Georgia unemployment soars
December 4, 2008 at 11:26 am by Andisheh Nouraee in NewsThis time last year, Georgia’s unemployment rate was 4.5 percent, just below the national unemployment rate of 4.7 percent.
The latest stats put Georgia’s unemployment rate at 7 percent, well-ahead of the national unemployment rate of 6.5 percent.
For as long as I can remember, Georgia has been a job-magnet. This year, it’s a job-repellent. So far in 2008, Georgia has lost more jobs than every state except Michigan.
Dr. Rajeev Dhawan of Georgia State University’s Economic Forecast Center expects unemployment in Georgia to keep rising until 2010.
Something to keep in mind: official state and national unemployment stats only tally as unemployed people who are actively seeking full-time work.
Among the unemployed who are not counted in official stats: people who have given up looking for full-time work, freelance and self-employed people who can’t find any paying work, and skilled professional who take low-skill, low-wage jobs because they cannot find work in their chosen field.
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