According to the Georgia Department of Labor unemployment in GA has hit 10.1% which translates into a loss of 209,500 jobs in the last year. We currently have over 483,394 Georgians were looking for work - almost a half a million unemployed. That is a new historic high for Georgia unemployment. June's unemployment was up over 65% from last year, and new filings for 88,756 newly unemployed filing first-time claims for state unemployment insurance benefits in June are up 94.8% from last June. Less than one third of the unemployed are collecting unemployment. The biggest losses are in manufacturing, new construction.
Samson Properties - Chantilly, VA
Northern Virginia,Washington DC & Maryland Realtor
Samson Properties - Chantilly, VA
Northern Virginia,Washington DC & Maryland Realtor
Long & Foster - Fredericksburg, VA
Jim Crawford Broker Associate Fredericksburg VA
TheHousingGuru.com - Waleska, GA
Housing Guru
Jim, the GA builder I once worked for has gone from 1,400 employees to 200, half what they had when I left almost 20 years ago. And I just read that GA has lost 3 other major homebuilders this year.
Jul 15, 2009 01:11 PM
RE/MAX Broker, RE/MAX - Springfield, MO
Realtor®, Springfield Mo Real Estate
The strong full time realtors will survive. I'm sure you will be one of them.
Jul 15, 2009 01:30 PM
Anonymous
It has been increasing by 0.5% per month and thus could be at 13% by year end. Draw the graph and ignore the media spin. If the government wasn't subsidizing everything we would be on record to be worse than the great depression. Hope you enjoyed the last 20 years because the next 20 won't be quite so easy. So much for Bernake stating 8.9% unemployment for 2009!
BTW- did you know cap and trade will require energy audits of houses before you can sell and may require penalties for "inefficient " homes? Think unemployment is high now... Think real estate is slow now...
Jul 15, 2009 02:23 PM
#6
Long & Foster - Fredericksburg, VA
Jim Crawford Broker Associate Fredericksburg VA
John Mulkey, Housing Guru (TheHousingGuru.com) A sad year in Georgia. There will be many more builders that follow the same path this year.
Jul 15, 2009 02:39 PM
Long & Foster - Fredericksburg, VA
Jim Crawford Broker Associate Fredericksburg VA
Kay Van Kampen, CDPE, Broker, Springfield Missouri Real Estate (RE/MAX Solutions) I hope you are right Kay... we are actually having a good year.
Jul 15, 2009 02:40 PM
Long & Foster - Fredericksburg, VA
Jim Crawford Broker Associate Fredericksburg VA
Phoenix, AZ
I had no idea about this, "That is a new historic high for Georgia unemployment."
It appears to say that over the next year that record may be shattered.
Jul 15, 2009 03:28 PM
Rainmaker
1,555,832
1,555,832
Jim Crawford
Jim Crawford Broker Associate Fredericksburg VA
Comments(10)