Georgia’s Unemployment Rate Rises To 7.2 Percent In May

Thursday, June 19, 2014
The Georgia Department of Labor announced Thursday that Georgia’s seasonally adjusted unemployment rate for May was 7.2 percent, up three-tenths of a percentage point from a revised 6.9 percent in April. The preliminary rate for April was 7.0 percent, but it was revised down one-tenth of a percentage point. The rate in May of last year was 8.4 percent.

"This is a seasonal rate increase that is typical for May,” said State Labor Commissioner Mark Butler. "In fact, we haven't had a rate decrease in May since 1999.
This time of year, we have new jobseekers coming into the labor force, led primarily by college graduates looking for full-time work and students searching for summer jobs."

The labor force increased by 14,078 up to 4,780,952 in May from 4,766,874 in April. This was the fifth consecutive month the labor force has increased.

"Employers added 21,400 jobs in May, contributing to the 80,200 jobs we have created over the past year,” Mr. Butler said. "We are proud that Georgia continues to be a leader in over-the-year growth. During the past 12 months, Georgia has ranked fifth or sixth in over-the-year job creation in the nation."

The number of jobs increased to 4,125,100 in May, up five-tenths of a percentage point, from 4,103,700 in April. The increase is significantly larger than the 13,000 average gain between April and May over the past three years. Most of the May job gains came in professional and business services, 10,400; leisure and hospitality, 6,400; trade, transportation, and warehousing, 3,880; financial services, 1,800; and construction, 1,400.  Government lost 1,900 jobs.

The over-the-year job growth is the largest May-to-May increase since 2006. The job growth was up 2.0 percent, from 4,044,900 in May 2013. The job gainers were in professional and business services, 27,300; trade, transportation, and warehousing, 20,800; leisure and hospitality, 18,700; construction, 6,600; education and health services, 6,200; manufacturing, 4,300; and financial services, 3,600. Government lost 7,700 jobs.

There were 33,191 new claims for unemployment insurance filed in May, a decrease of 370, or 1.1 percent, from 33,561 in April. Most of the decrease in claims came in manufacturing.

Over the year, initial claims were down by 29.2 percent. There were 13,691 fewer claims filed than the 46,882 in May 2013. Most of the decline over the year came in manufacturing, 4,890; accommodations and food services, 1,691; administrative and support services, 1,073, and construction, 917.

Gas Prices Fall 5.3 Cents In Chattanooga

Average retail gasoline prices in Chattanooga have fallen 5.3 cents per gallon in the past week, averaging $3.18 per gallon on Sunday, according to GasBuddy's daily survey of 170 gas outlets in Chattanooga. This compares with the national average that has fallen 4.9 cents per gallon in the last week to $3.51 per gallon, according to gasoline price website GasBuddy.com. Including ... (click for more)

Chattanooga Business Leaders To Discuss Economic Impact Of New Climate Policies

With severe weather events causing economic losses across the country, business leaders will join Mayor Andy Berke and Heather McTeer Toney, Southeast Regional Administrator for the U.S. Environmental Protection Agency, for a roundtable to discuss the impact of climate change on Tennessee businesses.   Local business and community leaders will talk ... (click for more)

23-Year-Old Stabbed To Death Early Sunday Morning

A man was stabbed to death in Chattanooga early Sunday morning. At approximately 2:48 a.m., Chattanooga Police responded to 2525 6 th  Avenue Court for a person stabbed.  Officers located a 23-year-old suffering from a stab wound to his chest.  The victim was transported to a local hospital where he later died from his injury.  The victim’s information ... (click for more)

Man, 21, Arrested In Hidden Camera Case

An arrest has been made in a case in which a hidden camera was apparently placed in several local restrooms. Chattanooga Police last Sunday, received from a citizen a hidden camera that apparently had been placed by an unknown suspect in the men’s restroom at the Chattanooga Billiards Club downtown.  The footage from the camera was reviewed by Investigators with the ... (click for more)

An Open Letter To Tennesseans

We are incredibly fortunate to live in a state in which companies worldwide are clamoring to establish a presence. Many attribute it to our pro-business culture, well-prepared workforce, low tax environment, right-to-work policies, and engaged citizenry.  That is why the announcement by Volkswagen to build its midsize sports utility vehicle and establish the South’s ... (click for more)

Roy Exum: ‘Our’ American Minute

William J. Federer is one of the leading historians in the United States and every morning I am among thousands of people who get an entertaining email from him called the “American Minute.” I adore it because Bill takes a significant event in American history that happened long ago – but he remembers on the very anniversary of when it occurred. A great example is that last Thursday ... (click for more)