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Georgia Unemployment Rises to 10.5%

Georgia Department of Labor just released the most recent Georgia unemployment statistics today. It confirms that Georgia is losing jobs at a much quicker rate than the rest of the nation. The metro Atlanta unemployment rate now stands at 10.5% up from a revised 10.3% in August. Atlanta metro job losses are up 5.9% from last year. The state average is 10.1% which is a big jump from the same time period last year when the unemployment rate was at 6.7%. This is 23 months that the Georgia unemployment rate is above the national average. Last year the state average stood at 5.9%. The national average is 9.8%.

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Posted by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO on 10/22/2009 05:21 PM

Comments (19)

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Originally posted at: Atlanta Real Estate | Atlanta Housing News for Real Estate: Georgia Unemployment Rises to 10.5%

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19 Comments on Georgia Unemployment Rises to 10.5%

OCT

The latest figure I can find for Loudoun County is 4.8% and that was July 2009.

Most of Northern VA is around that figure.

The close in MD counties are around 6%. Not bad considering.

Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate That is incredible. Ellen and I were in Northern VA this last weekend on the way to a class reunion in New York. On the way home, we stayed in Fairfax near Chantilly VA, and went to the Wegmans in Sterling VA. We could not believe the difference on the two economies. It is very noticeable. In the Atlanta area we have loads ov retail and commercial vacancies, restaurants and shops are closing all over the place. There's a lot of visible collateral damage with high unemployment.

In Indiana we too are experiencing high unemployment largely due to the auto and RV business' that have manufacturing bases here. Thankfully the GM plant here in Fort Wayne is one the few that is doing well

Not good. It looks as though it will get much worse before it gets better. Michigan is not doing that great as well.

The national figures reported today were up higher than expected. I'd like to see some tax incentives to help create jobs.

Things don't look too much better here in the Raleigh Area. The high tech industry, which fueled a lot of the high end salaries, and therefore home sales, are laying off and not rehiring.

My daughter has friends in Atlanta who wanted her to move there, no wonder she couldn't get a job.

Hope things turn around for you soon.

Fort Wayne Real Estate by Brian Kuhns (Coldwell Banker Roth Wehrly Graber) The Ford Plant in Hapeville, and the GM plant in Doraville closed in the last few years. Delta also was the big employer until they declared bankruptcy...more layoffs were announced for Delta today.

Robert L. Brown~Grand Rapids Real Estate Bellabay Realty, West Michigan (www.mrbrownsellsgr.com) My heart bleeds for Michigan. You have really been hit very hard. Hang in there.

Syreeta Saunders-Keys, MBA - The Keys2Day Team (Keller Williams Realty Centre) It is scary because the real unemployment rate is actually much higher than the reported numbers. The real unemployment rate includes those that cannot find work, that have been dropped from unemployment rolls, and those that have just stopped looking.

Linda Jandura Realtor North Carolina Buyer & Seller Specialist (Raleigh Cary Realty) I feel sorry for so many. Persons will hold off tech purchases so they can put food on the table instead.

Hi Jim. Florida is up to a record of 11% which is not good. ~ Lana

JIM..This is not good..and Wall Street is handing out bonuses..something is wrong here...

Lana Robbins P.A., GRI, Realtor ® in Tampa Bay, Florida (Coldwell Banker Residential Real Estate) Florida was striaght up there too. I was looking at all the results this evening. Over 10% we're in trouble.

Hannah Williams (Re/Max affiliates NE) Correction, Wall Street is handing out your tax dollars that are TARP monies. Change is good! It is business as usual in DC. They are the ones supposed to be overseeing the banks. And they want to run health care? They can't even handle postage stamps!

Jim,

Welcome to the double-digit club. Vegas area figure just rose to 13.9% for September. Not pretty.

OCT

I don't need reports to tell me how it is in this area (although I do read them). All I need is to see friends struggling to make ends meet..... it's very sad!

Esko Kiuru - Las Vegas NV Mortgage Consultant (FHA, VA, Conventional, Refinance, Jumbo) There are a lot of members in that club! I was schocked to see that Atlanta is right behind Michigan and Las Vegas in many categories.

Leesa L. Finley, REALTOR®/RE Strategist Wake Forest NC Real Estate and Area Info (CIRCA PROPERTIES - Your Wake Forest/North Raleigh Specialist) I know, we have had many friends leave the business, declared bankruptcy and lose their homes.

Jim, It's not where any of us want to lead the national average!
Your friend in Washington State,
Paul

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