Georgia’s workforce continues to set records with the state adding nearly 100,000 jobs over the past year while the unemployment rate has fallen to its lowest level since January 2001.
The November jobless rate of 3.5 percent is down 0.1 percent from October.
By comparison, the national rate remained unchanged at 3.7 percent.
One year ago, the state’s rate was 4.5 percent.
“As we approach the end of 2018, it’s great to see so much progress,” Labor Commissioner Mark Butler said in a press release. “We have much to celebrate this holiday season. We continue to not only improve but set records.”
Georgia added 4,500 jobs in November for a total of 4.6 million workers employed.
For the year, Georgia added more than 8,000 jobs per month.
Georgia’s labor force (all age-eligible and able workers) totaled 5.1 million at the end of November.
Monthly job growth came primarily in the trade, transportation and utilities sectors (4,800); professional and business services (2,600); and government (1,000).
One caveat to these robust numbers: Claims for unemployment insurance increased in November by almost 9 percent from October, and were up 21 percent year-over-year.
And there were 73,067 statewide job postings during the month of November, down 5 percent from October.
“There are a number of factors, some seasonal, that make the numbers fluctuate month to month,” Butler said. “It’s more important to watch the trends for the long term to understand what’s really going on. And, the long-term trends look positive for Georgia.”