Cobb’s jobless rate declines to 6.3% in Feb. ’14
by MDJ staff
April 01, 2014 04:00 AM | 2080 views | 0 0 comments | 11 11 recommendations | email to a friend | print
ATLANTA — The Georgia Department of Labor announced Cobb County’s unemployment rate dipped slightly to 6.3 percent in February.

That’s one-tenth of a percent lower than the 6.4 percent jobless rate recorded in January of this year. The rate was 7.6 percent in February 2013.

Cobb continues to fare better than both the state of Georgia and metro Atlanta when it comes to joblessness.

The statewide jobless rate for February was 7.1 percent, down from 7.3 percent in January. The rate was 8.5 percent in February 2013.

Metro Atlanta’s unemployment rate decreased to 6.9 percent in February, down two-tenths of a percentage point from 7.1 percent in January. The rate was 8.4 percent in February 2013.

The rate declined because there were 23.3 percent fewer new layoffs, as the number of initial claims for unemployment insurance dropped to 17,897, down 5,426 from 23,323 in January. Most of the decline in claims came in trade, transportation, warehousing, manufacturing, administrative and support services, and accommodations and food services. There were 19,166 claims in February 2013.

Although the number of new claims declined, metro Atlanta lost 1,900 seasonal jobs in February, mostly in leisure and hospitality and retail trade. The number of seasonal jobs declined to 2,409,000, down from 2,410,900 in January.

However, the number of overall jobs rose by 42,600, or 1.8 percent, over the year, up from 2,366,400 in February 2013. The big job gainers over the year were in trade, transportation, and warehousing, 12,800; professional and business services, 8,200; leisure and hospitality, 8,100; construction, 6,400; and education and health services, 5,900; financial services, 2,000; and manufacturing, 1,200. With a loss of 2,600 jobs, government was the only sector that declined.

Metro Athens had the lowest area jobless rate at 5.1 percent, while the heart of the Georgia-Altamaha region had the highest at 9.7 percent.

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