Influx of students nudges jobless rate up
7/3/2014, 4:02 p.m.
Metro Atlanta’s unemployment rate climbed to 7.3 percent in May as new graduates and students on summer break flooded the job market.
It was 6.5 percent in April and 8 percent a year ago.
In DeKalb County, the number of initial claims for unemployment insurance benefits was 2,432, up 120 or 5.2 percent from 2,312 in April. In May 2013, it was 3,634.
The metro Atlanta jobless rate increase was seasonal as new graduates entered the labor force looking for full-time work, while other students searched for part-time summer jobs. The labor force rose by 24,421, up to 2,752,814 in May from 2,728,393 in April.
Local area unemployment data are not seasonally adjusted. Georgia labor market data are available at www.employgeorgia.com.