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Unemployment rate drops in October Atlanta, GA

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Unemployment rate drops in October

bisinessman analyzing data

The unemployment rate dropped from 9.1 percent to 9 percent last month, marking the first decrease since July and the lowest rate of unemployment since April. There were several other pieces of good news in the October report, which is serving to alleviate economists’ fears that the U.S. may be headed toward a second recession.

The U.S. Department of Labor reports that the economy added about 80,000 jobs in October. In addition, the department revised its jobs reports from August and September, stating that the economy added 102,000 more jobs during those months than had previously been reported. One of the most promising aspects of the most recent report is that the number of long-term unemployed fell to 5.9 million. This means that fewer people are being forced to consider bankruptcy or similar measures after being out of work for six months or more.

Despite the progress, there is still a long way to go. The economy needs to add 125,000 jobs each month just to keep up with population growth, and even more to lower the unemployment rate.

One of the most closely-monitored industries is construction, which cut about 20,000 jobs in October. Economists believe that the continuing decline in construction jobs means that the housing market is still a long way from recovery.

However, several other industries added jobs last month. Health care jobs increased by 12,000, and hospitality and entertainment businesses added more than 20,000 jobs. The professional and business services sector, which includes engineering and accounting, added more than 30,000 jobs.

Source: Atlanta Journal-Constitution, “US added 80,000 jobs in October; jobless rate dips,” Christopher S. Rugaber, Nov. 4, 2011

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Gingold & Gingold LLC
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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