News release [Mar. 4, 2004M]

Georgia

Department of Labor

NEWS RELEASE

SUITE 642



(404) 232-3685

148 INTERNATIONAL BOULEVARD, N.E.



ATLANTA, GA 30303-1751



FAX (404) 657-9996

Communications@dol.state.ga.us

Michael Thurmond
Commissioner

Sam Hall
Director of Communications

March 4, 2004..........................................................FOR IMMEDIATE RELEASE

Unemployment rate up, employment down in McIntosh Trail area

ATLANTA -- The Georgia Department of Labor reported today that the unemployment rate in the McIntosh Trail area for January was 5.2 percent, a slight increase from 5.1 percent in December. The rate rose because employment among residents of the area declined by 1,291.

Meanwhile, the unemployment rate in Georgia for January was 4.1 percent, a slight rise from 4.0 percent in December. During the same one-month period, jobs in the state declined by 62,800, or 1.6 percent.

"Much of the decline in jobs in January was due to seasonal factors that occur each year at this time," said State Labor Commissioner Michael Thurmond. "For example, there were cutbacks in retail trade and other service-related industries following the holiday shopping season accounted for nearly all of the job loss.

"However, some of the job losses are permanent, such as those we continue to see among some of Georgia's major companies," Thurmond continued. "These losses not only affect workers whose jobs are being terminated, but make it even harder for Georgians who have been out of work for months to find employment. This weakness in the critical area of job creation continues to hamper our recovery. Job cuts scheduled for the near future, along with the thousands of longterm unemployed, make it clear that a higher rate of job creation is needed to sustain a solid recovery."

Georgia labor market data are not seasonally adjusted and are available at www.dol.state.ga.us.

NEWS MEDIA NEEDING MORE INFORMATION MAY CALL (404) 232-3685. TABLES AND GRAPHS REFLECTING LABOR MARKET DATA ARE AVAILABLE AT http://www.dol.state.ga.us/pr/current_data.htm FY-04-296