Unemployment 8/24-8/28

General

Preliminary initial unemployment claims for the week ended August 28th were 50,498, which is down 6,270 claims, or 11%, from the previous week.

Preliminary insured unemployment claims for the week ended August 21st were 536,035. This is down 17,678 from the previous week’s revised continuing claims number of 553,713 for the week ended August 14th, a 3.5% drop.

Initial unemployment claims have been declining since the week ended July 11th.

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 1,383 less new claims and a 28% decrease in new claims since last week, a reversal from last week.

Next, the Health Care and Social Assistance industry saw 1,274 less new claims and a 22% decrease in new claims since last week.

Additionally, the Accomodation and Food Services industry saw a 12% decline in initial unemployment claims, down new 1,744 claims since last week. This industry has had a steady decline in new claims since July 11th.

Most Declining Industries this Week

The industries with the largest increases in initial unemployment claims include Transportation and Warehousing, which saw 1,059 more new claims and a 67% increase in new claims since last week.

Additionally, the Real Estate and Rental and Leasing industry saw 362 more new claims and a 122% increase in new claims since last week.

Generally speaking, the vast majority of industries are improving in terms of number of weekly initial unemployment 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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