LABOR FORCE TRENDS Unemployment rate declines Unemployment rates - Georgia and U.S. Georgia's unemployment rate dropped to 4.1 percent in October. This was only the second time in twenty years that the statewide rate has fallen from September to October. The last time this occurred was in October 1978, and then in 6.0% October 1992, the rate was unchanged from the previous month. This also represents the low- est rate for the month of October since 1973. P. The strength of Georgia's economy was fur- 5.0% ther illustrated by the drop in the national un- employment rate. The U.S. rate, not season- ally adjusted, declined from 4.7 percent in Sep- tember to 4.4 percent in October. Georgia's un- 4.0% employment rate has continued to remain be- low the U.S. rate all year. The total number of unemployed persons * Georgia -0 - U.S. declined by nearly 20,000 to its lowest level 3.0lo-r-~~~~~~~~'-T-~~~~~~~~~~~~~~~~~--l since May. Fewer people were receiving unemployment insurance (UD benefits during the reference week in October, and there were also Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct 96 I 97 fewer new entrants and re-entrants Uobseekers with previous work experience) in the labor increase in the number of self-employed, un- force. paid family, and private household workers. A Area data Total civilian employment was up by nearly new employment record was set when total ci- Each of Georgia's seven metropolitan sta- 49,000 in October. A seasonal increase in nona- vilian employment hit 3,763,742, surpassing tistical areas (MSAs) followed the statewide gricultural employment was bolstered by an the previous record set in July 1997. trend with lower unemployment rates in Octo- Southeastern unemployment rates ber. The largest drop was recorded in the Augusta-Aiken MSA as a significant reduction in the number of persons receiving UI benefits caused the rate there to drop by 1.4 percentage October 1997 !iJ September 1997 points. The highest metro unemployment rate was in Albany while Athens continued to have the lowest metro rate in the state. The jobless rate increased in 25 counties in October, and of those, only seven counties had an increase of more than one percentage point. The unemployment rate remained unchanged in six counties, and the remaining counties (128) 5% had lower rates over the month. Terrell County, at 15.2 percent, had the highest rate in the state and was one of ten counties with double-digit unemployment rates. Oconee County, at 1.8 4% percent, had the lowest rate in the state. 3% 2% AL 10 Each state in the southeastern region had a lower unemployment rate in October; except Alabama, where the rate was unchanged. The largest over- the-month drop gave South Carolina the second lowest unemployment rate in the region in Octo- ber. South Carolina, along with Georgia and North Carolina, currently have unemployment FL GA KY MS NC SC TN rates lower than the national rate. GEORGIA LABOR FORCE ESTIMATES PLACE OF RESIDENCE PERSONS 16 YEARS OLD AND OVER AREA Georgia (Not seasonally adjusted) Albany MSA Athens MSA Atlanta MSA Augusta-Aiken, GA-SC MSA Columbus, GA-AL MSA Macon MSA Savannah MSA EMPLOYMENT STATUS Civilian labor force Employed Unemployed Rate Civilian labor force Employed Unemployed Rate Civilian labor force Employed Unemployed Rate Civilian labor force Employed Unemployed Rate Civilian labor force Employed Unemployed Rate Civilian labor force Employed Unemployed Rate Civilian labor force Employed Unemployed Rate Civilian labor force Employed Unemployed Rate PRELIMINARY OCT 1997 3,924,254 3,763,742 160,512 4.1 59,307 55,533 3,774 6.4 73,651 71,634 2,017 2.7 2,088,060 2,018,372 69,688 3.3 206,239 194,893 11,346 5.5 121,260 115,115 6,145 5.1 153,434 146,529 6,905 4.5 134,372 128,807 5,565 4.1 REVISED SEP 1997 3,895,095 3,714,763 180,332 4.6 58,801 54,683 4,118 7.0 68,899 66,721 2,178 3.2 2,065,900 1,987,798 78,102 3.8 208,157 193,831 14,326 6.9 120,188 113,693 6,495 5.4 152,309 144,765 7,544 5.0 133,717 127,374 6,343 4.7 REVISED OCT 1996 3,811,379 3,623,794 187,585 4.9 56,870 53,219 3,651 6.4 73,185 70,880 2,305 3.1 2,013,088 1,928,650 84,438 4.2 204,976 190,416 14,560 7.1 117,854 111,469 6,385 5.4 150,381 142,609 7,772 5.2 133,703 127,036 6,667 5.0 CHANGE FROM REVISED SEP 1997 REVISED OCT1996 29,159 48,979 -19,820 112,875 139,948 -27,073 506 850 -344 2,437 2,314 123 4,752 4,913 -161 466 754 -288 22,160 30,574 -8,414 74,972 89,722 -14,750 -1,918 1,062 -2,980 1,263 4,477 -3,214 1,072 1,422 -350 3,406 3,646 -240 1,125 1,764 -639 3,053 3,920 -867 655 1,433 -778 669 1,771 -1, 102 UNITED STATES LABOR FORCE ESTIMATES PLACE OF RESIDENCE PERSONS 16 YEARS OLD AND OVER United States (Seasonally adjusted) United States (Not seasonally adjusted) EMPLOYMENT STATUS Civilian labor force Employed Unemployed Rate Civilian labor force Employed Unemployed Rate OCT1997 136,361 ,000 129,894,000 6,467,000 4.7 136,665,000 130,671,000 5,995,000 4.4 SEP 1997 136,467,000 129,715,000 6,752,000 4.9 136,375,000 129,972,000 6,403,000 4.7 OCT 1996 134,636,000 127,617,000 7,019,000 5.2 135,015,000 128,439,000 6,577,000 4.9 CHANGE FROM SEP 1997 OCT 1996 -106,000 179,000 -285,000 1,725,000 2,277,000 -552,000 290,000 699,000 -408,000 1,650,000 2,232,000 -582,000 NOTE: Employment includes nonagricultural wage and salary employment, self-employed, unpaid family and private household workers and agricultural workers. Persons in labor disputes are counted as employed. The use of unrounded data does not imply that the numbers are exact. Georgia and Metropolitan Statistical Area data have not been seasonally adjusted. Seasonally adjusted data for Georgia available upon request. Albany MSA: Athens MSA: Atlanta MSA: Augusta-Aiken MSA: Columbus MSA: Macon MSA: Savannah MSA: includes Dougherty and Lee counties. includes Clarke, Madison and Oconee counties. includes Barrow, Bartow, Carroll, Cherokee, Clayton, Cobb, Coweta, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, Newton, Paulding, Pickens, Rockdale, Spalding and Walton Counties. includes Columbia, McDuffie and Richmond counties in Georgia and Aiken and Edgefield counties in South Carolina. includes Chattahoochee, Harris and Muscogee counties in Georgia and Russell County in Alabama. includes Bibb, Houston, Jones, Peach and Twiggs counties. includes Bryan, Chatham and Effingham counties. SOURCE: Georgia Department of Labor, Labor Information Systems 11 COUNTY LABOR FORCE ESTIMATES ~Nci~sEASONALL~ABJUSTED) PLACE OF RESIDENCE - PERSONS 16 YEARS OLD AND OVER Georgia I I PRELIMINARY OCTOBER 1997 LABOR FORCE EMPLOYMENT UNEMPLOYMENT NUMBER RATE I I REVISED SEPTEMBER 1997 LABOR UNEMPLOYMENT FORCE EMPLOYMENT NUMBER RATE REVISED OCTOBER 1996 LABOR FORCE UNEMPLOYMENT EMPLOYMENT NUMBER RATE 3,924,254 3,763,742 160,512 4.1 3,895,095 3,714,763 180,332 4.6 3,811,379 3,623,794 187,585 4.9 Appling Atkinson Bacon Baker Baldwin Banks Barrow Bartow Ben Hill Berrien Bibb Bleckley Brantley Brooks Bryan Bulloch Burke Butts Calhoun Camden Candler Carroll Catoosa Charlton Chatham Chattahoochee Chattooga Cherokee Clarke Clay Clayton Clinch Cobb Coffee Colquitt Columbia Cook Coweta Crawford Crisp Dade Dawson Decatur DeKalb Dodge Dooly Dougherty Douglas Early Echols 12 8,270 3,155 4,803 1,424 17,792 5,849 19,218 36,545 8,806 6,798 75,905 5,402 5,624 7,178 9,857 24,826 9,014 8,454 2,340 15,878 3,845 43,482 24,039 4,075 108,808 2,205 12,575 69,681 48,148 1,550 121,955 4,127 339,154 17,613 18,156 40,420 7,526 40,452 5,808 10,075 6,722 9,127 11,761 369,882 9,198 4,714 48,560 49,560 4,910 1,086 7,775 2,860 4,453 1,285 17,083 495 6.0 295 9.4 350 7.3 139 9.8 709 4.0 5,583 18,528 34,690 8,280 6,483 266 4.5 690 3.6 1,855 5.1 526 6.0 315 4.6 72,257 5,121 5,268 6,905 9,582 3,648 4.8 281 5.2 356 6.3 273 3.8 275 2.8 23,972 7,796 8,104 2,077 15,303 854 3.4 1,218 13.5 350 4.1 263 11.2 575 3.6 3,686 41,497 23,210 3,900 103,981 159 4.1 1,985 4.6 829 3.4 175 4.3 4,827 4.4 2,040 12,074 68,219 46,787 1,428 165 7.5 501 4.0 1,462 2.1 1,361 2.8 122 7.9 117,497 3,948 330,202 16,374 17,325 4,458 3.7 179 4.3 8,952 2.6 1,239 7.0 831 4.6 39,067 7,202 38,108 5,585 9,447 1,353 3.3 324 4.3 2,344 5.8 223 3.8 628 6.2 6,421 301 4.5 8,884 243 2.7 11,298 463 3.9 355,274 14,608 3.9 8,613 585 6.4 4,375 45,187 48,153 4,548 1,063 339 7.2 3,373 6.9 1,407 2.8 362 7.4 23 2.1 8,412 3,126 4,837 1,434 17,773 5,884 18,908 36,005 8,974 6,730 75,408 5,359 5,688 7,468 9,809 24,743 9,179 8,416 2,253 15,970 3,865 43,223 23,877 4,095 108,235 2,193 12,679 68,796 45, 114 1,533 120,693 4,129 335,846 17,713 18,261 40,437 7,508 39,107 5,815 10,238 6,731 9,083 11,783 366,686 9,151 4,703 48,157 48,998 4,915 1,089 7,729 2,856 4,430 1,297 16,929 683 8.1 270 8.6 407 8.4 137 9.6 844 4.7 5,558 18,247 34,164 8,243 6,472 326 5.5 661 3.5 1,841 5.1 731 8.1 258 3.8 71,387 5,089 5,229 6,858 9,475 4,021 5.3 270 5.0 459 8.1 610 8.2 334 3.4 23,797 7,755 8,037 2,085 15, 177 946 3.8 1,424 15.5 379 4.5 168 7.5 793 5.0 3,682 40,868 23,035 3,867 102,824 183 4.7 2,355 5.4 842 3.5 228 5.6 5,411 5.0 2,015 11,968 67,186 43,578 1,431 178 8.1 711 5.6 1,610 2.3 1,536 3.4 102 6.7 115,717 3,924 325,200 16,313 17,274 4,976 4.1 205 5.0 10,646 3.2 1,400 7.9 987 5.4 38,750 7,173 37,531 5,551 9,414 1,687 4.2 335 4.5 1,576 4.0 264 4.5 824 8.0 6,373 8,819 11,249 349,893 8,561 358 5.3 264 2.9 534 4.5 16,793 4.6 590 6.4 4,360 44,495 47,423 4,546 1,056 343 7.3 3,662 7.6 1,575 3.2 369 7.5 33 3.0 8,284 3,032 4,566 1,335 17,419 5,676 18,370 34,702 8,676 6,654 74,467 5,351 5,459 6,958 9,813 23,818 9,288 8,325 2,224 15,658 3,755 41,564 23,941 4,129 108,288 2,128 12, 157 66,990 47,831 1,504 118,362 4,022 326,532 16,930 17,845 40,345 7,261 37,971 5,708 9,892 6,650 8,787 11,430 357,968 9,249 4,608 46,490 47,631 4,776 1,065 7,519 2,782 4,313 1,261 16,445 765 9.2 250 8.2 253 5.5 74 5.5 974 5.6 5,411 17,704 33,148 8,023 6,291 265 4.7 666 3.6 1,554 4.5 653 7.5 363 5.5 70,324 4,946 5,081 6,668 9,450 4,143 5.6 405 7.6 378 6.9 290 4.2 363 3.7 23,142 7,537 7,810 2,030 14,749 676 2.8 1,751 18.9 515 6.2 194 8.7 909 5.8 3,579 39,652 22,913 3,758 102,551 176 4.7 1,912 4.6 1,028 4.3 371 9.0 5,737 5.3 1,975 11,630 65,186 46,294 1,394 153 7.2 527 4.3 1,804 2.7 1,537 3.2 110 7.3 112,273 3,817 315,524 15,873 16,818 6,089 5.1 205 5.1 11,008 3.4 1,057 6.2 1,027 5.8 38,616 6,975 36,414 5,389 9,169 1,729 4.3 286 3.9 1,557 4.1 319 5.6 723 7.3 6,339 8,570 10,939 339,481 8,308 311 4.7 217 2.5 491 4.3 18,487 5.2 941 10.2 4,246 43,304 46,012 4,425 1,026 362 7.9 3,186 6.9 1,619 3.4 351 7.3 39 3.7 COUNTY LABOR FORCE ESTIMATES (NOTSEASONALLYADJUSTED) PLACE OF RESIDENCE - PERSONS 16 YEARS OLD AND OVER Effingham Elbert Emanuel Evans Fannin Fayette Floyd Forsyth Franklin Fulton Gilmer Glascock Glynn Gordon Grady Greene Gwinnett Habersham Hall Hancock Haralson Harris Hart Heard Henry Houston Irwin Jackson Jasper Jeff Davis Jefferson Jenkins Johnson Jones Lamar Lanier Laurens Lee Liberty Lincoln Long Lowndes Lumpkin McDuffie Mcintosh Macon Madison Marion Meriwether Miller Mitchell Monroe Montgomery Morgan Murray I I PRELIMINARY OCTOBER 1997 LABOR FORCE EMPLOYMENT UNEMPLOYMENT NUMBER RATE I I REVISED SEPTEMBER 1997 LABOR UNEMPLOYMENT FORCE EMPLOYMENT NUMBER RATE REVISED OCTOBER 1996 LABOR FORCE UNEMPLOYMENT EMPLOYMENT NUMBER RATE 15,707 8,931 9,224 4,733 8,461 15,244 8,199 8,379 4,545 7,986 463 2.9 732 8.2 845 9.2 188 4.0 475 5.6 15,674 8,798 9,404 4,706 8,511 15,075 8,149 8,333 4,523 7,928 599 3.8 649 7.4 1,071 11.4 183 3.9 583 6.8 15,602 8,729 9,214 4,630 8,166 15,035 7,931 8,094 4,404 7,707 567 3.6 798 9.1 1,120 12.2 226 4.9 459 5.6 4-5,721 45,843 37,504 9,842 400,515 44,740 981 2.1 44,147 1,696 3.7 36,574 930 2.5 9,483 359 3.6 384,390 16, 125 4.0 45,180 45,744 37,020 9,882 396,898 44,062 1, 118 2.5 43,749 1,995 4.4 36,020 1,000 2.7 9,426 456 4.6 378,567 18,331 4.6 43,883 44,722 35,767 9,789 389,403 42,751 42,495 34,948 9,176 367,303 1,132 2.6 2,227 5.0 819 2.3 613 6.3 22,100 5.7 8,279 1,032 34,632 21,438 9,970 7,691 928 33,570 20,489 9,313 588 7.1 104 10.1 1,062 3.1 949 4.4 657 6.6 8,226 1,053 34,489 21,329 10,067 7,639 923 33,263 20,336 9,310 587 7.1 130 12.3 1,226 3.6 993 4.7 757 7.5 7,878 1,017 33,552 20,736 9,582 7,449 898 32,373 19,771 9,052 429 5.4 119 11.7 1,179 3.5 965 4.7 530 5.5 5,236 300,000 15,007 66,668 3,840 4,863 292,834 14,446 64,917 3,490 373 7.1 7,166 2.4 561 3.7 1,751 2.6 350 9.1 5,208 296,536 15,121 66,428 3,876 4,833 288,398 14,361 64,408 3,466 375 7.2 8,138 2.7 760 5.0 2,020 3.0 410 10.6 5,093 288,246 14,627 64,468 4,032 4,706 279,817 13,975 62,479 3,365 387 7.6 8,429 2.9 652 4.5 1,989 3.1 667 16.5 9,493 10,420 8,353 3,524 49,495 8,920 10, 101 8,000 3,319 48,284 573 6.0 319 3.1 353 4.2 205 5.8 1,211 2.4 9,600 10,303 8,313 3,510 48,982 8,852 9,975 7,950 3,296 47,552 748 7.8 328 3.2 363 4.4 214 6.1 1,430 2.9 9,292 10,128 8,308 3,398 47,673 8,595 9,779 7,736 3,199 46,137 697 7.5 349 3.4 572 6.9 199 5.9 1,536 3.2 50,258 4,491 20,656 4,665 5,689 48,474 4,256 19,921 4,445 5,365 1,784 3.5 235 5.2 735 3.6 220 4.7 324 5.7 49,869 4,561 20,598 4,648 5,694 47,891 4,237 19,794 4,418 5,337 1,978 4.0 324 7.1 804 3.9 230 4.9 357 6.3 49,251 4,314 20,063 4,668 5,686 47,177 4,124 19,259 4,290 5,192 2,074 4.2 190 4.4 804 4.0 378 8.1 494 8.7 8,208 4,288 3,859 11,929 7,590 7,238 4,059 3,546 11,483 7,260 970 11.8 229 5.3 313 8.1 446 3.7 330 4.3 8,351 4,315 3,894 11,763 7,529 7,197 4,048 3,525 11,345 7,206 1,154 13.8 267 6.2 369 9.5 418 3.6 323 4.3 8,179 4,129 3,763 11,631 7,321 6,994 3,930 3,427 11,176 6,990 1,185 14.5 199 4.8 336 8.9 455 3.9 331 4.5 3,055 22,144 10,747 16,862 3,562 2,967 21, 125 10,346 15,746 3,345 88 2.9 1,019 4.6 401 3.7 1, 116 6.6 217 6.1 3,024 22,048 10,644 16,878 3,575 2,947 20,968 10, 188 15,609 3,321 77 2.5 1,080 4.9 456 4.3 1,269 7.5 254 7.1 2,989 21,423 10,380 16,616 3,496 2,865 20,390 9,915 15, 157 3,234 124 4.1 1,033 4.8 465 4.5 1,459 8.8 262 7.5 3,307 39,825 8,719 9,741 3,905 3,196 38,400 8,496 9,008 3,700 111 3.4 1,425 3.6 223 2.6 733 7.5 205 5.2 3,277 39,647 8,716 9,926 3,909 3,168 38,139 8,440 8,935 3,676 109 3.3 1,508 3.8 276 3.2 991 10.0 233 6.0 3,199 38,591 8,435 9,977 3,833 3,077 37,084 8,194 8,904 3,574 122 3.8 1,507 3.9 241 2.9 1,073 10.8 259 6.8 5,640 13,272 3,111 9,281 2,805 5,000 12,834 2,911 8,627 2,698 640 11.3 438 3.3 200 6.4 654 7.0 107 3.8 5,787 12,355 3,072 9,030 2,817 4,996 11,954 2,898 8,561 2,702 791 13.7 401 3.2 174 5.7 469 5.2 115 4.1 5,693 13, 175 2,990 8,841 2,765 4,859 12,699 2,820 8,302 2,631 834 14.6 476 3.6 170 5.7 539 6.1 134 4.8 11,487 8,134 3,778 6,875 18,178 10,610 7,416 3,531 6,591 17,278 877 7.6 718 8.8 247 6.5 284 4.1 900 5.0 11,546 7,857 3,820 6,899 18,014 10,587 7,357 3,510 6,567 17, 130 959 8.3 500 6.4 310 8.1 332 4.8 884 4.9 11,003 7,580 3,722 6,719 17,454 10,297 7,136 3,414 6,391 16,611 706 6.4 444 5.9 308 8.3 328 4.9 843 4.8 13 COUNTY LABOR FORCE ESTIMATES (NOTSEASONALLYADJUSTED) PLACE OF RESIDENCE - PERSONS 16 YEARS OLD AND OVER I I PRELIMINARY OCTOBER 1997 LABOR FORCE EMPLOYMENT UNEMPLOYMENT NUMBER RATE I I REVISED SEPTEMBER 1997 LABOR UNEMPLOYMENT FORCE EMPLOYMENT NUMBER RATE REVISED OCTOBER 1996 LABOR FORCE UNEMPLOYMENT EMPLOYMENT NUMBER RATE Muscogee Newton Oconee Oglethorpe Paulding 82,803 26,890 12,231 4,970 34,064 78,719 25,811 12,013 4,756 33,189 4,084 4.9 1,079 4.0 218 1.8 214 4.3 875 2.6 82,158 26,630 11,430 4,981 33,632 Peach Pickens Pierce Pike Polk 11,019 9,451 6,759 6,070 15,087 10,202 9,106 6,438 5,882 14,132 817 7.4 345 3.7 321 4.7 188 3.1 955 6.3 10,979 9,308 6,811 6,060 14,926 Pulaski Putnam Quitman Rabun Randolph 4,281 8,921 1,166 6,825 3,345 4,102 8,588 1,120 6,675 3,050 179 4.2 333 3.7 46 3.9 150 2.2 295 8.8 4,285 8,889 1,179 6,795 3,268 Richmond Rockdale Schley Screven Seminole 82,791 38,793 1,683 6,566 4,319 77,294 37,669 1,579 6,022 4,140 5,497 6.6 1,124 2.9 104 6.2 544 8.3 179 4.1 83,159 38,403 1,696 6,690 4,353 Spalding Stephens Stewart Sumter Talbot 30,393 13,162 2,487 16,243 2,535 29,265 12,621 2,331 14,761 2,373 1,128 3.7 541 4.1 156 6.3 1,482 9.1 162 6.4 30,103 13,364 2,462 16,488 2,535 Taliaferro Tattnall Taylor Telfair Terrell 640 7,244 3,300 5,100 4,049 585 6,966 3,129 4,430 3,433 55 8.6 278 3.8 171 5.2 670 13.1 616 15.2 650 7,250 3,361 5,137 3,896 Thomas Tift Toombs Towns Treutlen 21,204 20,091 12,519 3,689 2,956 20,414 19, 139 11,604 3,437 2,684 790 3.7 952 4.7 915 7.3 252 6.8 272 9.2 21,201 20,155 12,595 3,734 2,911 Troup Turner Twiggs Union Upson 29,062 4,442 4,322 6,861 13,146 27,586 3,892 4,112 6,554 12,706 1,476 5.1 550 12.4 210 4.9 307 4.5 440 3.3 29,009 4,412 4,292 6,887 13, 132 Walker Walton Ware Warren Washington 29,517 25,306 15,577 2,938 10,268 28,152 24,344 14,790 2,631 9,145 1,365 4.6 962 3.8 787 5.1 307 10.4 1,123 10.9 29,504 24,946 15,567 2,969 10,294 Wayne Webster Wheeler White Whitfield 10,953 1,086 1,972 9,519 46,367 10,331 1,017 1,803 9,227 44,648 622 5.7 69 6.4 169 8.6 292 3.1 1,719 3.7 11,013 1,094 1,974 9,540 46,061 Wilcox Wilkes Wilkinson Worth 3,432 5,476 4,757 9,327 3,126 5,256 4,499 8,748 306 8.9 220 4.0 258 5.4 579 6.2 3,391 5,514 4,737 9,336 SOURCE: Georgia Department of Labor, Labor Information Systems 14 77,742 25,420 11, 189 4,730 32,686 4,416 5.4 1,210 4.5 241 2.1 251 5.0 946 2.8 10,080 8,968 6,417 5,840 14,014 899 8.2 340 3.7 394 5.8 220 3.6 912 6.1 4,086 8,535 1, 114 6,618 3,038 199 4.6 354 4.0 65 5.5 177 2.6 230 7.0 76,667 37,099 1,569 5,995 4,142 6,492 7.8 1,304 3.4 127 7.5 695 10.4 211 4.8 28,821 12,514 2,319 14,670 2,358 1,282 4.3 850 6.4 143 5.8 1,818 11.0 177 7.0 585 6,974 3,119 4,412 3,431 65 10.0 276 3.8 242 7.2 725 14.1 465 11.9 20,286 19,053 11,534 3,411 2,668 915 4.3 1,102 5.5 1,061 8.4 323 8.7 243 8.3 27,343 3,888 4,063 6,524 12,598 1,666 5.7 524 11.9 229 5.3 363 5.3 534 4.1 27,939 23,975 14,673 2,615 9,084 1,565 5.3 971 3.9 894 5.7 354 11.9 1,210 11.8 10,253 1,016 1,796 9,161 44,258 760 6.9 78 7.1 178 9.0 379 4.0 1,803 3.9 3,115 5,225 4,464 8,731 276 8.1 289 5.2 273 5.8 605 6.5 81,106 25,733 12,179 4,842 32,631 10,750 9,020 6,710 5,920 14,782 4,176 8,667 1,175 6,713 3,257 82,917 37,202 1,688 6,812 4,236 29,343 12,938 2,389 15,576 2,479 631 7,120 3,361 5,125 3,807 20,711 19,633 12,295 3,518 2,888 28,273 4,062 4,282 6,823 12,820 29,097 24,096 15, 199 2,907 9,439 10,802 1,059 2,015 9,217 44,787 3,325 5,416 4,656 9,067 76,216 24,663 11,887 4,598 31,714 4,890 6.0 1,070 4.2 292 2.4 244 5.0 917 2.8 9,929 8,701 6,243 5,664 13,594 821 7.6 319 3.5 467 7.0 256 4.3 1,188 8.0 3,968 8,277 1,083 6,460 2,965 208 5.0 390 4.5 92 7.8 253 3.8 292 9.0 76,402 35,995 1,524 5,841 4,031 6,515 7.9 1,207 3.2 164 9.7 971 14.3 205 4.8 27,964 12,164 2,258 14,272 2,288 1,379 4.7 774 6.0 131 5.5 1,304 8.4 191 7.7 571 6,784 3,036 4,293 3,340 60 9.5 336 4.7 325 9.7 832 16.2 467 12.3 19,743 18,540 11,217 3,330 2,594 968 4.7 1,093 5.6 1,078 8.8 188 5.3 294 10.2 26,582 3,797 4,002 6,370 12,251 1,691 6.0 265 6.5 280 6.5 453 6.6 569 4.4 27,792 23,262 14,273 2,538 8,826 1,305 4.5 834 3.5 926 6.1 369 12.7 613 6.5 9,974 991 1,748 8,934 42,994 828 7.7 68 6.4 267 13.3 283 3.1 1,793 4.0 3,034 5,074 4,331 8,495 291 8.8 342 6.3 325 7.0 572 6.3 UNEMPLOYMENT INSURANCE STATISTICS Weekly unemployment insurance initial claims through November 1, 1997 -1996~1997 30 25 20 15 Weekly unemployment insurance claims* through November 1, 1997 -1996 ES! 1997 BO - - eo - /' 40 -:-""'\ _.._ --:-v-- --1 20 -- - A Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Week ending 11/01/97: 5,000 (Initial Claims) 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Week ending 11/0 I/97: 31,983 *These figures reflect continued weeks claimed and not individuals. Insured unemployment rate lowest in 24 years... 0 Georgia's insured unemployment rate for the month of October fell to a 24 year low at 0.98 percent. The insured unemployment rate is calculated using a thirteen-week moving average for the number ofcontinued weeks claimed divided by covered employment. The last time the insured unemployment rate was 0.98 was during the first two weeks of July in 1973. 0 New claims increased between September and October of this year by 1,921. New claims for October, at 22,079, were down 18.5 percent from October 1996. Continued weeks claimed were down 15.9 percent from September 1997 and 13.2 percent from October last year. The amount of benefits paid followed suit, down 14.9 percent over the month and 29.6 over the year. The number of weeks paid was also down 15.5 percent from last month and 27.8 percent from last year. 0 The number of first payments increased slightly from September. October 1997's level of first payments, at 11,625, was 2.3 percent higher than September 1997 yet declined 16.7 percent from October 1996. Final payments fell both over the month (17. l %) and over the year (23.0%) to 3, 163. The average weekly benefit amount, at $159.81, remained below last year's $163.82. The average duration of benefits fell to 9.3 weeks during October after three consecutive months at 9.4 weeks. 0 The unemployment insurance trust fund held steady at $1,768,954,179. Recent tax cuts have slowed the growth of the trust fund significantly. Contributions received during October were $8,341,808. This level is $8,977,262 less than October 1996. The total number of beneficiaries declined 4.0 percent from September and 18.2 percent from this time last year. Key data October 1997 October 1996 Initial claims filed 22,079 27,101 Persons receiving benefits 39,300 48,058 Average weekly benefit amount $159.81 $163.82 Benefits paid $18,335,872 $26,030,838 Employer taxes received $8,341,808* $17,319,070* Trust fund balance $1,768,954,179 $1,610,519,882 "Minus refunds to employers Insured Unemployment Rate Georgia - 1996 to present Percent 2.00 1.50 1.00 0.50 0.00 _ill~l!~~~~~l!~~~~~~~~~JI J F MA MJ J A S 0 N D J F MA MJ J A S 0 96 97 Insured unemployment rate calculated using a thirteen week moving average. 15 STATE OF GEORGIA - DEPARTMENT OF LABOR LABOR INFORMATION SYSTEMS 148 INTERNATIONAL BOULEVARD, N.E. ATLANTA, GEORGIA 30303-1751 OFFICIAL BUSINESS PENALTY FOR PRIVATE USE - $300 OCTOBER 1997 DATA GA LZOO. lfb VOLUME XXlll, NUMBER 10 Pl Job growth regains momentum 7'7 2??/t 0 G eorgia nonagricultural employment increased by 35,700 jobs in October. The job gain represents ment has increased by 119,900jobs over the year, a growth rate of 3.4 percent. The construction division gained 500 jobs, as a slowdown in general HIGHLIGHTS the largest monthly in- building construction and heavy con- ,/ Total nonagricultural crease of the year and the second big- struction somewhat offset a job gain in employment sets third record in gest monthly increase ever. Retail trade special trades' construction.A slowdown a row gained 5,900 jobs as department stores, in heavy and general building construc- apparel and accessory retailers and home tion often occurs in October through ,/ Atlanta MSA exceeds two furnishings and equipment establish- January as the weather becomes more million jobs ments began to gear up for the holiday unpredictable and inclement. Violations season. These three sectors accounted of clean air standards in the Atlanta area for more than 74 percent of the monthly continue to keep federal highway funds retail trade increase. The return of nine tied up. The loss of these funds has put ,/ Georgia's unemployment rate falls to 4.1 % month employees to state and local edu- any new highway projects on hold and cation contributed 11,800 jobs to the has restricted improvements approved monthly job increase. Payroll employ- prior to the ban. Since January 1997's ,/ Unemployment declines in 128 counties Continued on page 2 New developments------------------ > Hankook Synthetics Inc. will build a new manufactur- ing plant in Augusta. The company will produce polyester fiber and construction of the new facility will begin in January. Start-up is scheduled for January 2000 with 500 employees and within ten years, employment will grow to 1,800. > Griffiths Corporation plans to build a new facility in Columbia County. The company will manufacture tractor instrument console panels, step assemblies and various brackets and hinges. The metal stamping plant will bring 100 new jobs to the county over the next three years. > Bestop Inc. will open a new plant in Dodge County. The company will occupy an existing building with production of soft tops for sport utility vehicles to begin in November 1997. Between 150 and 250 people will be employed within the first 12 to 18 months of operation. > Fanello Industries is locating in Lavonia The com- pany will supply tool and die products to the automotive, appliance and HVAC industries. Three production phases are planned for the new facility that will start production with 10-15 employees and grow to 100 employees over the next five years. Georgia Department of Labor David Poythress, Commissioner 148 INTERNATIONAL BLVD.. N.E. + ATU\NTA. GEORGIA 30303-1751 + 404-656-3177 GEORGIA LABOR MARKET TRENDS Job growth regains momentum Continuedfrom page 1 employment level of 159,200, construction has increased 12,100 jobs to a total of 171,300. Special trades' construction accounted for 8,700 of the total construction job increases. New construction has slowed substantially as the low job growth in general and heavy building indicates. The manufacturing division added 800 jobs in October but lost 1,600 workers annually. Durable goods manufacturing gained 1, 100 workers for the month. Transportation equipment added 400 jobs split evenly between auto and aircraft manufacturing. Fabricated metal products contributed 300 workers as metal products other than machinery and transportation equipment increased 200 workers. The employment increase in this sub-sector was distributed throughout the various manufacturing processes represented. Primary metals manufacturing gained 200 jobs and electronic equipment 100.A seasonal job loss (-300) did occur in farm and garden equipment production. Every sector of durable goods manufacturing has added workers for the year except primary metal industries which were unchanged. The largest annual employment increases were in transportation equipment (+1,300) and lumber and wood products (+1,000). Nondurable goods continue to lose employment monthly and annually. The October decline was 300 as job losses in apparel (-400), paper (-200) and textile products (-100) were moderated by a monthly increase in printing and publishing (+400). The only nondurable sectors showing yearly job growth are printing and publishing and food products. Apparel and textile products have lost 4,900 jobs since January 1997, with the decline almost evenly split between the two sectors. Airline transportation and trucking and warehousing combined to account for 1,500 of the 1,800 jobs gained in the transportation, communications and public utilities division. Trucking and warehousing added 400 workers to meet holiday deliveries to retailers. Airline transportation continues to increase as carriers add additional flights to new destinations. Airlines have already added 3,500 employees in 1997 and trucking and warehousing have gained 5, 100 workers. Public utilities have been flat lately as communications have reduced their rapid growth experienced earlier in the year. Both retailers and wholesalers began to add employees in October as the trade division gained 7,700 jobs. Wholesale trade increased by 1,800 workers and retail added 5,900 new jobs. The Christmas buildup at this point is concentrated in department stores, apparel stores and furniture and home furnishings' establishments. In October 1996 trade increased by 4,300 workers, substantially lower than the holiday buildup this year. General merchandise stores gained 1,700 more employees and apparel stores increased by 800 more workers in 1997 to account for part of the difference. Wholesalers added employees to facilitate the movement of products from manufacturer to warehouse to retailer to meet the critical necessity for timely delivery. Since January 1997 eating and drinking establishments have added 10,500 workers to payrolls. The next largest retail employment gain has been in building materials and hardware stores (+3,500). Automobile dealers have gained 3,400 workers due in part to the growth in new and used car superstores. The finance, insurance and real estate division gained 600 jobs for the month and 8,600 jobs from a year ago. The finance sector continues to dominate the division, adding 600 workers in October. Real estate lost 200 jobs and insurance gained 200 workers to cancel each other out. Finance has been responsible for more than 60 percent of the yearly job increase (+5,200), with insurance adding 1,400 and real estate 2,000 workers. The services division added 6,600 payroll jobs in October. Temporary employment agencies increased 5,800 workers, private education 1,300 and engineering and management added 1, 100 jobs. These substantial increases were somewhat offset by job losses in amusement and recreation and hotels and lodging establishments. The decline in amusement and recreation was seasonal as the last parks closed for the winter. On an annual basis three sectors of business services are growing by more than 10 percent. The growth rate in personnel agencies was 12.5 percent, followed by computer programming and data processing at 11.5 percent and then miscellaneous business services at 10.2 percent. Not only is annual percentage growth strong in these sectors, but combined they have added 23,800 payroll jobs from a year ago. Total annual job growth in services has been 60,300 jobs. The government division gained 17,800 jobs in October as nine month employees in state and local education returned to work. Yearly job gains have been dominated by the two education sectors. Annually, federal government has lost employees in every sector of the division. Produced by the Georgia Department of Labor, Labor Information Systems in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics 2 INDUSTRY TRENDS Total nonagricultural employment Georgia Thousands 3,700 3,600 3,500 3,400 3,300 SONDJFMAMJJASONDJFMAMJJASO 199s 1 996 I 1 997 Employment by industry Thousands 70.0 60.0 Over-the-year change October 1997 60.3 50.0 40.0 30.0 20.0 10.0 6.0 0.0 -1 .6 -10.0 Le:::::=============================================================? Transportation, Wholesale Finance, Construction Manufacturing communications & retail insurance & Services Government & public utilities trade real estate 3 GEORG IA NONAGRICULTURAL EMPLOYMENT (OOO'S) CURRENT MONTH (PRELIMINARY) OCT1997 Total nonagricultural employment ........................................ . Go