Georgia's unemployment rate rose to 3.4% in July due to a record-high labor force, slow job growth, and recession fears.
In July, Georgia's unemployment rate rose slightly to 3.4% from 3.3% in June, with the labor force reaching an all-time high of 5.4 million. This increase is partly due to a record-high labor force, but job growth has been slow due to high interest rates, political uncertainty, and recession fears. Despite the rise in unemployment, Georgia has added 77,600 jobs in the past year. The labor force participation rate is the highest since February 2021, and the employment-to-population ratio remains steady at 59.7%.
August 15, 2024
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