Georgia is now officially the number one place to do business, according to Site Selection magazine. Gov. Nathan Deal announced the ranking at the state Capitol Monday, touting it as one more fulfilled campaign promise. But critics call the designation ‘meaningless,’ saying it doesn’t give an accurate description of Georgia’s economic health.
Georgia Labor Commissioner Mark Butler says the state has made significant progress repaying the federal government for loans that covered unemployment benefits in recent years. After the beginning of the recession, Georgia went more than $721 million into debt to the federal government to cover the cost of unemployment benefits.
State labor officials say metro Atlanta's unemployment rate has risen to 8.9 percent. The Georgia Department of Labor announced the new numbers early Thursday. The 8.9 percent jobless rate for June was up seventh-tenths of a percent point, from 8.2 percent in May. That was still under the 9.3 percent rate in June a year ago.
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.