According to state labor officials, there are more than a quarter of a million Georgians that have been out of work for 27 weeks or more. Georgia's unemployment rate is up from last month and back into the double digits.
Unemployment in Georgia continues above the national average. That meant the State had to borrow money from the federal government to help pay benefits. The debt is rising and the state will soon have to pay interest.
“Stagnant” is the word Georgia’s top labor official used Thursday to describe the state’s job market. The jobless rate stands at 10 percent – the same as a year ago. To stimulate hiring, the state will expand its job training program. Critics say the program is free labor for employers because trainees aren’t paid.
President Obama says he will draw down troops in Iraq by the end of the month. He used a speech to the Disabled American Veterans in Atlanta for the announcement. The President also promised to help veterans no matter when and where they served.
State Labor Commissioner Michael Thurmond announced Thursday that federal extended unemployment insurance benefits are now being paid to nearly 91,000 jobless Georgians. The law extends the qualifying time for eligible recipients from June 2 through Nov. 30. Checks mailed today to Georgians totaled more than $76 million.