Savannah Unemployment Rate Holds Steady at 2.7% in February
Friday, March 29th, 2024
Georgia Labor Commissioner Bruce Thompson said Thursday that Savannah recorded an unemployment rate of 2.7 percent in February, unchanged over-the-month. A year ago, the rate was 3.0 percent.
“Georgia continues to thrive, fueled by a powerhouse workforce and savvy economic investments,” said Commissioner Bruce Thompson. “For the past 48 months and counting, Georgia has continued to outshine the nation with low unemployment and high-quality jobs. Our regional unemployment numbers are a testament to this remarkable track record of success and Georgia’s ability to drive economic opportunity across virtually every corner of the state.”
The labor force increased in Savannah by 1,432 and ended the month with 203,436, an all-time high. That number went up by 3,781 when compared to February of 2023.
Savannah finished the month with 197,906 employed residents, an all-time high. That number increased by 1,372 over-the-month and rose by 4,339 when compared to the same time a year ago.
Savannah ended February with 205,100 jobs. That number went up from the previous month by 600 and rose by 3,100 when compared to this time last year.
In February, initial unemployment claims decreased by 160 (-20%) in Savannah. When you compare February 2024 claims to February 2023, claims were up by 54 (10%).
