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Georgia unemployment rate down to 3.4%

Georgia's unemployment rate edged down to 3.4% last month, according to a report released Thursday by the state Department of Labor, signaling a continued positive trend for the state's labor market.
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Georgia Department of Labor

Georgia's unemployment rate fell slightly to 3.4% last month, down from 3.5% in June, the state Department of Labor reported Thursday.

Georgia joblessness was eight-tenths of a point lower than the national unemployment rate of 4.2%.

"More Georgians are stepping into the workforce and securing jobs - a trend that's held strong for two consecutive months," Georgia Commissioner of Labor Barbara Rivera Holmes said. "These gains reflect the power of putting workers first and building strong partnerships across Georgia."

Despite the decline in unemployment, the number of jobs in Georgia decreased by 500 last month to just short of 5 million.

Job sectors posting the largest gains during the month were health care and social assistance, which added 2,800 jobs; durable goods manufacturing, which gained 2,700 jobs; and construction, with a gain of 2,100.

The sectors with the biggest job losses were accommodation and food services, which declined by 4,500 jobs; and transportation, warehousing and utilities, which posted a loss of 1,400.

Georgia's labor force rose by 732 in July to nearly 5.4 million. The number of employed Georgians increased by 1,702 to nearly 5.2 million, while the ranks of the unemployed fell by 970 to 185,351.

Initial jobless claims increased by 5,073 during the month to 24,730.