Thursday, December 9, 2021

Georgia unemployment claims bounce up

The advance number of initial unemployment claims for Georgia jumped nearly 50 percent, before seasonal adjustment, for the week ending December 4, 2021.

The U.S. Labor Department reported that advance claims for the week totaled 3,799 compared to 2,535 initial claims in the prior week, which ended November 27. Despite the move up last week, for 2021 initial claims remained well below the number of initial claims reported in the weeks prior to November 27.

The number of insured unemployed in the state rose by 69 percent (59,240) to 85,212 for the week ending November 27. The state’s insured unemployment rate for the week ending November 20 was 0.6 percent.

For the nation, the advance number of initial unemployment claims rose by 29 percent to 280,665 for the week ending December 4, and the number of insured unemployed increased by 25 percent to 1,958,827 for the week ending November 27. The nation’s insured unemployment rate was 1.1 percent for the week ending November 20.

Comparisons with a year ago

At the state level, unemployment claims data are not seasonally adjusted, so it is useful to compare the rate of change this year with changes that occurred in 2020. 

For the comparable week ending December 5, 2020, initial unemployment claims in Georgia rose by 72 percent to 33,003, while the number of insured unemployed in the state for the week ending November 28, 2020, rose nearly 16 percent to 234,262. Last year at this time, the state’s insured unemployment rate stood at 5.30 percent. 

For definitions of the terms used as well as information on other states and the nation, see the latest U.S. Department of Labor Employment and Training Administration’s weekly report at https://www.dol.gov/sites/dolgov/files/OPA/newsreleases/ui-claims/20212130.pdf

No comments:

Post a Comment