(The Center Square) — Georgia’s seasonally adjusted October unemployment rate was once 3.4%, the similar as September’s revised rate.
The Peach State’s unemployment rate greater from the three.1% rate a 12 months in the past. However, it was once below the national rate of three.9%.
Georgia’s rate was once upper than neighboring Alabama (2.3%), Florida (2.8%), South Carolina (2.9%) and Tennessee (3.3%). It was once the similar as North Carolina (3.4%).
“As we entice diverse industries to establish roots within the state, it is crucial to continue cultivating a highly skilled workforce capable of meeting surging job demands while not simply moving talent around between industries,” Georgia Labor Commissioner Bruce Thompson mentioned in a statement. “By cultivating an economy that empowers people, Georgia will continue to maintain our status as a beacon of hope and opportunity for all.”
State officers mentioned Georgia’s exertions power surpassed 5.3 million, an all-time excessive, whilst its exertions power participation rate greater to 61.6%, up from 61% because the get started of the 12 months.
Meanwhile, the Senate Study Committee on Expanding Georgia’s Workforce has issued its ultimate record, which concluded private and non-private employers “are facing unprecedented challenges in recruitment and retention.” Its suggestions come with growing a state site for employers to seek out certified candidates, permitting scholars to switch credit between state technical schools and public universities extra simply and allocating investment to hide the schooling of scholars pursuing levels in high-demand fields.
Most Georgia “employers agree that there are many opportunities to expand Georgia’s workforce by advertising and enhancing existing programs and partnerships,” the committee wrote within the record. “For example, there are existing apprenticeship programs throughout the state that are woefully underutilized due to lack of adequate messaging among target audiences – students, their families, and their schools.”
On Monday, the National Federation of Independent Business mentioned Georgia small trade house owners welcomed the record.
“Our small business members say finding and keeping good workers is one of the biggest problems they face,” NFIB State Director Hunter Loggins mentioned in a statement.
“This is only the beginning of the process, and it’s impossible to predict what the final legislation may look like, but we’re encouraged that legislative leaders recognize the challenges our members face in hiring qualified workers and that they’ve already begun searching for ways to address the labor issue,” Loggins added.
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