Nearly 600,000 suffering in Georgia job market

Nearly 600,000 Georgians are unemployed, underemployed or too discouraged to look for work, the state labor department said Monday.

In a new analysis of data released at the Georgia Jobs Summit today, the labor department said 463,000 Georgians are unemployed.

Another 97,800 are underemployed, meaning they want to work full-time, but can only find-part-time jobs. Georgia Labor Commissioner Michael Thurmond said this number was “much higher” than he anticipated it would be. In 2008, there were 70,900 underemployed workers and there were 51,200 in 2007.

Finally, there are another 26,700 discouraged residents who have searched for work during the past year, but have given up because of the slim prospects. In 2008, there were 14,000 discouraged workers.

All told, 587,500 Georgians are in one of the three categories in 2009.

“This is a Darwinian economy and a Darwinian job market,” Thurmond told about 160 attendees of the jobs summit at the Georgia Tech Hotel and Conference Center.

The immediate forecast is for much of the same, Georgia State University economist Rajeev Dhawan said.

He predicts that job growth in Georgia will begin in the later part of this year, but it will be “anemic.”

By 2011, however, he predicts the state will add 67,100 jobs. That compares with a loss of 214,700 jobs in 2009.

Later today, the summit is scheduled to discuss innovative ideas that could create more jobs in the state.

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18 comments Add your comment

Bruce Johnson

January 18th, 2010
11:25 am

Where is this summit being held?

highschool dropout

January 18th, 2010
12:30 pm

Lot of numbers but nothing to compare them to. Whats the point if we don’t know what a normal year is like?

Never forget...

January 18th, 2010
12:31 pm

that Republicans controlled both chambers of Congress and the White House from 2000-2006, and the Great Recession began in 2006. Their blind adherence to the bankrupt ideology that deregulation will somehow foster prosperity for all has proven to be disastrous for this nation. All they care about is tax breaks for the wealthy, bailouts for the banks, and outlawing abortion.

buckshotannie

January 18th, 2010
12:37 pm

We will never fix the unemployment problem in this country until we make it harder for companies to outsource jobs. We have way too many jobs going overseas. We can do all the retraining, give companies tax breaks, etc. but until we stop the bleeding out of jobs being outsourced to other countries we will never make serious headway.

My husband has a degree, a solid work history, and has been looking for work since July of 2008. He’s 53, and even applying for $10 an hour jobs. Nothing!

RGB

January 18th, 2010
1:55 pm

“It’s Republicans’ fault”. That’s all idiotlibs can scream.

They wouldn’t know a supply or demand curve if it his them in the rear. They don’t know the difference between static and dynamic analysis. They think the Laffer curve is something from Conan O’Brien’s show. And yet they point fingers at Repbublicans because libs have no answers. None.

They should know that we are aware that Democrats made it easy for people to get loans (”liars’ loans) even though they could not afford it because “everyone deserves to own a home [SUV, car, vacation home, etc.] in America.” Democrats drove the development of credit-default swaps and CDOs and funny financial instruments that brought their house of cards down. Presently–and behind closed doors–Democrats are rewarding their goonion friends by exempting them from taxes on “Cadillac health care plans.” I thought Democrats were for equal treatment for everybody. Oh, that notion is so passe with them these days.

Democrats controlled Congress for the past 4+ years. Obama will double U.S. debt in two years and quadruple it in ten. I’m talking about ALL U.S. debt from George Washington to George W. Bush.

The real unemployment rate is 18%. The Wall Street Journal reports today that industrial capacity fell 1% in the past 12 months–the largest drop since records have been kept (1967). The implication is that rampant inflation could be right around the corner because of disequilibrium between supply and demand.

Democrats have done everything in their power to destroy the economy and make people dependent on government.

So no, I haven’t forgotten that Obama rewards Fannie Mae and Freddie Mac executives with lavish bonuses even though most of these folks should be in jail for defrauding tax payers.

I haven’t forgotten–and even the people of Massachusetts haven’t forgotten either.

Stay tuned my free market-hating, government-loving, statist friend. Stay tuned.

Many of us have not forgotten.

RGB

January 18th, 2010
1:57 pm

“Republicans.”

Bawney Fwank

January 18th, 2010
2:04 pm

Don’t worry the Obamamite’s new taxes on businesses, forced unionization (by deleting the secret ballot and replacing with “check-off”)and forced use of union labor on all government funded projects), cap and trade, healthcare reform, etc. is going to make all the world corporations want to move jobs back to the conus USA plus >7 million permanent fill-time caulking jobs. =))

Jed

January 18th, 2010
2:21 pm

Agree with RGB

throwallthebumsout

January 18th, 2010
2:37 pm

Until all you republicrats and demacans finally figure out that nothing that these politicians do is in the best interest of the middle class, this country will continue down the path of self destruction.

Don Nelson

January 18th, 2010
3:03 pm

Truthfully, technology has replaced many jobs in the past 25 years, yet no one talks about it. This will continue into the future, so instead of creating new jobs, we will continue to lose jobs to technology, until somehow we address this. For example, demand more check out lines with cashiers at local grocery vs self check out, demand a live person answer the phones at businesses using voicemail, send snail mail vs electronic mail. If we force changes, they might come, all I know is that my behavior has been changed for forces under the guise of efficiency, which really means, taking jobs from people. It may be too late, until leaders in business and government address it.
Good luck!! It is probably too late.

ugaaccountant

January 18th, 2010
3:14 pm

I agree Don Nelson, it is true that technology in nearly every sector of the economy is eroding the # of jobs, be it minimum wage checkout folk or factory workers or knowledge workers. I can’t have much effect but I will sit in a line staffed by a person no matter how long it is. I refuse to use a self-checkout and further erode the job market.

Name (required)

January 18th, 2010
3:14 pm

“Too discouraged to look for work”

Why would they look for work? They can keep stealing blue jeans from boutique stores and sell them on Craigslist or their cellmates.

ugaaccountant

January 18th, 2010
3:59 pm

Also, this is a terribly misleading headline. The headline implies that only the people the department of labor knows about count as “suffering”. What about the untold number of people who have taken severe paycuts, taken jobs unrelated to their degree/experience, are in college indefinitely because they can’t find work otherwise, or simply have never walked in a DOL door to file for unemployment? I don’t believe it’s remotely possible these statistics accurately capture all the people “suffering” in the market.

Joseph Allison

January 18th, 2010
4:26 pm

Anybody have any hard facts about his Job Fair? All I’m finding is XXX numbers…

Fed Up

January 18th, 2010
5:15 pm

RGB, it’s funny that you mentioned all of the things that have happened to the economy and blame the Democrats and Obama. Up until last year, Bush was in office for the past eight years and the economy went progressively downhill from the time he was elected into office until he left. Obama is just having the burden of cleaning up his mess. At least he is trying to help the average American. What did Bush do? Nothing but hand out bailouts to the groups whose greed caused the American economy to fail in the first place.

A.S.Mathew

January 18th, 2010
6:15 pm

Go to any department store: whether they are high end or discount, 95% of the goods are
produced overseas and 90% out of that is from China. For cheap labour, all the blue collar
jobs went overseas, and how to change the situation is the hardest question. How many
high tech jobs are created in the U.S. every year, and how many people can work in high tech
jobs? If the American customers will make a united effort to discourage foreign goods, it may
not turn as a trade war, and we can change the situation in course of time. American lost the
jobs, and money was gone to the foreign countries; now we don’t neither job nor money.

BK

January 19th, 2010
8:59 am

Consider this- Downfall of USA economy is due to a aging country.

FACT 1 – It is proven that people ramp up their spending to age 48. From their it ramps down as in general people save for retirement or pay college tuitions.

FACT 2 – It also is proven that 70% of USA economy is based on people spending their money.

FACT3 – The first baby boomer retired in 2008. The youngest of baby boomers are age 48.

CONCLUSSION – Unfortunately, the economy will be depressed for at least 10 – 15 years. Only when the Echo Boomers get into their spending years (early 2020’s) will the USA economy boom due to increased demand of goods & services.

DG

January 22nd, 2010
11:35 am

Red state gets a red economy. Bad karma of Chambliss didn’t help.