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Unemployment Rate Drops in March Atlanta, GA

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Unemployment Rate Drops in March

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Last month, the United States economy added 216,000 new jobs. This gain followed the 194,000 new positions added in February. The two subsequent months of fairly significant improvement have caused the nationwide unemployment rate to drop to 8.8 percent, which is a full percentage point down from November 20101 and the lowest it has been in two years.

While the new report has created significant optimism about the economy, it does not offer much relief to the many Georgia residents who are still struggling with debt, bankruptcy, and foreclosure. Economists say that only a small percentage of the 8 million jobs lost during the recession have been recovered, and that employers need to add between 250,000 and 300,000 jobs per month in order to really chip away at the unemployment that persists throughout the country.

The private sector was responsible for all new jobs added last month, with 230,000 new positions. The largest gains were in the private services sector, which added almost 200,000 jobs. Government jobs dropped by 14,000 in March, and the construction industry saw the slowest gains as construction spending fell in February to its lowest level since late 1999.

Despite the gains, there is some persistent bad news. There remain 13.5 million people unemployed in Georgia and throughout the country, and as of last month, over 45 percent of them had been out of work for at least 27 weeks. In addition, although the number of jobs increased, earnings stayed the same last month and have yet to see a significant increase this year.

Source: Reuters, “Employment jumps in March, jobless rate falls“, Lucia Mutikani, 1 April 2011

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5.0 / 5.0

Based on 28 reviews

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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