Georgia Labor Commissioner, Bruce Thompson, recently announced a decrease in Georgia’s unemployment rate to 3.1 in January, marking the first reduction in over a year. This figure is notably lower than the national unemployment rate. Georgia’s economy appears to be flourishing, with an increase of 1,500 jobs over the past month and 51,200 over the past year. The most significant job gains were in the Professional, Scientific, Technical Services, Local Government, Accommodation and Food Services, Real Estate, Rental, and Leasing sectors. However, losses were observed in the Transportation and Warehousing, Health Care and Social Assistance, and Durable Goods Manufacturing sectors. The labor force increased, with the labor force participation rate recorded at 61.4 percent, albeit a slight decrease from last December. The number of employed individuals reached an all-time high, marking growth over the last 12 months. Initial unemployment claims increased in January but were lower than the previous year’s figures.

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