July Unemployment Rate Declines in Gainesville
Monday, August 28th, 2023
Georgia Labor Commissioner Bruce Thompson said Thursday that Gainesville recorded an unemployment rate of 2.5 percent in July, down two-tenths of a percent over the month. A year ago, the rate was 2.4 percent.
“Georgia’s labor market continues to stand strong as a beacon of hope and prosperity,” said Commissioner Bruce Thompson. “With low unemployment and plentiful job opportunities, local communities are thriving and showcasing remarkable resilience in the face of economic uncertainty.”
The labor force decreased in Gainesville by 293 and ended the month with 108,616. That number went up by 1,513 when compared to July of 2022.
Gainesville finished the month with 105,894 employed residents. That number decreased by 38 over-the-month and rose by 1,337 when compared to the same time a year ago.
Gainesville ended July with 102,800 jobs. That number decreased by 800 from June to July and rose by 1,900 when compared to this time last year.
In July, initial unemployment claims increased by 111 (41%) in Gainesville. When you compare July 2023 claims to July 2022, claims were down by 10 (-3%).
