Georgia's unemployment rate slipped to 5 percent in April, down from 5.1 percent in March, the Georgia Department of Labor reported Thursday.
The state Office of Labor and Workforce Development says the April jobless rate of 3.9 percent was up from 3.6 percent in March. In April, payrolls nationwide bounced back with employers adding 211,000 jobs. "Jobs are being created, unemployment continues to fall and the labor market is tightening". That is 0.3 of a percentage point lower than the national rate of 4.4 percent.
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The industry posting the biggest jobs decline was professional and business services, which lost 3,000 jobs, to 215,700, down 1.4 percent.
The state has added an estimated 76,500 jobs since April 2016, with the private sector adding 61,700 jobs and the public sector gaining 14,800. Aside from Atlanta's gain of 87,200 positions year over year, metro areas adding at least 1,200 jobs or more were Augusta, Savannah, Gainesville, Warner Robins, Athens, Macon and Albany.
Long-term U.S. mortgage rates barely moved this week after rising last week for the first time in five weeks. While wage growth is picking up, it's well below where the Federal Reserve would like to see it - 3.5%.
Over the past 17 years, part-time employment has grown 67% versus 27% for full-time jobs. Since April 2016, that rate has increased by 1.5 percent, according to a release from the state. The manufacturing sector added 200 jobs but has lost 2,000 since past year.
Construction with 13,700 new jobs. Most of the decrease came in manufacturing and administrative and support services. Job growth is tracked by a revamped quarterly survey of over 10,000 units while unemployment is recorded in an annual survey of 7.8 lakh people.
Civilian labor force statistics include nonmilitary workers and unemployed Kentuckians who are actively seeking work. That rate - called a U-6 rate - measures "unemployed, underemployed and those who are not looking but who want a job".