Georgia’s Economic Recovery Leads to One of the Nation’s Lowest Unemployment Rates
Thursday, January 20th, 2022
Georgia Labor Commissioner Mark Butler partnered with state officials during the pandemic to make decisions for Georgians that led to quicker economic recovery helping our businesses to bring employees back to work more successfully. These economic strategies have contributed to Georgia leading the nation as one of the top ten states for lowest unemployment rates as well as the lowest unemployment rate among the top ten most populated states.
Today, Commissioner Butler announced an all-time low unemployment rate for December 2021 of 2.6 percent, dropping two tenths of a point from November’s rate of 2.8 percent. The national December 2021 unemployment rate was down three-tenths to 3.9 percent.
“Making critical decisions early in the pandemic has allowed us to get Georgians back to work quicker and allow business owners to provide the goods and services Georgia needed for our economy to rapidly recover,” said Commissioner Butler. “We are grateful for leadership that limited restrictions on businesses and avoided the steep job losses seen in other states.”
Georgia’s November rate of 2.8 percent, and now all-time low rate of 2.6 percent in December, greatly outperforms other states who imposed much stricter guidelines for businesses during the pandemic. New Jersey’s and New York’s unemployment rate of 6.6 percent during November 2021 is two and a half times that of the Peach state. Nevada is still under an indoor mask mandate in most counties and ranked 50th nationally with an unemployment rate of 6.8 percent, right above California’s rate of 6.9 percent.
"Last month, seven industries saw job growth of more than a thousand,” said Commissioner Butler. "Although our unemployment rate is one of the lowest in the nation, we have to focus on getting people back into the workforce to fill the jobs Georgia businesses are creating. Now is one of the best times we have seen for finding employment.”
Georgia’s number of jobs was up 24,200 over the month and up 198,200 over the year to 4,648,000, making up for over 97% of the jobs lost during the pandemic. Job numbers were at an all-time high in the Trade and Transportation, Retail Trade and Transportation and Warehousing, Professional and Business Services, and in Professional, Scientific, and Technical Services and Administrative and Support Services sectors.
Commissioner Butler also announced today a new all-time number of employed Georgians up 14,026 to 5,041,987 in December. The labor force was up 3,701 to 5,177,893, and the number of unemployed was down 10,325 to 135,906, the lowest figure since January 1980 when the labor force was at 2.46 million.
There are over 200,000 jobs listed online at EmployGeorgia.com, resulting in a minimum of over 305,000 unfilled positions. Employers with over a thousand job postings included United Health Group, 2,200, Home Depot, 1,700, Amazon 1,500, Wellstar Health System, 1,400, Walmart, 1,200, and Marriott International, 1,200.
Industries with over ten thousand job postings included Health Care, 30,000, Retail Trade, 17,000, Accommodation and Food Services, 15,000, Finance and Insurance, 13,000, Manufacturing, 11,000, and Professional, Scientific & Technical Services, 10,000.
Market salaries for the jobs listed on Employ Georgia range from $23,000 to $105,000, showing a median salary of $44,000.
Initial claims were down 272 (2%) from November to 16,922 in December, marking the lowest monthly total since June 1974. Initial claims were down 107,363 (86%) over the year.