Valdosta’s Jobless Rate Declines to 8.4% in March
Press release from the issuing company
Thursday, April 26th, 2012
The Georgia Department of Labor announced today that the preliminary unemployment rate in metro Valdosta declined to 8.4 percent in March, down three-tenths of a percentage point from a revised 8.7 percent in February. The jobless rate in metro Valdosta in March a year ago was 8.9 percent.
The rate decreased because there was increased employment in trade and transportation and other service related industries.
Metro Athens had the lowest area rate at 6.7 percent, while metro Dalton had the highest at 11.6 percent.
Meanwhile, Georgia’s seasonally adjusted unemployment rate declined in March for the eighth consecutive month to 9.0 percent, the lowest rate since February 2009, when it was 8.9 percent. That is a decline of one-tenth of a percentage point from a revised 9.1 percent in February. The jobless rate was 9.8 percent in March a year ago.
Statewide, the rate went down because the number of jobs in March increased by 13,900 to 3,894,900. Also, revised numbers show the state gained 35,600 jobs in the past 12 months.
The employment sectors showing growth since March of 2011 were: professional and business services, 28,900; trade and transportation, 10,700; education and health services, 7,900; manufacturing, 5,900; and leisure and hospitality, 1,200.