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Thursday, June 11, 2009

Latest Unemployment News in Georgia

The number of first time unemployment insurance claims has slowed over this same time last year.

State Labor Commissioner Michael Thurmond says that may be an indicator of stability in the state's job market.
"These initial unemployment claim numbers are not as worse as they have been. We've been experiencing triple digit increases year over year. And, a 68.7 percent increase last month in May. Although it's not good by any stretch of the imagination, it's not bad as it has been."
And, there's more good news for some of the state's metro areas.
"Eleven of Georgia's 14 metropolitan areas actually have a decrease in month over month initial claims between the months of April and May," says Thurmond.
Georgia recently received 152-million in federal stimulus dollars to extend unemployment insurance for nearly 160-thousand out of work residents. Those checks went out earlier this week.

GPB News Team: