Jobless rate holds a silver lining for Cobb
August 27, 2014 04:00 AM | 1786 views | 1 1 comments | 13 13 recommendations | email to a friend | print
Georgia unfortunately has one of the country’s highest unemployment rates in the country at the moment, a situation rapidly becoming a factor in this summer’s gubernatorial race as the Labor Day weekend approaches.

The silver lining in the numbers behind those rates, however, is Cobb County’s economy remains comparatively strong and its jobless rate relatively low when compared with those in Atlanta and elsewhere in the state.

Cobb’s unemployment rate in July stood at 7.2 percent, according to the state Department of Labor. That rate is based on the finding 27,393 county residents are unemployed, out of a labor force of 380,261. (In actuality, economists think the “true” jobless rates both here and elsewhere are higher than the stated rate, due to the fact many long-term unemployed have given up and stopped looking for work, preferring to live on welfare and other government hand-outs. But that’s a story for another day.)

Georgia’s unemployment rate for June was 7.8 percent, second-worst in the country, beating only Mississippi’s 8.0 percent. The rate for the country as a whole was 6.2 percent.

Cobb’s rate also is lower than that of Atlanta, which was pegged at 8.0 percent. Only five of the 28 counties in the metro Atlanta region have lower jobless rates than Cobb: Cherokee, Dawson, Forsyth, Gwinnett and Pickens.

Those numbers frankly don’t come as that great of a surprise. Cobb County, after all, has certain indelible advantages when it comes to attracting and supporting business and jobs. First of all, and probably most important, is its transportation network. It sits astride I-75, the busiest interstate highway in the country, and also is traversed by two other interstates, 285 and 575. It also is served by one of the busiest freight-rail lines in the country, the CSX, and is just a short drive from one of the world’s premier airports in Atlanta.

Cobb and Marietta also have long emphasized strong public education systems and boast one of the best-educated workforces in the state.

Cobb also has enjoyed a “leadership advantage” in many respects through the years in both the private and public sectors, with a pro-business outlook and the most diverse economy in its history.

In short, many factors have combined to make Cobb a great place to live and do business. And we’re confident they will help ensure that the county’s unemployment rate keeps moving in the right direction — downward.

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moliere
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August 27, 2014
"Cobb’s rate also is lower than that of Atlanta, which was pegged at 8.0 percent."

Ummm ... for a suburban area to be only marginally better (less than a percentage point) than an urban area in unemployment is not good at all.
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