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Gainesvilles unemployment rate drops to 5.3 percent
Several sectors show growth as job market continues to improve
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With the addition of new jobs and fewer layoffs, more people in Gainesville are working as 2014 comes to a close.

According to the Georgia Department of Labor, metro Gainesville’s unemployment rate for November was 5.3 percent, down from 5.7 percent in October and 5.9 percent the same period last year.

According to a release from the department, the area added 400 new jobs in November, a 0.5 percent increase from October. The majority of new jobs were created in trade, transportation and warehousing job sectors.

Throughout the last year, greater Gainesville saw 2,500 new jobs and a 35.8 percent decrease in unemployment insurance filed since November 2013.

Gainesville’s unemployment rate is considerably lower than the state’s 7.2 percent rate for November. Georgia’s rate did drop from October, however, which was a revised 7.6 percent.

“The decrease was the largest over-the-month drop on record and large enough to move Georgia’s jobless rate out of last place among all states,” according to a release from the Labor Department.

The national unemployment rate for November was 5.8 percent, according to the Bureau of Labor Statistics, the lowest national rate since July 2008.

Georgia has long been one of the states with the highest unemployment rate. As of November, the state is ranked 48th for unemployment and tied with California. Mississippi is ranked 49th with 7.3 percent and D.C. is ranked last with 7.4 percent.

However, Georgia added 23,400 new jobs in November, pushing the job total to just over 4.19 million, the largest number since December 2007. Currently, the state ranks fifth in the nation for job creation.

For more Georgia labor market data, go here.

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