Savannah Records All-Time Low Unemployment Rate

Staff Report

Friday, January 26th, 2024

Georgia Labor Commissioner Bruce Thompson said Thursday that Savannah recorded an all-time low unemployment rate of 2.5 percent in December, down one-tenth of a percent over the month. A year ago, the rate was 2.6 percent. 

 “Georgia's success story is nothing short of phenomenal, boasting a blockbuster year with over 5.1 million hardworking Georgians driving our state forward," said Commissioner Bruce Thompson. "As existing businesses scale new heights and a steady influx of new enterprises proudly choose Georgia as their home, the Peach State appears headed toward continued economic success.”

The labor force decreased in Savannah by 756 and ended the month with 199,666. That number went up by 2,341 when compared to December of 2022.

Savannah finished the month with 194,716 employed residents. That number decreased by 461 over-the-month and rose by 2,432 when compared to the same time a year ago.

Savannah ended December with 205,900 jobs. That number remained unchanged from the previous month and rose by 4,200 when compared to this time last year.

In December, initial unemployment claims increased by 76 (17%) in Savannah. When you compare December 2023 claims to December 2022, claims were down by 39 (-7%).