Savannah Unemployment Rate Rises to 6.7% in March
Press release from the issuing company
Friday, April 25th, 2014
The Georgia Department of Labor announced Thursday that Metro Savannah’s unemployment rate increased to 6.7 percent in March, up one-tenth of a percentage point from 6.6 percent in February. The rate was 7.4 percent in March a year ago.
The rate rose because the labor force increased and there were more layoffs. The labor force increased by 1,442, as more job seekers began looking for work. It rose to 183,866 from 182,424 in February. At the same time, there were 1,261 new claims for unemployment insurance filed in March, an increase of 301 from 960 in February. Most of the increase came in transportation and warehousing. There were 1,145 claims in March 2013.
Although the rate rose, Savannah employers created more jobs. The number of jobs increased to 162,900 in March, up by 1,000, or 0.6 percent, from 161,900 in February. The job gains came mostly in leisure and hospitality, professional and business services, and retail trade. Over the year, the number of jobs increased by 2,400, or 1.5 percent, from 160,500 in March 2013. Most of the increase came in leisure and hospitality and trade, transportation, and warehousing.
Metro Athens had the lowest area jobless rate at 5.1 percent, while the Heart of Georgia-Altamaha region had the highest at 9.4 percent.
Meanwhile, Georgia’s seasonally adjusted unemployment rate for March was 7.0 percent, down from 7.1 percent in February. The rate was 8.4 percent in March a year ago.


