Georgia has the worst unemployment rate in the nation at 7.8 percent which was recorded for the month of July, according to a report released Monday by the Bureau of Labor Statistics.
Thank goodness for Mississippi. Only Ole Miss, coming in with a jobless rate of 8 percent, came in below Gerogia in the country.
Each month the BLS lists unemployment rates for every state. Georgia was especially ravaged economically during the apex of the Great Recession — the greatest economic depression in the U.S. in 80 years — when the pressures of marketplace turmoil caused the collapse in the state’s housing and construction industries had much company at the bottom of the jobless rankings.
Economists officially declared the Great Recession finished over five years ago, yet many of Georgia’s counterparts saw their state’s fiscal affairs return to normal much quicker.
Neighboring Alabama, for example, is listed with an unemployment rate of 7 percent and comes in at No. 40 on the BLS scale.
South Carolina’s unemployment rate is 5.7 percent, tying that state with the likes of Pennsylvania and Ohio for 22d worst.
Florida has rebounded with much more flair than their counterpart to the immediate north. Their unemployment rate reached 11.4 in early 2010, a full point higher than Georgia’s jobless nadir. Today, the Sunshine State’s jobless rate stands at 6.2 percent.