Gainesville Sees Marginal Increase in October Unemployment
Tuesday, December 5th, 2023
Georgia Labor Commissioner Bruce Thompson said Thursday that Gainesville recorded an unemployment rate of 2.7 percent in October, up one-tenth of a percent over-the- month. A year ago, the rate was 2.5 percent.
“Georgia's unemployment rate remains below the national average, but businesses face growing pressure, including finding and retaining top-tier talent,” said Commissioner Bruce Thompson. “As we attract diverse companies across the state, we must remain focused on developing the skills needed to meet critical workforce demands without reallocating talent between industries. By prioritizing our labor force, we can further strengthen Georgia as a place where both businesses and individuals can thrive together.”
The labor force increased in Gainesville by 489 and ended the month with 110,579, an all-time high. That number went up by 2,798 when compared to October of 2022.
Gainesville finished the month with 107,616 employed residents, an all-time high. That number increased by 377 over-the-month and rose by 2,568 when compared to the same time a year ago.
Gainesville ended October with 105,900 jobs, an all-time high. That number increased by 1,700 from September to October and rose by 3,400 when compared to this time last year.
In October, initial unemployment claims increased by 38 (15%) in Gainesville. When you compare October 2023 claims to October 2022, claims were up by 88 (43%).
