September Unemployment Rate Drops in Athens
Friday, October 27th, 2023
Georgia Labor Commissioner Bruce Thompson said Thursday that Athens recorded an unemployment rate of 3.1 percent in September, down seven-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 increased in Athens by 1,755 and ended the month with 102,459. That number went up by 4,052 when compared to September of 2022.
Athens finished the month with 99,244 employed residents. That number increased by 2,408 over-the-month and rose by 3,508 when compared to the same time a year ago.
Athens ended September with 102,500 jobs, an all-time high. That number increased by 1,600 from August to September and rose by 3,900 when compared to this time last year.
In September, initial unemployment claims decreased by 83 (-29%) in Athens. When you compare September 2023 claims to September 2022, claims were down by 54 (-21%).
