Georgia’s unemployment rate fell to 9.9 percent in November from 10.2 percent in October — the largest one-month decline in 34 years, the state labor department said Thursday.
The increase of 22,400 jobs from October was broader than just holiday hiring, the labor department said.
“We had the best November since 2007 for retail hiring, while seeing gains in the financial and business sectors,” Labor Commissioner Mark Butler said in a statement. “These two sectors have been hit very hard by the recession. This is encouraging news.”
The number of jobs rose 0.6 percent to 3,838,700 in November. In addition to retail, financial and business services, there were more jobs in education and health care.
Despite those gains, Georgia had 19,900 fewer jobs than in November of last year, when the unemployment rate was 10.4 percent, the labor department said. Economists often say the combination of fewer jobs and a lower unemployment rate — November 2011 vs. November 2010 — can