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Georgia s Unemployment Rate Drops To 4 Percent In June

Georgia s Unemployment Rate Drops To 4 Percent In June Thursday, July 15, 2021 The Georgia Department of Labor announced Thursday that Georgia’s unemployment rate dropped another 0.1 percentage point to reach 4 percent in June, lower than the national rate of 5.9 percent and down eight and one-half percent from 12.5 percent in April 2020. The labor force increased 3,000 over the month to over 5.1 million, up 178,000 since April 2020.  Georgia’s employed residents in June saw a monthly increase of 8,000, up 592,000 since April of last year to 4,956,857.  The number of unemployed dropped 5,000 from May to June to 208,033, down 414,000 since the beginning of the pandemic.  The number of jobs was up 32,800 in June, and up 464,000 since businesses began shutting their doors due to COVID-19.

GA Dept of Labor Reports Unemployment Rate Drops to 4 Percent in June

GA Dept of Labor Reports Unemployment Rate Drops to 4 Percent in June
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$31B in unemployment paid to NJ claimants$31B

Unemployment benefits paid to NJ residents since March 2020 New Jerseyans who lost their jobs during the pandemic have had a tough time keeping their heads above water. Unemployment insurance helps, of course: $31.1 billion in benefits have been paid out to residents since March 2020. Those funds come from both federal programs and state coffers. The feds’ portion comes from Lost Wages Assistance ($1.4 billion), Federal Pandemic Emergency Unemployment Compensation ($3 billion), Federal Pandemic Emergency Unemployment Compensation Under the Extension ($4.5 billion), Federal Pandemic Unemployment Assistance ($4.9 billion) and Federal Pandemic Unemployment Compensation Under the CARES Act ($9 billion). The rest of the funds came from the state: NJ Unemployment Insurance Benefits ($7.6 billion) and NJ Extended Unemployment Benefits ($687 million).

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