Floyd County unemployment initial claims down monthly, yearly in November - Rome News-Tribune: Business

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Floyd County unemployment initial claims down monthly, yearly in November

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Posted: Friday, December 20, 2013 12:43 am | Updated: 12:44 am, Fri Dec 20, 2013.

First-time claims for unemployment assistance dropped in Floyd County from October to November. At the same time, the number of payroll jobs rose by 100, from 39,200 in October to 39,300 in November, according to the latest report from the Georgia Department of Labor.

Across the 15-county Northwest Georgia region, first-time claims were up by a total of 5.1 percent — with Walker, Whitfield, Gordon and Bartow counties all experiencing increases. Catoosa, Chattooga and Polk counties each experienced decreases over the month.

The state labor office indicated that the number of first-time claims in the manufacturing sector in November dropped by 34.1 percent from October. Initial claims in the retail sector were down by 54.9 percent.

Georgia’s seasonally adjusted unemployment rate dropped to 7.7 percent in November — its lowest point since November 2008, when it was 7.6 percent.

The rate was down four-tenths of a percentage point from October’s 8.1 percent. County unemployment rates for November will be issued next week.

The state issued more than $368,000 in unemployment benefits to out-of-work Floyd County residents during November; the average benefit check came to $214.53 a week.

Emergency Unemployment Compensation benefits for the long-term unemployed are set to end Saturday, affecting 39,559 workers in Georgia.

EUC is a federally funded benefit for people who have exhausted regular state unemployment insurance. The maximum weekly benefit is $330.