered above the national average.
According to the department, nearly 463,883 unemployed Georgians were looking for work in May, an increase of 62 percent from the same time last year. Of that number, 157,544 are receiving state unemployment insurance benefits. Approximately another 90,000 are receiving federal extended benefits. The state saw a loss of 217,000 jobs in May. Of that number, 136,800 jobs were in Metro Atlanta.
“Georgia’s record unemployment rate of 9.7 percent is a stark reminder that the road to economic recovery will be long and difficult,” state Labor Commissioner Michael Thurmond said in a press release.
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