Georgia unemployment rate hits lowest level in nearly 4 years
by AP News Now
December 20, 2012 09:28 AM | 1037 views | 3 3 comments | 5 5 recommendations | email to a friend | print
In this Friday, Nov. 30, 2012, photo, an unidentified job seeker uses his iPad to help fill out job applications at the Fort Lauderdale Career Fair, in Dania Beach, Fla. Weekly U.S. unemployment benefit applications fell 25,000 last week to a seasonally adjusted 370,000, the government said Thursday. The third straight drop shows a temporary spike caused by Superstorm Sandy has faded. (AP Photo/J Pat Carter)
In this Friday, Nov. 30, 2012, photo, an unidentified job seeker uses his iPad to help fill out job applications at the Fort Lauderdale Career Fair, in Dania Beach, Fla. Weekly U.S. unemployment benefit applications fell 25,000 last week to a seasonally adjusted 370,000, the government said Thursday. The third straight drop shows a temporary spike caused by Superstorm Sandy has faded. (AP Photo/J Pat Carter)
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ATLANTA (AP) — Georgia's unemployment rate has dropped to its lowest rate in nearly four years.

State labor officials said Thursday morning that Georgia's seasonally adjusted jobless rate declined to 8.5 percent in November.

State Labor Commissioner Mark Butler said that is the lowest state unemployment rate in nearly four years, since it was 8.5 percent in January 2009.

Butler said the rate dropped because of continued job growth and fewer new layoffs.

Gov. Nathan Deal said in a statement that he's encouraged by continuing growth in the number of manufacturing jobs in Georgia.

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Ksaw
|
December 20, 2012
Horse-hockey... it's dropping because so many have given up looking or have become part of the "shadow economy" by taking odd jobs or starting their own businesses - jobs that aren't reported.
ECP
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December 21, 2012
NO, if it was dropping because of "dropping-out," it would not be related to job growth. It may be time to get over the idea that all are doomed. The economy is expanding. That is fact. You use the term "shadow-economy." That tells me you know something about economic cycles. You know and I know that people , at some point, will stop looking actively and take odd jobs or become entrepreneurs. It happens all the time, and has been happening forever. The fact is that the unemployment rate is dropping. It IS because of people being hired. Entrepreneurship is a good thing. If people are starting businesses, it leads to an expanding economy. The rate is nowhere near what we would like. The fact also is that there are less people needed, due to productivity factors. Get over it. The unemployment rate IS dropping. I'm sorry that you can't continually spread gloom, but things are looking up, at least until next year.
ECP
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December 21, 2012
I failed to mention:

The following is taken from the AJC:

"It is expected to be one of the biggest deals in the region in the past year (GM bringing 1000 jobs to Roswell). Caterpillar said in February it was building a $200 million plant in Athens that would ultimately staff about 1,400 people. And Baxter International announced in April it was building a $1 billion pharmaceutical manufacturing facility that would create another 1,500 jobs.

The GM deal represents a different type of foray, as the state continues a shift toward what economic development officials call “knowledge-based” jobs.

In recent weeks, Porsche broke ground on its North American headquarters at a site near the airport; Panasonic opened a research center that could staff about 100 in Midtown; and AT&T said it was scouting Atlanta for a sought-after research hub that could spawn start-up companies."

Enough said about your belief that the lower unemployment rate is horse hockey. The above mentioned jobs haven't even been filled yet. What will you say about them when they are? By the way, how DO horses play hockey?
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