Metro Atlanta Sees Slight Uptick in Unemployment While Job Numbers Soar
Friday, July 28th, 2023
Georgia Labor Commissioner Bruce Thompson said Thursday that Atlanta recorded an unemployment rate of 3.4 percent in June, up one tenth from a revised 3.3 percent in May. A year ago, the rate was 3.3 percent.
“The bedrock of a thriving economy lies in maintaining low unemployment, but equally essential is striking the right balance between job growth and a capable workforce that can meet the evolving needs of Georgia’s industries,” said Commissioner Bruce Thompson. “This well-balanced approach ensures businesses of all sizes have the talent they need to grow and succeed."
The labor force increased in Atlanta by 14,188 and ended the month with 3,241,472. This number increased by 48,782 when compared to June 2022
The number of employed increased by 10,750 to 3,130,198 in June. From June 2022 to June 2023, the number of employed was up by 41,286.
The number of unemployed was up by 3,438 to 111,274 in June. From June 2022 to June 2023, the number of unemployed was up by 7,496.
Atlanta ended June with 3,069,100 jobs, an all-time high. Jobs were up 15,100 (0.5%) over the month and up by 87,900 (3%) over the year. Jobs were at an all-time high in Leisure and Hospitality, 320,200; Financial Activities, 206,800; Construction, 144,400; Information, 119,200; and Other Services, which includes Repair and Maintenance and Personal Services, 109,800.
The sectors with the most over-the-month job gains included Accommodation and Food Services, 6,800; Arts, Entertainment, and Recreation, 2,500; Health Care and Social Assistance, 2,400; Personal Services, 1,300; Wholesale Trade, 1,200; and Transportation and Warehousing, 1,200.
The sectors with the most over-the-year job gains included Health Care and Social Assistance, 27,100; Accommodation and Food Services, 19,100; Professional, Scientific, and Technical Services, 7,800; Local Government, 6,100; and Finance and Insurance, 4,600.
The number of initial unemployment claims went up by 6 percent in Atlanta in June. Claims were up by 61, or 0.4%, compared to last June.