Claims for unemployment benefits dip by 2000

18 March, 2017, 01:38 | Author: Joy Garcia
  • The tightening labor market has seen employers forgo layoffs out of fear they may not be able to replace the workers they let

Butts County's unemployment rate for January was 6 percent, up from a revised rate of 5.3 percent for December, according to Labor Department data.

The annual number of layoffs and discharges, after increasing over the past two years, declined to 19.9 million from 20.9 million the previous year. According to GDOL, these are normal fluctuations for January.

The number of jobs increased by 6,500, or 0.1 percent, to 4,442,200.

Across the nation, the unemployment rate in the United States stayed below 5 percent in January, with a reading of 4.8, up one-tenth of of percent from December 2016 and 4.9 percent from January one year ago. Job losses came in professional and business services, along with trade, transportation and warehousing. However, over the year, claims were down by 109, or 10.6 percent, from 1,026 in January 2016.

The number of unemployed residents in the region rose from December to January by 1,033 to 14,139, labor officials said.

New unemployment claims are compiled weekly based on the number of workers who filed for unemployment insurance for the first time. The number of unemployed residents rose by 2,726 to 23,887, while the number of employed residents decreased by 1,094 to 387,721.

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The rate rose as the labor force grew and the number of new layoffs increased.

Area employers had 16,800 more employees on their payrolls in January 2017 than a month earlier and 25,900 more than in January 2016, the metropolitan area report said.

The Metro area with the highest unemployment rate is Rocky Mount, and Asheville had the lowest rate at 4.6 percent. In January, 2,692 new job openings in the Northwest Georgia region were posted on Employ Georgia.

Decreases in new claims are typically an indication of an improving labor market as fewer individuals are losing jobs.

Local area unemployment data are not seasonally-adjusted.

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