August 2024

Released September 20, 2024

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United States Employment Snapshot

• In August, among the 50 states and the District of Columbia unemployment fell in 5, rose in 32, and remained unchanged in 14.

• The highest unemployment rate was 5.7 percent in District of Columbia, and the lowest was 2 percent in South Dakota. Nationally, the unemployment rate fell by 0.1 percentage point to 4.2 percent.

• In August, payroll jobs rose in 32 states and fell in 18. The largest payroll job percent increase was 0.6 percent in Texas. The largest payroll job percent decline was 0.7 percent in South Dakota.

Georgia Employment Snapshot

• In August, Georgia added 3,000 net payroll jobs and the unemployment rate rose by 0.2 percentage point to 3.6 percent. In the prior month, Georgia added 1,400 net payroll jobs.

• Over the past 12 months, Georgia added 72,200 net payroll jobs and the unemployment rate rose by 0.4 percentage points from 3.2 percent.

• Nationally, nonfarm payrolls rose by 142,000 in August, or 0.1 percent. Georgia is tied for 19th in the nation for percentage gain in nonfarm payroll employment over the past 12 months.

• In August, Georgia’s private sector added 2,100 net private payroll jobs, and over the past 12 months it added 51,700 private payroll jobs. In the prior month, Georgia remained unchanged with 0 net private payroll jobs.

• In August, employment in Georgia fell by 1,631, and over the past 12 months it rose by 65,901.

• Georgia’s labor force participation rate remained steady at 61.8 percent in August and ranks 36th in the nation. In the past 12 months, the labor force participation rate has risen by 0.1 percentage points.

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Georgia Payroll Employment

• Georgia added 3,000 net payroll jobs, or 0.1 percent, on a seasonally adjusted basis during August. In the prior month, Georgia added 1,400 jobs. Georgia nonfarm payroll employment has increased in 9 of the past 12 months.

• Nationally, nonfarm payrolls rose by 142,000 in August, or 0.1 percent. Georgia is tied for 19th in the nation for percentage gain in nonfarm payroll employment over the past 12 months.

• Georgia added 2,100 private sector jobs, or 0 percent. on a seasonally adjusted basis during August. In the prior month, Georgia remained unchanged with 0 jobs. Georgia private sector payroll employment has increased in 7 of the past 12 months.

• Nationally, private sector payroll jobs rose by 118,000 jobs in August, or 0.1 percent. Georgia is tied for 27th in the nation for percentage gain in private sector payroll employment over the past 12 months.

• The best performing sectors on a seasonally adjusted basis during August were Education and Health Services (4,600) and Information (1,500).

• The poorest performing sectors during the month were Other Services (-2,000) and Manufacturing (-2,600).

• The best performing sectors during the last 12 months were Education and Health Services (26,500) and Government (20,500).

• The poorest performing sectors during the last 12 months were Professional and Business Services (-1,300) and Information (-5,400).

Georgia Labor Force

The labor force participation rate is the percentage of the civilian noninstitutionalized population age 16 and older who are employed or actively looking for work.

• The labor force participation rate in Georgia remained unchanged at 61.8 percent in August.

• Georgia ranks 36th in the nation.

• The 10-year high for the labor force participation rate in Georgia was 64 percent occurring in August 2017, and the 10-year low was 59.5 percent in September 2020.

• The national labor force participation rate remained steady at 62.7 percent in August.