Metro Atlanta’s Unemployment Rate Dips to 6.9% in February

The Georgia Department of Labor (GDOL) announced Thursday that metro Atlanta’s unemployment rate decreased to 6.9 percent in February, down two-tenths of a percentage point from 7.1 percent in January. 

The rate was 8.4 percent in February a year ago.

Fulton county is included in GDOL's metro Atlanta statistics and the unemployment rate is not seasonally adjusted. Last week, GDOL said the state's jobless rate, which is seasonally adjusted, fell to 7.1 percent in February from 7.3 percent in January. 

Both the state and metro Atlanta trail the national rate, which is at 6.7 percent.

Fulton's unemployment rate for February was 7.7 percent, which is down two-tenths of a percentage point from the revised 7.9 percent in January. The rate was 9.0 percent in February a year ago. 
 
In February, Oconee had the lowest jobless rate among counties in the state at 4.0 percent, followed by Forsyth, Clarke and Madison, all at 5.3 percent. 
    

The rate declined in metro Atlanta because there were 23.3 percent fewer new layoffs, as the number of initial claims for unemployment insurance dropped to 17,897, down 5,426 from 23,323 in January. Most of the decline in claims came in trade, transportation, and warehousing, manufacturing, administrative and support services, and accommodations and food services. There were 19,166 claims in February 2013.

Although the number of new claims declined, metro Atlanta lost 1,900 seasonal jobs in February, mostly in leisure and hospitality and retail trade. The number of jobs declined to 2,409,000, down from 2,410,900 in January.

However, the number of jobs rose by 42,600, or 1.8 percent, over the year, up from 2,366,400 in February 2013. The big job gainers over the year were in trade, transportation, and warehousing, 12,800; professional and business services, 8,200; leisure and hospitality, 8,100; construction, 6,400; and education and health services, 5,900; financial services, 2,000; and manufacturing, 1,200. With a loss of 2,600 jobs, government was the only sector that declined.

Metro Athens had the lowest area jobless rate at 5.1 percent, while the Heart of Georgia-Altamaha region had the highest at 9.7 percent.

Meanwhile, Georgia’s seasonally adjusted unemployment rate for February was 7.1 percent, down from 7.3 percent in January. The rate was 8.5 percent in February a year ago.

Local area unemployment data are not seasonally adjusted. Georgia labor market data are available at www.employgeorgia.com.