Thursday, June 18, 2009

State Unemployment Rate Hits Record High

There are new and sobering numbers this morning on unemployment in Georgia. The state’s labor department says the seasonally adjustment jobless rate for May is now the highest ever recorded in Georgia—9.7 percent. That is up five-tenths of a percentage point from April’s mark. And for a 19th consecutive month, Georgia's rate is above the national rate(currently 9.4 percent). Commissiioner Michael Thurmond says the new rate reminds us "the road to economic recovery will be long and difficult." Last month, more than 463,000 Georgians were looking for work.
This new report may just well make Michael Thurmond stay at Labor Comissioner instead of seeking higher office. The state is in bad shape right economically & this is not the right time to change leadership at Labor.

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