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Georgia unemployment rate above national rate for 40th consecutive month Atlanta, GA

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Georgia unemployment rate above national rate for 40th consecutive month

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Once again, the unemployment rate in Georgia has beaten its own record, reaching an all-time high of 10.4 percent in January. With this report, Georgia has officially been above the national unemployment rate for 40 consecutive months. Further, as the national rate has dropped from 9.7 percent to 9.0 percent over the last year, Georgia’s rate has remained stagnant at 10.4 percent, leading experts to believe that the state’s economic recovery has idled.

Further, the number of Georgia residents considered long-term unemployed, meaning workers who have been out of a job for at least 27 weeks, has increased to record highs. Currently, more than 54 percent of the state’s unemployed, or 272,600 people, are considered long-term unemployed. Because of this, it is likely that more Georgians will be forced to consider bankruptcy or similar forms of debt resolution in the face of lingering financial stress and instability.

January’s unemployment rate of 10.4 percent is nothing new, state economists say. In January of last year, the rate was exactly the same. Despite a brief dip to 10 percent last summer, there has been no real progress in repairing the state’s job market.

There were approximately 3.7 million payroll jobs in the state in January, which is a decrease of 1.8 percent from December, likely due to the loss of seasonal retail and hospitality jobs. Metro Atlanta also saw a decrease of 12,300 jobs from December to January.

Despite the fact that the number of long-term unemployed have increased by a staggering 47 percent since January of 2010, there is one piece of good news: the number of Georgia residents who filed first-time unemployment claims in January has dropped by almost 6 percent over the last year.

Source: Atlanta Journal-Constitution, “Georgia’s jobless rate again hits all-time high of 10.4 percent”, Henry Unger, 3 March 2011

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Jack L.

They did an excellent job with my case. Jamie took the time to really listen and understand things. She delved into the details and was extremely knowledgeable and non judgmental. Very professional and they know what they are doing. Would definitely recommend!

All C.

Mr. Gingold was recommended by an attorney I had worked with previously. I met with Ira Gingold to discuss credit issues. He went over each specific issue thoroughly. He advised me of the potential outcomes. He did all this in one meeting for a very reasonable price. When we finished I was confident in moving forward with a resolution. He definitely wants to help people take the appropriate course of action for their circumstance.

Karen B.

Dear Mr Gingold, There are so many reasons to be thankful for all you have done and will do. Anyone who has ever had unfavorable experiences with an attorney or the legal system will feel the trepidation that I experienced once I realized that my situation seemed hopeless. It was by chance and happily good luck that I decided to put my future and sanity into your hands. I was mortified at having to deal with my debts by claiming bankruptcy. I remember in our first meeting how you assured me that I was not alone and should not feel ashamed. And, anyone in this position obviously does not have money to spare and you were clear about all the costs and allowing me to pay according to my own ability to do so. You advised me in all aspects of the law, but also, you were at each meeting incredibly supportive and complementary of my personal and professional plans. Anyone else in this situation should feel blessed to have access to your expertise and support.

Lyla B.

I thought the process of filing bankruptcy was going to be a difficult one. However, Gingold & Gingold treated me with respect and dignity from the moment I walked through their door. I had the pleasure of working with Jamie. She is very responsive, professional, and knowledgeable. She took the time and listened to my every concern and handled each and every one of them to my satisfaction. My experience with filing bankruptcy under Gingold & Gingold's representation exceeded my expectations in a major way. They gave me such a peace of mind. I am very pleased with my decision of going with Gingold & Gingold to represent me when I filed Chapter 13 bankruptcy.

Julie T.

Wow! I am finally out of debt and can say that I am debt free after completing my chapter 7 bankruptcy case with Gingold and Gingold. Mr dangled was very knowledgeable and direct with regard to my debt situation. there were no surprises and the case went as I was advised. The staff was also very helpful whenever I had a question. I will definitely recommend them in the future to my friends.

Sherard W.

I cannot say enough about this law firm. From the initial consultation to our discharge, the entire office kept me updated with every step of the entire process. I came to the Gingold after a bad experience with another law firm. Ira and Jamie immediately began treating me like family through this experience. In the end, they assisted with eliminating many debts including my 2nd mortgage. I cannot say enough about the experience and knowledge that Ira brought to the table from the office visits to the court time. Thank you very much for helping me through this tough time. Thank you.

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