Atlanta-based SunTrust Banks Inc. has informed employees that it will cut 800 positions in its mortgage business. The bank joins others in a trend that's led to lost jobs as mortgage interest rates rise and fewer homeowners refinance their loans.
State labor officials say Georgia's jobless rate has risen to 8.8 percent. The Georgia Department of Labor released July's seasonally adjusted unemployment rate early Thursday. It is up from last month's 8.5 percent rate, but still lower than the 9.1 percent from July a year ago.
State officials have been notified that a northwest Georgia firm is laying off 67 employees at its Rome plant. The Rome News-Tribune reported that General Aluminum Manufacturing Co. has notified the Georgia Department of Labor that it intends to lay off the employees. The letter sent to the state indicated that the layoffs represent the plant's entire workforce.