Georgia unemployment rate jumps
While our state legislators are busy determining how much your taxes will go up, it is important to note that the unemployment rate here in our state has jumped:
Early this morning, the state Department of Labor reported that the state’s unemployment rate rose to 5.2 percent in January, up a full percentage point since November.Raising taxes is a bad idea at almost any time, but that especially rings true during a time of economic uncertainty is a bad moveIt’s been 16 years since we’ve had a two-month increase like that, according to state record-keepers.
“I continue to be concerned by weakness in Georgia’s labor market,” said state Labor Commissioner Michael Thurmond. “Clearly, the credit crisis and slumping housing sector are negatively impacting the job market.”