In this Friday, Nov. 30, 2012, photo, an unidentified job seeker uses his iPad to help fill out job applications at the Fort Lauderdale Career Fair, in Dania Beach, Fla. Weekly U.S. unemployment benefit applications fell 25,000 last week to a seasonally adjusted 370,000, the government said Thursday. The third straight drop shows a temporary spike caused by Superstorm Sandy has faded. (AP Photo/J Pat Carter)
ATLANTA (AP) — Georgia's unemployment rate has dropped to its lowest rate in nearly four years.
State labor officials said Thursday morning that Georgia's seasonally adjusted jobless rate declined to 8.5 percent in November.
State Labor Commissioner Mark Butler said that is the lowest state unemployment rate in nearly four years, since it was 8.5 percent in January 2009.
Butler said the rate dropped because of continued job growth and fewer new layoffs.
Gov. Nathan Deal said in a statement that he's encouraged by continuing growth in the number of manufacturing jobs in Georgia.
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The following is taken from the AJC:
"It is expected to be one of the biggest deals in the region in the past year (GM bringing 1000 jobs to Roswell). Caterpillar said in February it was building a $200 million plant in Athens that would ultimately staff about 1,400 people. And Baxter International announced in April it was building a $1 billion pharmaceutical manufacturing facility that would create another 1,500 jobs.
The GM deal represents a different type of foray, as the state continues a shift toward what economic development officials call “knowledge-based” jobs.
In recent weeks, Porsche broke ground on its North American headquarters at a site near the airport; Panasonic opened a research center that could staff about 100 in Midtown; and AT&T said it was scouting Atlanta for a sought-after research hub that could spawn start-up companies."
Enough said about your belief that the lower unemployment rate is horse hockey. The above mentioned jobs haven't even been filled yet. What will you say about them when they are? By the way, how DO horses play hockey?