Atlanta's unemployment rate rises in July

unemployment
ATLANTA – The Georgia Department of Labor announced today that Metro Atlanta’s unemployment rate for July is higher than it was in the month of June, but is down from the same period for last year.
The unemployment rate for the ATL is reported at 6.1 percent, up one-tenth of a percentage point from 6.0 percent in June. The rate in July 2014 was 7.6 percent.
The rate rose as more job seekers entered the labor force looking for work. Despite an increase in new jobs, some were unable to find work and were counted among the unemployed, which, along with an increase in new layoffs, contributed to the rate increase.
Atlanta’s labor force grew to 2,839,716, an increase of 20,584 from June. In July 2014, the labor force stood at 2,838,298.
The number of jobs in Atlanta increased by 3,600, or 0.1 percent, in July to 2,584,600. The job gains came mostly in professional and business services, 6,700; trade, transportation and warehousing, 3,600; and leisure and hospitality and construction, 1,500 each. The monthly job growth was offset somewhat by losses in local government, 8,000, and education and health services, 1,300. Over the past three years, Atlanta has lost an average of 9,000 jobs from June to July.
Over-the-year, Atlanta gained 85,000 jobs, a growth rate of 3.4 percent, from 2,499,600 in July 2014. Most of the job growth in Atlanta came in professional and business services, 24,700; trade, transportation and warehousing, 18,000; leisure and hospitality, 15,800; education and health services, 9,200; government, 5,500; construction, 5,000; financial activities, 4,800; and manufacturing, 3,200.
 
Also, the number of initial claims for unemployment insurance rose by 964, or 6.1 percent, to 16,701 in July. Most of the increase came in temporary claims filed in manufacturing and administrative and support services, which includes temporary employment agencies. Over the year, claims were down by 2,621, or 13.6 percent, from 19,322 in July 2014.
 
Metro Gainesville had the lowest area jobless rate at 5.5 percent, while the Heart of Georgia-Altamaha region had the highest at 8.3 percent.
 
Meanwhile, Georgia’s seasonally-adjusted unemployment rate for July was 6.0 percent, down from 6.1 percent in June. It was 7.2 percent in July 2014.

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