Published: Thu, April 20, 2017
Medicine | By Megan Pierce

As March Unemployment Rate Dips, So Do Available Jobs

As March Unemployment Rate Dips, So Do Available Jobs

It's the lowest rate since late 2007 and is the second month in a row that the state's unemployment rate has been less than 5 percent.

The national unemployment rate in February was 4.9 percent, not seasonally adjusted, down from 5.2 percent a year earlier.

The seasonally-adjusted rate is.9 percent lower than it was this time previous year.

From February to March, the total nonfarm employment increased by 8,600 jobs. That number is made up of people who are actively employed and those out of work but seeking a job and a paycheck.

"The stable unemployment rate at both the federal and state level indicates a strong economy approaching full employment", said Kentucky Labor Market Information Director Kate Shirley Akers, Ph.D. "This is the 56th consecutive month that job growth has outpaced the nation". The labor participation rate is the percentage of all Georgia residents at least 16 years old who are in the labor force.

The financial activities sector added 500 jobs in March 2017. A year ago in March, the figure was at 5.5 percent.

In the category of first-time unemployment filings, Columbus only added three additional claims, giving it 798 new filings for assistance in March of this year.

The labor department urges that those searching for work take a look at its site, www.employgeorgia.com, which had just over 85,000 new job postings in March. Over the year, the sector has gained 2,100 jobs or 2.3 percent.

Support should be extended to micro and emerging businesses, the engines of job creation. Over the year, Other Services are up 1,200 (+0.9%) jobs. Other services lost 1,300 jobs.

People attend a job fair in Hengshui, North China's Hebei province, Feb 13, 2017. Since March 2016, this industry has added 2,900 jobs, growing by 3.8 percent. Seasonal adjustments eliminate these influences and make it easier to observe statistical trends.

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