Georgia's Unemployment Rate Unchanged At 8.7 Percent In January

Thursday, March 07, 2013

The Georgia Department of Labor announced Thursday that Georgia’s seasonally adjusted unemployment rate for January was 8.7 percent, unchanged from December. The rate was 9.3 percent in January a year ago.

There was a loss of 47,700 mostly seasonal jobs and an increase in initial claims for unemployment insurance benefits over the month, but the increases were not enough to impact the unemployment rate.

“The good news in this report is that we lost the fewest jobs for January since 1987,” said State Labor Commissioner Mark Butler.
“And, we start the year with 79,600 more jobs in January than we had in the same period a year ago.”

The number of jobs increased to 3,956,300 from 3,876,700 in January 2012. Most of the over-the-year job growth came in professional and business services, 25,500; leisure and hospitality, 21,300; education and health care, 16,100; trade, transportation, and warehousing, 13,000, and manufacturing 5,800.

The number of first-time claims for unemployment insurance benefits, resulting from layoffs during the month, increased by 20,669 to 71,530 from 50,861 in December.  The increase is mostly from seasonal layoffs in manufacturing, administrative and support services, construction, and retail trade. However, the number of initial claims was down by 6,226, over the year, dropping from 77,756 in January 2012. Most of the over-the-year decline came in manufacturing, retail trade, construction, accommodations and food services, and transportation and warehousing.

Georgia’s labor force grew by 15,704, reaching 4,846,362 in January, its highest level since July 2008. The labor force has grown by 54,127, or 1.1 percent, from 4,792,635 in January 2012.

The number of long-term unemployed workers declined by 3,700 to 191,300 in January, its lowest level in 35 months. The long-term unemployed—those out of work for more than 26 weeks—make up 45.2 percent of those unemployed in Georgia.

Connect on Facebook, YouTube and Twitter @GeorgiaDOL. You can access all pages via the website at 

www.dol.state.ga.us.

Corker Asks Colleagues To "Oppose Blatant Budget Gimmick Proposal To Fund Highway Trust Fund"

In remarks on the U.S. Senate floor Monday, Senator Bob Corker said senators should reject using a budget gimmick known as pension smoothing to pay for a short-term extension of the Highway Trust Fund and instead commit to a long-term, sustainable solution to highway funding. “Many claim that budget gimmicks should not be used as offsets to pay for spending," said Senator Corker. ... (click for more)

Cornerstone Community Bank Has Rise In Earnings

Cornerstone Bancshares, Inc. (OTCBB: CSBQ; CSBQP), parent company of Cornerstone Community Bank, today reported earnings for the second quarter ended June 30, including a rise in income. Net income for the quarter was $409,000, a 3.3 percent increase from the same quarter of 2013.  Net interest income increased 5.5 percent from the same quarter last year. “Cornerstone ... (click for more)

EPB Says It Did Not Overbill The City; Says City Got $685,877 Break

EPB officials said Tuesday that an exhaustive audit of its street light contract with the city showed that it did not overbill the city. Instead, it said it found that the city was underbilled $685,877. EPB said it only goes back one year on errors so the amount owed by the city would be $178,314. Officials said that would be discussed with the city. Stan Sewell, the city's ... (click for more)

Citizens To Comment Next Tuesday On Sound Control Ordinance That Allows Higher Sound Around Downtown Clubs

Citizens will be allowed to comment next Tuesday on a new Sound Control Ordinance that allows higher sound from nightclubs in a downtown Controlled Sound Boundary. Track 29 behind the Chattanooga Choo Choo, that has drawn the wrath of some nearby Southside residents, is within the boundary, which goes from Fourth Street to Main Street. The hearing before the City Council ... (click for more)

The Truth- From Weston’s Sister

I try not to read the negative articles and opinions about my older brother. Growing up around politics, I learned a long time ago that thick skin is not only necessary, it’s paramount. But this time, the lies and the rumors and the inaccurate information has gone too far. It’s too ridiculous for me to ignore. So let’s clear a few things up: Weston and I do not “come ... (click for more)

Roy Exum: Oscar Brock’s True Passion

I don’t pay much attention to the Hamilton County School Board. Once the moon and the stars aligned behind Superintendent Rick Smith, you hear very little, if anything, from the nine-member council that oversees an annual budget of almost $400 million and employs 4,480 people. So chew this for a minute: approximately 2,000 of those people are not teachers. Yes, there are 78 principals ... (click for more)