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Unemployment in Georgia continues to grow faster than the rest of the U.S.


AP: Georgia is losing jobs faster than elsewhere. 

On November 20 the Bureau of Labor Statistics released its report on the unemployment rates in each state. The U.S. unemployment rate grew to 10.2 percent in October, up 0.4 percentage points from September. The Georgia unemployment rate is also 10.2 percent, but the rate of increase has been rapid.

Georgia lost the third highest number of jobs in October, second only to Florida and New York. On an annual basis, Georgia ranked fourth among the states with the fastest growing unemployment rates, behind Michigan, Nevada, Arizona. These areas areas have been particularly hard hit by job losses in the manufacturing, real estate, travel, and banking industries.

The smallest increase in unemployment since this time last year was North Dakota, with just a 1.0 percentage point increase. North Dakota also has the lowest unemployment rate, at 4.2 percent. Michigan continues to have the highest unemployment rate, at 15.5 percent. Michigan did get some good employment news in October, however. The state had the second largest increase in the number of employed workers, second only to Texas.

States with the highest unemployment rates Unemployment rates
Michigan 15.1
Nevada 13.0
Rhode Island 12.9
California 12.5
South Carolina 12.1

  

States with the largest loss of jobs in October 2009 Number of jobs lost last month
New York 15,300
Florida 8,500
Georgia 7,500

  

States with largest increases in unemployment since October 2008 Percent increase in unemployment
Arizona 6.9
Michigan 6.4
Nevada 6.0
Georgia 5.6
Wyoming 5.5

Click here for more information about unemployment

Click here for tips on looking for a job during a tight labor market

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