Northwest Georgia’s Unemployment Rate Rises To 7.9 Percent In October

Dalton's Rate Rises To 10 Percent

Thursday, November 28, 2013

The Georgia Department of Labor announced Thursday that the unemployment rate in the Northwest Georgia region increased to 7.9 percent in October, up three-tenths of a percentage point from 7.6 percent in September. The rate was 8.9 percent in October a year ago.

Because of the federal government shutdown, no states were allowed to publish local labor market data for September. During the interim, the rate for Northwest Georgia fell from 8.3 percent in August to 7.6 percent for September.

The rate rose in October primarily for two reasons – an increase in new layoffs and an increase in the number of unemployed residents.

The number of new layoffs, represented by initial claims for unemployment insurance (UI) benefits, increased to 3,336, up by 85, or 2.6 percent, from 3,251 in September. Claims were filed in several sectors, led by administrative and support services and wholesale and retail trade. There were 5,602 claims in October 2012.The number of unemployed people in Northwest Georgia increased to 32,043, up by 900 from 31,143 in September. There were 36,813 unemployed in October 2012.

The labor force, which is the number of people employed plus those unemployed but actively looking for work, declined by 3,564 to 405,312 in October, down from 408,876 in September. The labor force was down by 10,540 from 415,852 in October 2012.

Metro Dalton’s unemployment rate increased to 10 percent in October, up four-tenths of a percentage point from 9.6 percent in September. The rate was 11.3 percent in October a year ago.

Because of the federal government shutdown, no states were allowed to publish local labor market data for September. During the interim, the rate for Dalton fell from 10.3 percent in August to 9.6 percent for September.

The rate rose in October primarily for two reasons – an increase in new layoffs and an increase in the number of unemployed residents.

The number of new layoffs, represented by initial claims for unemployment insurance (UI) benefits, increased to 928, up by 97, or 11.7 percent, from 831 in September. Claims were filed in several sectors, led by manufacturing. There were 1,753 claims in October 2012.

The number of unemployed people in Dalton increased to 5,759, up by 184 from 5,575 in September. There were 6,756 unemployed in October 2012.

While the jobless rate was up, the number of jobs rose to 63,700, up by 300, or 0.5 percent, from 63,400 in September. Most of the jobs were added in textile manufacturing.

Over the year, the number of jobs was up by 700, or 1.1 percent, from 63,000 in October 2012. Most of the increase came in professional and business services, trade, transportation and warehousing, and state and local government.

The labor force, which is the number of people employed plus those unemployed but actively looking for work, declined by 476 to 57,877 in October from 58,353 in September. The labor force was down by 1,916 from 59,793 in October 2012.

Metro Athens had the lowest area jobless rate at 5.8 percent, while the Heart of Georgia-Altamaha region had the highest at 10.9 percent.

Meanwhile, Georgia’s seasonally adjusted unemployment rate for October was 8.1 percent, down from 8.3 percent in September. The rate was 8.8 percent in October a year ago.

Local area unemployment data are not seasonally adjusted. Georgia labor market data are available at www.dol.state.ga.us



CBL And Associates Properties Declares Common Stock Dividend And Preferred Stock Dividend

CBL & Associates Properties, Inc. announces that its Board of Directors has declared a quarterly cash dividend for the Company’s Common Stock of $0.265 per share for the quarter ending June 30. The dividend is payable on July 16 to shareholders of record as of June 30.  The Board also declared a quarterly cash dividend of $0.4609375 per depositary share for the quarter ... (click for more)

Whitfield Tax Assessor's Office Sending Out Annual Notices Soon

In pursuant to O.C.G.A. 48-5-306, all Whitfield County property owners will be receiving the state-required annual assessment notice around the first week of June, according to officials with the county Tax Assessor’s Office.  The notice will contain an estimate of the taxes based on the prior year's millage rate.  The Board of Assessors is charged with the responsibility ... (click for more)

Circuit Court Jury Gives $20,599,000 Verdict In Favor Of Canyon Ridge Developers; Punitive Damages To Be Added

A Hamilton County Circuit Court jury on Thursday awarded $20,599,000 to the developers of Canyon Ridge on Lookout Mountain against a financial firm that allegedly secretly started working on a rival project. The jury also said the plaintiffs are due punitive damages. The amount will be set on Monday morning in the courtroom of Judge J.B. Bennett after each side gives 20-minute ... (click for more)

Chattanooga Loses Bicycle National Championships To Winston-Salem

After a three-year run, Chattanooga is losing the national championship bicycle races. Winston-Salem, N.C., has been selected to serve as the host city for the 2016 and 2017 Volkswagen USA Cycling Professional Road & TT National Championships. The 2016 Volkswagen USA Cycling Pro Road & TT National Championships will be held May 22-30. The nine-day event will combine the ... (click for more)

The Truth About The Rising Costs To East Ridge On The Fire Hall Property - And Response

Re:East Ridge Has To Pay Unexpected $428,000 On Bass Pro Shop Deal   H ere is the truth about this article.    One section of the article says: " Unknown to anybody on the council today, the agreement limited use of the land to a fire hall."     In a letter dated Dec. 15, 2010, Mayor Lambert asked TDOT officials to ... (click for more)

Roy Exum: General Boykin Helps ‘Warriors’

General W.G. “Jerry” Boykin is one of the most fabled warriors in modern-day warfare. He is also one of the most polarizing men who has ever served his country. General Boykin, retired after 36 years as a soldier, spent 13 years in the secretive Delta Force. At one time he commanded the Green Berets and was in one some pretty impressive engagements. In 1980 he was in on the ... (click for more)