Unemployment 8/3-8/7

General

Preliminary initial unemployment claims for the week ended August 7th were 62,279, which is down 11,652 claims, or 16%, from the previous week.

Preliminary insured unemployment claims for the week ended August 1st were 578,158. This is down 55,830 from the previous week’s revised continuing claims number of 633,988 for the week ended July 25th, a 9% 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 3,440 less new claims and a 40% decrease in new claims since last week, a reversal from last week.

Next, the Manufacturing industry saw 2,430 less new claims and a 35% decrease in new claims since last week. This has been declining since the week ending July 11th.

Additionally, the Transportation and Warehousing industry saw a 51% decline in initial unemployment claims, down 2,045 claims since last week.

Most Declining Industries this Week

The industries with the largest increases in initial unemployment claims include Health Care and Social Assistance, which saw 828 more new claims and a 10% increase in new claims since last week. Additionally, the Finance and Insurance Industry saw 283 more new claims and an 80% increase in new claims since last week.

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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