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20 November 2008

Georgia's Unemployment Rate Up To A 16-year High

For the first time in sixteen years, Georgia's unemployment rate is at seven percent representing a total of 340,000 Georgians who are currently unemployed and looking for work.

In what is the largest yearly decline in jobs ever recorded in the state, the GDOL says the number of payroll jobs decreased more than 61,000 from October 2007 to October 2008. Jobs taking the hardest hit continue to be in the construction, manufacturing, private employment, and retail sectors.

State Labor Commissioner Michael Thurmond said, "Georgia's economy is being slammed by a deteriorating job market."
[Source: WALB-TV (Albany), "State unemployment highest in 16 years", November 20, 2008]

With disappointing numbers like these, one has to wonder if Democrat Jim Martin and Republican Saxby Chambliss will spend any time on the campaign trail discussing what the U.S. Senate could do to create a more desirable job market for Georgia and the rest of the nation.

On that note, Jim Martin will join Georgia AFL-CIO President Richard Ray and Simmons Bedding Co. employee Noble Rogers today to discuss the factory’s closing and how Saxby Economics has impacted Georgia.

The factory, located in Mableton, is closing Friday and over a hundred Georgians will lose their jobs as a result.