Georgia Policy Group Says State’s Economic Outlook Isn’t as Rosy as Federal Jobs Report Indicates

While many pundits lauded Friday’s job numbers from the U.S. Bureau of Labor Statistics, a Georgia nonprofit is raising a red flag.

On Friday, the feds announced higher than expected job numbers, showing that total non-farm payroll employment increased by 528,000 in July.

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Joblessness Continues Downward Trend

Help wanted sign

The latest federal jobs report shows a dip in new unemployment claims, but those figures still remain higher than pre-pandemic levels.

The Department of Labor reported Thursday that 348,000 Americans filed for first-time unemployment benefits last week, a decrease of 29,000 from the previous week. That number is the lowest since March 2020.

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