Georgia officials tout unemployment rate that is lower than national average
Georgia officials said Thursday the state’s October unemployment rate remained lower than the national rate, news that follows a new finding that nearly half a million Georgians have dropped out of the workforce.
While Georgia’s seasonally adjusted unemployment rate of 2.9% was lower than the national unemployment rate of 3.7%, it was slightly higher than last month’s rate of 2.8% but down from last October’s 3.4% rate.
Meanwhile, a new Georgia Center for Opportunity analysis found 454,100 Georgians are not in the labor force and have effectively given up on work. The number does not include retirees, students or full-time caregivers.