Georgia Labor Commissioner Michael Thurmond will be seeking a federal loan to boost the state’s depleted unemployment insurance fund and also will call a special jobs summit for next month.
Thurmond, in an exclusive interview with the AJC today, said the jobs summit will bring together the “best minds from the public and private sectors to develop an economic growth and job creation strategy.”
Thurmond will hold a news conference Thursday at 10 a.m. at the state Capitol to discuss details of the summit and his request for the federal loan.
After disbursing $1.6 billion so far this year in unemployment insurance, the state fund only has about $25 million left.
Thurmond also will release November’s unemployment figures Thursday. Economists expect it to stay above 10 percent.
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