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Metro Albany’s jobless rate rises to 10.5 percent in July

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

Comments

Sister_Ruby 1 year, 7 months ago

And nationally, there were 372,000 new applications for unemployment last week. How's the Obama/Biden Recovery going for us?

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ustaknow 1 year, 7 months ago

4 more of Obama and we will all be living with our mama.

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Shinedownfan 1 year, 7 months ago

The unemployment rate will come down in August since all the teachers and principals got their jobs back!

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bigbob 1 year, 7 months ago

And they still love Obumma, he gives them welfare, foodstamps, medical, etc. Just what most albanians count on. If there was jobs they would move out of Albany.

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cfcarroll64 1 year, 7 months ago

I guess we can blame this on Bush also. And ustaknow is right if Obama goes back in, we all will be living with mama or someone cause we won't be able to make it on our own. And bigbob is also correct the biggest hardest job they want is to see how much they can steal from the working class.

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whattheheck 1 year, 7 months ago

I think the numbers may be screwed up. Isn't 10.5 % the related to the number of taxpayers in Albany?

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