Georgia's seasonally adjusted jobless rate for February was the lowest since January 2009, down to 8.6 percent from 8.7 percent in January. The Georgia Department of Labor announced the February numbers early Thursday.
Georgia’s underemployment rate for the 12 months ending in June was 16.4 percent. These are people who want more work but cannot find it. Brandon Smith talks about whether it’s better to be underemployed and getting something on your resume or unemployed and focusing all your efforts on the job search.
Georgia's jobless rate rose to 9.3 percent in July, which is up from 9 percent in June. Georgia Labor Commissioner Mark Butler said a main reason for the increase is a large number of temporary layoffs in manufacturing.
Georgia is now first among states in foreclosures. The online service RealtyTrac says, the state leaped into the top spot in May with about one-in-six-hundred homes in foreclosure. Atlanta is second among metro areas only to Riverside, California. Tom Merkel of the non-profit housing consultancy The Impact Group says, the data comes as banks step up efforts this year to collect on unpaid mortgages.