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 Employment Application Douglas Emmett 2013

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Georgia's labor market continued to improve in November State Labor Commissioner Mark Butler says the unemployment rate dropped from 8.1% in October to 7.7% really good news on the unemployment rate we actually saw us break that 8% barrier for the first time in many years in 5 years to be exact when the rate was 7.6% in November 2008 and it's a full point below the same period a year ago so why the big drop in unemployment well the biggest part of that has to do with the number of jobs we saw created last month we saw over 19,000 jobs created last month uh but also another good number in that has to do with initial claims people just newly laid off we saw that decrease by 15% those are the best numbers of that kind since late 2007 predating the recent recession the number of jobs in November grew to more than 4,95 th000 the most since September 2008 growth was led by mostly holiday hiring in retail trade transportation and warehousing more jobs were added in financial s

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