The unemployment situation in Georgia is improving, with last week’s claims 24.80% lower than in the previous week and 28.33% lower than last year, according to WalletHub’s updated rankings for the States Where Unemployment Claims Are Increasing the Most.
Unemployment Situation in Georgia (1=Worst; 25=Avg.):
- Overall Rank for Georgia: 49th
- 48th – Unemployment Claims Increase vs. Previous Week
- 49th – Unemployment Claims Increase vs. Same Week Last Year
- 39th – Cumulative Unemployment Claims in 2024 vs. Same Period Last Year
- 41st – Unemployment Claims per 100,000 People in Labor Force
To view the full report and your state’s rank, please visit:
https://wallethub.com/edu/
WalletHub Q&A
Are job seekers spending more time unemployed now than they did before the pandemic?
“While the job search may seem endless for some, on average, job seekers without a college degree are spending less time unemployed now than before as companies continue to rebuild their frontline workforce after the pandemic. However, individuals with bachelor’s degrees spend more time unemployed when entering the workforce but less time after losing a job, as they may be more selective in their employment initially, only to become less selective and more in-demand later due to their job experience,” noted Cassandra Happe, WalletHub Analyst. “As companies strive to balance labor costs with quality talent, job seekers holding a postgraduate degree face challenges in aligning their expectations with available opportunities. Although postgraduate degree holders entering or re-entering the workforce spend less time unemployed now, they spend nearly four more weeks unemployed after losing their jobs compared to pre-pandemic trends. In this tight job market, these job seekers may face difficulty finding a new position that aligns with their job responsibilities and compensation expectations, especially within their specialized fields…
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