ATLANTA – The Georgia Department of Labor announced today that the preliminary unemployment rate in metro Albany rose to 10.5 percent in July, up two-tenths of a percentage point from 10.3 percent in June. The rate was 10.9 percent in July 2011.
The rate increased because the labor grew by 90 new job seekers, which, when coupled with some job loss, pushed the number of unemployed up 206 to 7,839.
US market futures slip as jobless claims rise
NEW YORK (AP) — U.S. stock market futures fell Thursday with the government reporting a slight increase in unemployment benefit applications last week.
Dow Jones industrial average futures gave up 26 points to 13,130. Standard & Poor's 500 futures dipped 3.7 points to 1,408.60, and Nasdaq 100 futures shed 8 points to 2,773.25.
The Labor Department said the four-week average for people seeking unemployment assistance rose a slight 4,000 last week to a seasonally adjusted 372,000. It was the second straight week of increases, although applications remain lower than they were five weeks ago.
The data provided more evidence that the job market's recovery remains modest and uneven, although there are signs that hiring could improve slightly this month.
Metro Athens had the lowest area jobless rate at 7.4 percent, while metro Dalton had the highest at 12.5 percent. Athens has had the lowest area rate, or tied for the lowest, each month since December 2009. Dalton has had the highest area rate since August 2011.
Meanwhile, Georgia’s seasonally adjusted unemployment rate increased to 9.3 percent in July, up three-tenths of a percentage point from 9.0 percent in June. The jobless rate was 10 percent in July a year ago.
The number of jobs in the state dropped by 17,900, or five-tenths of a percentage point, from 3,931,900 in June to 3,914,000 in July. There were 20,600 jobs lost among seasonal workers in the local public schools, but some of that loss was offset because the private sector added 5,600 jobs.
In metro Albany, jobs decreased to 59,300, down by 900 from June, but up by 300 from 59,000 in July 2011.
Local area unemployment data are not seasonally adjusted. Georgia labor market data are available at www.dol.state.ga.us