Metro Valdosta’s Unemployment Rate Declines to 9.0% in October
Press release from the issuing company
Sunday, November 27th, 2011
The Georgia Department of Labor announced today that the preliminary unemployment rate in metro Valdosta decreased to 9.0 percent in October, down three-tenths of a percentage point from 9.3 percent in September. The jobless rate in metro Valdosta in October a year ago was 8.6 percent.
The rate declined because the number of jobs increased by 400. Most of the growth was in the service-related industries such as trade, transportation and warehousing.
Metro Athens had the lowest area rate at 7.5 percent, while metro Dalton had the highest at 12.7 percent.
Meanwhile, Georgia’s seasonally adjusted unemployment rate declined to 10.2 percent in October, down one-tenth of a percentage point from 10.3 percent in September, as well as from October a year ago.
The rate dropped because Georgia added 26,500 jobs, up seven-tenths of a percentage point to 3,818,800 from 3,792,300 in September. While growth came in several sectors, 12,200 of the jobs occurred from early hiring in retail, transportation and warehousing, as employers prepared for the holiday season.
October is the 51st consecutive month Georgia has exceeded the national unemployment rate, which is currently 9.0 percent.