September Unemployment Rate Drops in Savannah
Friday, October 27th, 2023
Georgia Labor Commissioner Bruce Thompson said Thursday that Savannah recorded an unemployment rate of 3.0 percent in September, down five-tenths of a percent over the month. A year ago, the rate was 2.7 percent.
"Georgia reigns as the ultimate destination for business and economic opportunity," said Labor Commissioner Bruce Thompson. "However, with recent workforce reductions at Geico, Yellow Freight, and other companies throughout the state, we need to be cognizant of the financial pressures creating some instability within our existing business community. In today's ever-shifting global market, we must remain vigilant and lead with innovation."
The labor force decreased in Savannah by 399 and ended the month with 201,282. That number went up by 4,719 when compared to September of 2022.
Savannah finished the month with 195,208 employed residents. That number increased by 503 over-the-month and rose by 3,900 when compared to the same time a year ago.
Savannah ended September with 203,300 jobs. That number decreased by 1,100 from August to September and rose by 4,200 when compared to this time last year.
In September initial unemployment claims decreased by 134 (-20%) in Savannah. When you compare September 2023 claims to September 2022, claims were down by 32 (-6%).
