Metro Savannah’s Unemployment Rate Rises to 7.0% in May

Staff Report From Savannah CEO

Thursday, June 26th, 2014

The Georgia Department of Labor announced today that Metro Savannah’s unemployment rate increased to 7.0 percent in May, up eight-tenths of a percentage point from 6.2 percent in April. The rate was 7.5 percent in May a year ago.

The rate increase was seasonal, as new graduates entered the labor force looking for full-time work, while other students searched for part-time summer jobs. The labor force rose by 865, up to 184,466 in May from 183,601 in April.

While the rate rose, the number of jobs increased by 400, or 0.2 percent, to 165,400 in May from 165,000 in April. Most of the job increases came in leisure and hospitality.

And, over the year, the number of jobs increased by 2,600, or 1.6 percent, from 162,800 in May 2013. The job gainers were in professional and business services and leisure and hospitality. Government lost 700 jobs.

Also, there were 1,416 new claims for unemployment insurance filed in May, an increase of 510, or 56.3 percent, from 906 in April. Most of the increase in claims came in transportation and warehousing and accommodations and food services. There were 1,784 claims filed in May 2013.

Metro Athens had the lowest area jobless rate at 5.7 percent, while the Heart of Georgia-Altamaha region had the highest at 9.8 percent.

Meanwhile, Georgia’s seasonally-adjusted unemployment rate for May was 7.2 percent, up from 6.9 percent in April. The rate was 8.4 percent in May a year ago.

Local area unemployment data are not seasonally adjusted. Georgia labor market data are available at www.employgeorgia.com.