RN-T.com – Floyd s unemployment rate hits 10 2 percent in July

25
Aug

RN-T.com – Floyd s unemployment rate hits 10 2 percent in July

Floyd County’s unemployment rate increased to 10.2 percent in July, up four-tenths of a percentage point from 9.8 percent in June. The rate was 10.4 percent in July a year ago.

The rate rose because of an increase in new layoffs, growth in the labor force and a decrease in the number of jobs, according to Georgia Department of Labor officials.

The number of layoffs, represented by initial claims for unemployment insurance benefits, increased by 426, or 87.8 percent, to 911 from 485 in June. Most were temporary layoffs in manufacturing, while others came in administrative and support services. In July 2012, there were 1,024 claims.

via RN-T.com – Floyd s unemployment rate hits 10 2 percent in July.

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