October Jobless rate for Cobb drops to 7.5%
by Kim Isaza
November 24, 2012 01:06 AM | 2861 views | 4 4 comments | 8 8 recommendations | email to a friend | print
MARIETTA — Cobb’s unemployment rate for October showed some improvement from the month before and was as good as or better than the national, state and metro-area rates.

In October, Cobb’s unemployment rate was 7.5 percent, down from 7.7 percent in September. Metro Atlanta reported an overall jobless rate of 8.2 percent in October, down from 8.3 percent the month before, and Georgia saw unemployment of 8.5 percent in October, slightly down from 8.6 percent in September.

The nation’s rate for October was 7.5 percent, down from 7.6 percent the month before. The state and national numbers are not seasonally adjusted.

County Chairman Tim Lee monitors the jobless rate monthly, along with other economic indicators such as housing starts.

“For Cobb, the economy is inching upward, as all the indicators we have are up,” Lee said. “But the caveat is what does or does not happen in Washington in the next 90 days” regarding the fiscal cliff.

The state labor department also tracks jobless numbers for cities with more than 25,000 residents, which includes Cobb’s Marietta, Smyrna and Kennesaw — all of which continue to have rates higher than 8 percent.

According to that data, Marietta had 31,919 residents in the workforce in October, with 2,761 of them unemployed, for a jobless rate of 8.7 percent. That rate was unchanged from September.

Smyrna had just over 30,000 people in the workforce, but 2,434 of them were unemployed in October, for a jobless rate of 8.1 percent — down slightly from 8.2 percent in September.

Kennesaw, meanwhile, had 16,836 residents in the workforce in October, with 1,433 of them unemployed, for a rate of 8.5 percent in October, down from 8.7 percent in September, according to the state labor department.

Economist Dr. Roger Tutterow said the unemployment data record people employed in any capacity, whether full- or part-time, and exclude so-called ‘discouraged’ workers who are unemployed and have given up looking for work.

“It’s fair to believe that the unemployment rate has been gradually working its way down, because we have been adding jobs to payroll, but unfortunately, we’re still adding them at a lower rate than what would be considered a healthy economy,” Tutterow said. “We want to celebrate the positive, that the numbers have come down, but they’re still well above what we’d like to see.”

David Connell, president and CEO of the Cobb Chamber of Commerce, noted the link between home building and the unemployment rate.

“We’re starting to see new subdivisions again in Cobb,” he said. “People are starting to build again, and I think that’s a big driver of improvement in the unemployment rate in Cobb.”
Comments
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It's Bush's fault.
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November 25, 2012
Bush gave all these tax and mortgage breaks a few years ago, and now when we can't handle them anymore, we're about to go over a fiscal cliff. He shouldn't have done it. Too bad he wasn't a foresighted person. Due to Bush, we have a tax cliff and a mortgage cliff coming up. No more Bushes for president. We can't afford it. They've done nothing but harm our country.
VFP42
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November 25, 2012
“We’re starting to see new subdivisions again in Cobb,” he said.

"It's looking almost as if the real estate bubble never happened. People are more than willing to repeat the mistakes of the past, even when that past is still present and not yet even accounted for."

"Developers are back to building houses in the middle of nowhere, convincing people via the local media to be scared of where they need to be, saying 'over here where I built this big is safer, never mind you'll crash your car someday for sure, the air bags will make it okay, you will be fine TRUST me and TRUST WELLSTAR, they will take care of you as long as you have insurance,' and you will live in a desirable part of town because my ads tell you it is desirable, never mind the traffic the government will bail you out of that sooner or later assuming you don't die first in a fiery crash"

WAIT Never mind, it's just Obama fudging the jobs report AGAIN
Pam J
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November 24, 2012
I have applied for so many jobs but not heard back from one of them. I have been unemployed for a long time and my credit is screwed, so that is not helping. Being discriminated against because of those things should be stopped. I think that Cobb County is doing that because I have applied for a lot of jobs with the county and have not gotten one call from them. I am still smart and able to work, so it really hurts that nobody seems to want me.
Give Thanks.
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November 24, 2012
Thank you, O'bama.
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