Gainesville’s March Unemployment Rate Sees Minor Uptick Amid Solid Job Sector Growth
Friday, April 26th, 2024
Georgia Labor Commissioner Bruce Thompson said Thursday that Gainesville recorded an unemployment rate of 2.5 percent in March, up two-tenths of a percent over the previous month. A year ago, the rate was 2.5 percent.
“Georgia’s job market is red hot with opportunity,” said Commissioner Bruce Thompson. “This continuous growth is a strong indicator that our economic momentum is not slowing down any time soon. Once again, Georgia continues to shatter records in growing businesses statewide and creating jobs for hardworking Georgians.”
The labor force increased in Gainesville by 514 and ended the month with 114,608, an all-time high. That number went up by 4,652 when compared to March of 2023.
Gainesville finished the month with 111,776 employed residents, an all-time high. That number increased by 341 over-the-month and rose by 4,562 when compared to the same time a year ago.
Gainesville ended March with 109,700 jobs. That number increased by 500 from February to March and rose by 5,200 when compared to this time last year.
In March, initial unemployment claims decreased by 120 (-34%) in Gainesville. When you compare March 2024 claims to March 2023, claims were down by 26 (-10%).
