Metro Atlanta adds 25K new jobs in October; Unemployment rate dr - CBS46 News

Metro Atlanta adds 25K new jobs in October; Unemployment rate drops to 4.9%

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ATLANTA (CBS46) -

Manufacturing jobs shrank while white-collar jobs grew by over 9,000 positions in October, the Georgia Department of Labor said.

Most of the job gains came in professional services, trade and education, government and health services. There were more than 11,000 people added to the labor force in the past month. The changes shifted the area's unemployment rate down to 4.9 percent.

The number of jobs increased by 25,600, or 1 percent, to 2,693,600. Over the previous three years, Atlanta has gained an average of 10,400 jobs from September to October. Most of the job gains came in professional and business services, 9,600; trade, transportation and warehousing, 6,500; education and health services, 4,700; government, 2,200; and construction, 1,600; financial activities, 600; other services, 400; and leisure and hospitality, 100 Manufacturing lost 100 jobs.

The number of initial claims for unemployment insurance, a measure of new layoffs, rose by 107, or 0.9 percent, to 11,542 in October. Most of the increase came in retail trade and administrative and support services.  Over the year, claims were down by 2,238, or 16.2 percent, from 13,780 in October 2015.

Meanwhile, Georgia’s seasonally-adjusted unemployment rate for October was 5.2 percent, up from 5.1 percent in September. It was 5.5 percent in October 2015.

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