Valdosta Unemployment Rate Inches Up Slightly in January
Friday, March 15th, 2024
Georgia Labor Commissioner Bruce Thompson said Thursday that Valdosta recorded an unemployment rate of 3.4 percent in January, up four-tenths of a percent over the month. A year ago, the rate was 3.8 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 decreased in Valdosta by 83 and ended the month with 62,258. That number went up by 918 when compared to January of 2023.
Valdosta finished the month with 60,143 employed residents. That number decreased by 312 over-the-month and went up by 1,127 when compared to the same time a year ago.
Valdosta ended January with 56,000 jobs. That number went down by 1,000 from December to January and went up by 900 when compared to this time last year.
In January, initial unemployment claims increased by 116 (53%) in Valdosta. When you compare January 2024 claims to January 2023, claims were down by 86 (-20%).
