Georgia’s jobless rate starts to catch up with its job growth

Remember when some of us said Georgia’s rising unemployment rate didn’t align with other economic data and wasn’t something to be overly worried about?

Nov 14 UE rate capture

Ta-da.

That’s almost a full percentage-point drop in just three months, from what looks more and more like a statistical anomaly. (No, that’s not at all the same thing as saying the numbers were manipulated somehow.)

The underlying data continue to look good. The number of Georgians out of work is at its lowest point since April, down 4 percent from November 2013. Even better, the number of long-term unemployed is down 17 percent during those 12 months.

Net non-farm payrolls are up by almost 99,000 over the past year. That’s almost all in the private sector, although government jobs are up slightly as well. Construction and manufacturing jobs, two particularly important sectors in Georgia, both grew by more than 2 percent over the past year.

Jason Carter’s campaign tried to make this year’s election a referendum on the economy under Gov. Nathan Deal — albeit belatedly, and without offering much of an alternative policy agenda. The fact that Deal was re-elected with almost the same share of the vote (52.8 percent) as four years earlier (53 percent) was your first sign the economy wasn’t as bad as the curiously rising jobless figures made it out to be. The rapid fall in the jobless rate of late, back toward the previous, healthy trend, is another.

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102 comments
Don't Tread
Don't Tread

Jason Carter tried to pass himself off as a moderate when he's another rabid left-wing liberal just like his granddaddy.  It didn't work for him.


He'd fit right in anywhere in the Northeast, the Rust Belt, or the Left Coast.  Load up the moving truck!

GMFA
GMFA

Tied for third worst!

Hedley_Lammar
Hedley_Lammar

Kyle


They come out with those rankings yet ?


Where did we finish ? My money is on 45th or higher.

AndyManUSA#45
AndyManUSA#45

@HeadleyLamar Let's be sure to look at the statewide numbers too, just so we know if the democrat controlled areas are pulling their share of the load. Or not.

Hedley_Lammar
Hedley_Lammar

OT But id like to tip my hat to Sony Pictures and Carmike Cinemas ( Based in Columbus ) and others


By pulling the movie you have done exactly what the N Koreans wanted. You can hear the champagne corks popping from Pyongyang.


Neville Chamberlain couldn't have handled this any better. 

Hedley_Lammar
Hedley_Lammar

@IReportYouWhine @HeadleyLamar He isnt in jail because of any video.


[He] was under a type of federal probation known as supervised release after a 2010 conviction on bank and credit card fraud, in which he was accused of causing $800,000 in losses. Prosecutors also said Wednesday that they had agreed not to file new criminal charges based on [his] false statements to his probation officer.

AndyManUSA#45
AndyManUSA#45

@HeadleyLamar @IReportYouWhine


Megyn Kelly discussed the situation with Fox News digital politics editor Chris Stirewalt, noting that usually someone who violates their probation "gets a court summons, a slap on the wrist and off you go."

Stirewalt pointed out that when the slain victims of Benghazi arrived back in the U.S., President Obama and Hillary Clinton were telling the families that the video was to blame and vowing to punish the man who made it.

RafeHollister
RafeHollister

If you want more dependency vote D, more self Reliance, vote R.

RafeHollister
RafeHollister

Here is a more accurate quote, Rafe's nostrum.  If you want more debt vote D, if you want more fiscal Responsibility, vote R. 

Hedley_Lammar
Hedley_Lammar

@RafeHollister Hey Rafe


Still think those Q1 numbers were because of Obamacare ?


Or are you ready to admit it WAS the weather ?


BTW 2 to 3 million more people enrolled in Obamacare this time around.


Dowsing is as dowsing does.

Michael B
Michael B

Sorry, the fastest rate of increase in the national debt in the last 50 years occurred under Reagan. In fact every president after WW2 had the target to reduce the WW2 debt,until Reagan broke that pact.

RafeHollister
RafeHollister

@Michael B Rate?  So it goes from 2 T to 3 T that is a huge rate, but from 10 T to 18.5T, not so large a rate.  As they say there are lies, dang lies, and then statistics.  Obama has run up 8.5T dollars of debt in 6 years, the previous 43 Presidents, including Reagan, ran up 10 Trillion in 225+ years.

Michael B
Michael B

Saw an irrefutable quote on another site. Simple rule of politics - When you want to go forward, put it in D. When you want to go backward, put it in R. Simple rule - works every time.

Hedley_Lammar
Hedley_Lammar

@RafeHollister I'm sorry you dont get it.


But that is exactly what they are doing ( driving down prices )


They have publicly said as much.


The kingdom has two targets in its latest oil war: it is trying to squeeze U.S. shale oil—which requires higher prices to remain competitive with conventional production—out of the market. More broadly, the Saudis are also punishing two rivals, Russia and Iran, for their support of Bashar al-Assad’s regime in the Syrian civil war. Since the Syrian uprising began in 2011, regional and world powers have played out a series of proxy battles there.


http://blogs.reuters.com/great-debate/2014/12/15/saudi-arabia-is-playing-chicken-with-its-oil/


The Saudis have incredible cash reserves in foreign exchanges that can keep them going for a long long time.


The only ones wanting to cut production in OPEC are Venezuela. The low prices are hurting them too. 


But the Saudis are just fine.





AndyManUSA#45
AndyManUSA#45

barak H Pipeline, giver of oil sands and coal.


Whodathunkit?

EdUktr
EdUktr

Remember when some of us pointed out that pre-election jobless figures for Georgia appeared to have little to do with reality?

And Jay Bookman and Jim Galloway wouldn't stop talking about them?

Hedley_Lammar
Hedley_Lammar

@EdUktr They had everything to do with reality


We are still about last in the nation.

MarkVV
MarkVV

When the subject of Kyle’s writing is unemployment, the response of the conservatives is nothing short of hilarious, especially if one remembers the past comments. There is such an amusing contradiction between the response to numbers regarding statistics for the country as a whole and for those for Georgia. When unemployment in the US was high, the conservatives were taking the numbers as gospel and paraded them as evidence of Obama’s wrong economic policy; when unemployment is dropping, the numbers are met with derision and not to be believed.


When it is about Georgia, on the other hand, some really laughable apologies are offered for high unemployment numbers (“but jobs are being created!”), and any drop is now gospel and hailed as evidence of success of the Georgia Republican administration.


Where, according to the conservatives, is the labor force for which the US unemployment numbers are issued? Somewhere outside the 50 states?

CommonSenseisntCommon
CommonSenseisntCommon

@MarkVV 

They cons offshored the reporting metrics to India (but because they have become too expensive they are looking forward to Cuba) LOL

AndyManUSA#45
AndyManUSA#45

I mean look at how good the liberal ideas are doing, green energy now only requires 97% of it's cost to be subsidized by the federal government.


Such brilliance.

AndyManUSA#45
AndyManUSA#45

Pardon me, "subsidized by oil money."


My bad.

Hedley_Lammar
Hedley_Lammar

@IReportYouWhine In cumulative dollar amounts, over the lifetimes of their respective subsidies, the oil, coal, gas and nuclear industries have received approximately $630 billion in U.S. government subsidies, while wind, solar, biofuels and other renewable sectors have received a total of roughly $50 billion in government investments. 


http://www.energyfactcheck.org/slideshow/even-with-massive-subsidies-renewable-energy-technology-cannot-survive-renewables-have-been-getting-subsidies-for-years-now-they-should-be-able-to-stand-on-their-own/


Try again.

AndyManUSA#45
AndyManUSA#45

@RafeHollister Any and every bit of real tangible success in the United States economy is directly attributable to the energy production revival. Every bit of it. From the jobs it created all the way to energy independence. And now get ready for some deflation, as manufacturers, farmers, over the road truckers, railroads, everybody takes their energy mark up off of their prices. It's like a reverse pyramid too, because as raw materials decrease in price, everyone else's prices drop. Rinse and repeat.


And think about how hard obama has fought it. The whole way.


Thank you President Bush, for the biggest tax cut we could ever got. Heck of a job, Bushie.

Hedley_Lammar
Hedley_Lammar

@IReportYouWhine @RafeHollister And think about how hard obama has fought it. The whole way.


Obama is what made this possible.


It sure wasn't the Bush Tax cuts or the Bush Recession.


Thank you President Obama. You inherited the worst economy in the last 100 years and two unfunded wars started by Dubya


Somehow you delivered us from that and have the economy back on stable footing. 



Hedley_Lammar
Hedley_Lammar

Mississippi rate fell to 7.5 percent compared to Georgia at 7.2


Were 49th !!!!! Were 49th !!!!!


We finally moved ahead of Mississippi !!!!!


Ticker tape parades down Peachtree !!!!!



RafeHollister
RafeHollister

As the conservatives have been advising since 2009, if we could get energy prices down, the economy would rebound.  Viola, what happened.  Remember when Michelle Bachman was advocating more drilling to get the gas prices down to $2 a gallon, the Obama media fell off their bar stools in laughter.  Well, who was right, the guy who said we can't drill our way to prosperity because we only have 2% of the worlds oil reserves,  or Bachman.


Everyday that passes exposes more of the liberal ideology that is flawed.  Obama, it turns out, has been good in a limited way, proving the fallacy of some of these liberal nostrums. 

RafeHollister
RafeHollister

@HeadleyLamar @RafeHollister What?  They are fighting the falling prices and have in fact blamed US "fracking" as the cause of their demise.  They are fighting among themselves over whether to reduce their output to lessen the glut, but none of them can do without the income from the oil.


You can come up with some better propaganda than this, Headley, check with the DNC.

Hedley_Lammar
Hedley_Lammar

@RafeHollister @HeadleyLamar They are fighting the falling prices


No they aren't.


They want them to fall to make US oil unprofitable. They have heavy cash reserves to ride that out and keep the same market share they had before.


http://www.theweek.co.uk/business/oil-price/60838/oil-price-opec-will-let-oil-price-fall-below-40


As the price of Brent crude fell below $60 for the first time since 2009, the most powerful nations in Opec have made clear that they are willing to push prices as low as $40 a barrel in their bid to take on Russia and US shale, a high-profile Gulf oil minister said this week.