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Metro Savannahs unemployment rate declines to 5.1 percent in March
Unemployment line

ATLANTA — The Georgia Department of Labor announced Thursday that Metro Savannah’s unemployment rate for March was 5.1 percent, down 0.2 percentage point from February. The rate in March 2015 was 5.6 percent.

The rate declined as employers created 1,200 more jobs, pushing the total to 176,100, up 0.7 percent, from 174,900 in February. Most of the increase came in leisure and hospitality, along with professional and business services and education and health services.

Over the year, Metro Savannah, which the U.S. Census Bureau defines as Bryan, Chatham and Effingham counties, gained 7,100 jobs, a 4.2 percent growth rate, up from 169,000 in March 2015. Most of the job gains came in leisure and hospitality, professional and business services, education and health services, trade, transportation and warehousing, and state and local government, along with manufacturing.

The number of initial claims for unemployment insurance increased by 58, or 8.3 percent, to 755 in March. Most of the increase came in accommodations and food service, and retail trade. However, over the year, claims were down by 97, or 11.4 percent, from 852 in March 2015.

Also, Metro Savannah’s labor force increased by 937 to 180,159.

In Coastal Georgia, a 10-county region that includes Bryan, the unemployment rate for March was 5.3 percent, down 0.2 percentage point from February. The rate in March 2015 was 5.8 percent.

The rate declined as the number of employed residents increased by 2,132 to 302,425.

At the same time, the number of initial claims for unemployment insurance increased by 55, or 4.1 percent, to 1,410 in March. Most of the increase came in manufacturing and accommodations and food services. However, over the year, claims were down by 193, or 12 percent, from 1,603 in March 2015.

Coastal Georgia’s labor force increased by 1,693 to 319,457.     

Metro Gainesville had the lowest area jobless rate at 4.5 percent, while the River Valley region had the highest at 6.9 percent. 

Meanwhile, Georgia’s seasonally-adjusted unemployment rate for March was 5.5 percent, up from 5.4 percent in February. It was 6.2 percent in March 2015.

State Labor Commissioner Mark Butler said job seekers and employers should use the GDOL’s online job listing service, www.employgeorgia.com to search for jobs or recruit new employees.  In March, 3,207 jobs in Metro Savannah were posted on Employ Georgia. Throughout the state, 78,986 jobs were posted.

Local area unemployment data are not seasonally adjusted. Georgia labor market data are available at www.dol.georgia.gov

ATLANTA — The Georgia Department of Labor announced Thursday that Metro Savannah’s unemployment rate for March was 5.1 percent, down 0.2 percentage point from February. The rate in March 2015 was 5.6 percent.

 

The rate declined as employers created 1,200 more jobs, pushing the total to 176,100, up 0.7 percent, from 174,900 in February. Most of the increase came in leisure and hospitality, along with professional and business services and education and health services.

 

Over the year, Metro Savannah, which the U.S. Census Bureau defines as Bryan, Chatham and Effingham counties, gained 7,100 jobs, a 4.2 percent growth rate, up from 169,000 in March 2015. Most of the job gains came in leisure and hospitality, professional and business services, education and health services, trade, transportation and warehousing, and state and local government, along with manufacturing.

 

The number of initial claims for unemployment insurance increased by 58, or 8.3 percent, to 755 in March. Most of the increase came in accommodations and food service, and retail trade. However, over the year, claims were down by 97, or 11.4 percent, from 852 in March 2015.

 

Also, Metro Savannah’s labor force increased by 937 to 180,159.

In Coastal Georgia, a 10-county region that includes Bryan, the unemployment rate for March was 5.3 percent, down 0.2 percentage point from February. The rate in March 2015 was 5.8 percent.

 

The rate declined as the number of employed residents increased by 2,132 to 302,425.

 

At the same time, the number of initial claims for unemployment insurance increased by 55, or 4.1 percent, to 1,410 in March. Most of the increase came in manufacturing and accommodations and food services. However, over the year, claims were down by 193, or 12 percent, from 1,603 in March 2015.

 

Coastal Georgia’s labor force increased by 1,693 to 319,457.     

 

Metro Gainesville had the lowest area jobless rate at 4.5 percent, while the River Valley region had the highest at 6.9 percent. 

 

Meanwhile, Georgia’s seasonally-adjusted unemployment rate for March was 5.5 percent, up from 5.4 percent in February. It was 6.2 percent in March 2015.

 

State Labor Commissioner Mark Butler said job seekers and employers should use the GDOL’s online job listing service, www.employgeorgia.com to search for jobs or recruit new employees.  In March, 3,207 jobs in Savannah were posted on Employ Georgia. Throughout the state, 78,986 jobs were posted.

 

Local area unemployment data are not seasonally adjusted. Georgia labor market data are available at www.dol.georgia.gov

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Record April boosts Savannah's container trade at port
GardenCityTerminal
The Port of Savannah moved 356,700 20-foot equivalent container units in April, an increase of 7.1 percent. - photo by Provided

The Georgia Ports Authority's busiest April ever pushed its fiscal year-to-date totals to more than 3.4 million 20-foot equivalent container units (TEUs), an increase of 8.8 percent, or 280,000 TEUs, compared to the first 10 months of fiscal 2017.

"We're on track to move more than 300,000 TEUs in every month of the fiscal year, which will be a first for the authority," said GPA Executive Director Griff Lynch. "We're also anticipating this to be the first fiscal year for the Port of Savannah to handle more than 4 million TEUs."

April volumes reached 356,700 20-foot equivalent container units, up 7.1 percent or 23,700 units. As the fastest growing containerport in the nation, the Port of Savannah has achieved a compound annual growth rate of more than 5 percent a year over the past decade.

"As reported in the recent economic impact study by UGA's Terry College of Business, trade through Georgia's deepwater ports translates into jobs, higher incomes and greater productivity," said GPA Board Chairman Jimmy Allgood. "In every region of Georgia, employers rely on the ports of Savannah and Brunswick to help them become more competitive on the global stage."

To strengthen the Port of Savannah's ability to support the state's future economic growth, the GPA Board approved $66 million in terminal upgrades, including $24 million for the purchase of 10 additional rubber-tired gantry cranes.  

"The authority is committed to building additional capacity ahead of demand to ensure the Port of Savannah remains a trusted link in the supply chain serving Georgia and the Southeast," Lynch said.

The crane purchase will bring the fleet at Garden City Terminal to 156 RTGs. The new cranes will support three new container rows, which the board approved in March. The additional container rows will increase annual capacity at the Port of Savannah by 150,000 TEUs.

The RTGs will work over stacks that are five containers high and six deep, with a truck lane running alongside the stacks. Capable of running on electricity, the cranes will have a lift capacity of 50 metric tons.

The cranes will arrive in two batches of five in the first and second quarters of calendar year 2019.

 Also at Monday's meeting, the GPA Board elected its officers, with Jimmy Allgood as chairman, Will McKnight taking the position of vice chairman and Joel Wooten elected as the next secretary/treasurer.

For more information, visit gaports.com, or contact GPA Senior Director of Corporate Communications Robert Morris at (912) 964-3855 or rmorris@gaports.com.

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