Augusta Unemployment Rate Drops Heading into the New Year
Monday, January 8th, 2024
Georgia Labor Commissioner Bruce Thompson said Thursday that Augusta recorded an unemployment rate of 3.5 percent in November, down four-tenths over-the-month. A year ago, the rate was 3.3 percent.
“As we prepare to ring in a new year, Georgia’s future is bright, said Commissioner Bruce Thompson. “With holiday shopping and retail kicking back up, Georgia’s unemployment rates are dropping faster than holiday deals. Coupled with a soaring job market and a workforce ready to take on limitless opportunities, Georgia is well on the road to success.”
The labor force decreased in Augusta by 1,375 and ended the month with 262,469. That number went up by 2,300 when compared to November of 2022.
Augusta finished the month with 253,164 employed residents. That number decreased by 509 over-the-month and rose by 1,552 when compared to the same time a year ago.
Augusta ended November with 245,000 jobs. That number increased by 200 from October to November and was down by 1,000 when compared to this time last year.
In November, initial unemployment claims decreased by 98 (-13%) in Augusta. When you compare November 2023 claims to November 2022, claims were down by 292 (-31%).
