Unemployment 7/20-7/24

General

Preliminary initial unemployment claims for the week ended July 24th were 84,581, which is down 37,732 claims, or 31%, from the previous week.

Preliminary insured unemployment claims for the week ended July 11th were 641,458. This is down 61,695 from the previous week’s revised continuing claims number of 703,153 for the week ended July 4th, a 9% drop.

Initial unemployment claims have been declining since the week ended July 11th. Additionally, continuing claims have seen a steady decline since the week ended May 23rd.

Most Improved Industries this Week

The industries in Georgia with the largest declines in initial unemployment claims since last week, include Retail Trade, which saw 4,402 less new claims and a 40% decrease in new claims since last week. Next, the Accommodation and Food Services industry saw 2,167 less new claims and a 10.5% decrease in new claims since last week. This has been declining since the week ending July 11th.

Additionally, the Educational Services industry saw a 40% decline in initial unemployment claims, down 817 claims since last week.

Most Declining Industries this Week

The industries with the largest increases in initial unemployment claims, which could be said to be declining industries, include Health Care and Social Assistance, which saw 3,208 more new claims and a 30% increase in new claims since last week. The Manufacturing Industry saw 678 more new claims and an 8% increase in new claims since last week.

It should be noted that these were the only two declining industries this week in terms of new initial unemployment claims – all remaining industries saw decreases in new claims.

Photo of an undetermined Georgia Tech home game during the 1918 college football season. That's when the sport was hit by the Spanish flu and the end of World War I.

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