Metro-area jobless rate skyrockets to 10.5 percent in June

Jul 28, 2011 - 07:45
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Metro-area jobless rate skyrockets to 10.5 percent in June

The unemployment rate in metro Atlanta skyrocketed to 10.5 percent in June, from a revised 9.7 percent in May, the state labor department said Thursday.

The jobless rate is now higher than a year ago, when it was in 10.3 percent.

”The increase was caused primarily by two seasonal factors, Labor Commissioner Mark Butler said in a statement. (Metro Atlanta’s rate is not seasonally adjusted.) ”There were layoffs among non-contract public school employees, such as bus drivers and janitorial workers, and an increase in the labor force, as students began looking for permanent or part-time jobs.

Metro Atlanta had a net loss of 4,600 jobs, with additional layoffs in manufacturing, trade, administrative and support services, health care and social assistance, the labor department said.

 

Read More: http://blogs.ajc.com/business-beat/2011/07/28/metro-atlantas-jobless-rate-jumps-to-10-5-percent-in-june/

 

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Mike Gallagher Freelance writer with a passion for travelling