Georgia Hits 5.3 Million Jobs as Unemployment Falls to 3.4% in May
Updated
Updated · WSB Radio · Jun 18
Georgia Hits 5.3 Million Jobs as Unemployment Falls to 3.4% in May
3 articles · Updated · WSB Radio · Jun 18
Summary
Georgia’s labor force rose to nearly 5.5 million in May and employment approached 5.3 million, both record highs, while the state unemployment rate edged down to 3.4%.
Accommodation and food services led month-over-month job gains, helping offset declines in professional and technical services, while the jobless rate stayed about 0.9 percentage point below the national level.
Over the past year, health care and social assistance posted the biggest employment gains, whereas federal government employment recorded the largest losses.
WalletHub’s separate first-quarter survey showed financial strain persists despite the strong labor market: Georgia ranked 12th for loan delinquency, with nearly 8.4% of total loan balances past due.