July Unemployment Rate Declines in Valdosta
Monday, August 28th, 2023
Georgia Labor Commissioner Bruce Thompson said Thursday that Valdosta recorded an unemployment rate of 3.6 percent in July, down three-tenths of a percent over the month. A year ago, the rate was 3.4 percent.
“Georgia’s labor market continues to stand strong as a beacon of hope and prosperity,” said Commissioner Bruce Thompson. “With low unemployment and plentiful job opportunities, local communities are thriving and showcasing remarkable resilience in the face of economic uncertainty.”
The labor force decreased in Valdosta by 371 and ended the month with 62,025. That number went down by 742 when compared to July of 2022.
Valdosta finished the month with 59,821 employed residents. That number decreased by 114 over-the-month and went down by 824 when compared to the same time a year ago.
Valdosta ended July with 55,800 jobs. That number decreased by 400 from June to July and went down by 500 when compared to this time last year.
In July, initial unemployment claims increased by 53 (22%) in Valdosta. When you compare July 2023 claims to July 2022, claims were down by 114 (-28%).
