Rome unemployment rate falls to 5.7 percent
March 31, 2017--9:00 a.m.
The Georgia Department of Labor (GDOL) announced today that Metro Rome’s unemployment rate in February was 5.7 percent, down eight-tenths of a percentage point from 6.5 percent in January. In February 2016, the rate was 6 percent.
The rate declined as more people went to work, employers created more jobs and laid off fewer workers and the labor force grew.
The number of employed residents increased by 382 to 41,753, as the labor force grew by 44 to 44,275. The labor force consists of employed residents and those who are unemployed but actively looking for jobs.
The number of jobs increased by 200, or 0.5 percent, to 41,300. The job growth came in the service industries such as trade, transportation, and warehousing, along with the goods-producing sector, which includes manufacturing and construction.
Over the year, 1,200 jobs were added, a 3 percent growth rate, up from 40,100 in February 2016. Most of the job growth came in the service industries, including education and health services. The goods-producing sector added 300 jobs.
The number of initial claims for unemployment insurance, a measure of new layoffs, declined by 869, or 73.8 percent, to 308. Most of the decrease came in manufacturing and construction, along with administrative and support services. Over the year, claims were down by 114, or 27 percent, from 422 in February 2016.
Metro Gainesville had the lowest area jobless rate at 4.1 percent, while the River Valley region had the highest at 6.8 percent.
Meanwhile, Georgia’s seasonally-adjusted unemployment rate for February was 5.3 percent, down from 5.5 percent in January. It was also 5.5 percent in February 2016.