Savannah Sees Drop in April Unemployment Rate
Tuesday, May 30th, 2023
Georgia Labor Commissioner Bruce Thompson said Thursday that Savannah recorded an unemployment rate of 2.5 percent in April, down six-tenths of a percent over the month. A year ago, the rate was 2.5 percent.
"With Georgia's economy continuing to soar, the state unemployment rates remain steady,” said Commissioner Bruce Thompson. “When you consider the number of existing companies expanding throughout the state combined with the incredible announcements of corporations moving to our state, the future continues to look very bright for the labor market. "As we approach the summer months, we are optimistic that job growth will remain steady in virtually every sector in the state."
The labor force decreased in Savannah by 796 and ended the month with 199,088. That number increased by 551 when compared to April of 2022.
Savannah finished the month with 194,161 employed residents, an all-time high. That number increased by 486 over the month and increased by 554 when compared to the same time a year ago.
Savannah ended April with 201,900 jobs. That number increased by 1,400 from March to April and increased by 2,000 when compared to this time last year.
In April, initial unemployment claims increased by 9% in Savannah. When you compare April 2023 claims to April 2022, claims were down by about 22 percent.