Georgia Has Second Worst Unemployment Rate
At 7.8 percent in July, Georgia has the second worst unemployment rate in the nation, according to a report released Monday by the Bureau of Labor Statistics. Only Mississippi, with a jobless rate of 8 percent, came in below the Peach State.
Each month the BLS lists unemployment rates for every state. During the peak of the recession, Georgia — hit hard by the collapse of the housing and construction industries — had much company at the bottom of the jobless rankings.
But the recession ended five years ago and many of Georgia’s former low-ranking peers have since seen their economies rebound. Alabama, for example, carries an unemployment rate of 7 percent and comes in at No. 40 on the Bureau of Labor Statistics scale. All 50 states and the District of Columbia are included in the BLS list.
Florida’s unemployment rate reached 11.4 in early 2010, a full point higher than Georgia’s jobless low point. Today, Florida’s jobless rate stands at 6.2 percent.