Savannah Unemployment Rate Inches Up Slightly in January
Friday, March 15th, 2024
Georgia Labor Commissioner Bruce Thompson said Thursday that Savannah recorded an unemployment rate of 2.7 percent in January, up three-tenths of a percent over the month. A year ago, the rate was 3.1 percent.
“Georgia's January unemployment rate hit its lowest point in over a year,” said Commissioner Thompson. “This speaks volumes about our state's economic resilience and ability to lead when times get tough. Regionally, we are seeing a slight seasonal uptick in January unemployment, but Georgia continues to be forward-thinking in its policy decisions and focus on sustainable economic growth. While we may see some softening of the economy over the coming months, Georgia is in a better position than most to overcome any challenges heading our way.”
The labor force increased in Savannah by 574 and ended the month with 201,632. That number went up by 3,863 when compared to January of 2023.
Savannah finished the month with 196,159 employed residents. That number increased by 26 over-the-month and rose by 4,523 when compared to the same time a year ago.
Savannah ended January with 203,600 jobs. That number went down from the previous month by 3,700 and rose by 3,100 when compared to this time last year.
In January, initial unemployment claims increased by 270 (52%) in Savannah. When you compare January 2024 claims to December 2023, claims were up by 69 (10%)
