Among the positions to be filled, she said, are loan officers, signers, loan processors and customer service jobs for offices in Buckhead and Alpharetta. This is a sign that the Atlanta housing market is still strong.
But in a large part of the economy, the continued spread of the coronavirus is rocking consumer spending, Wald said. “The bad news is that, even with the reopening, you still have over 600,000 people in Georgia receiving unemployment benefits. This is more than the combined population of Augusta, Columbus, Savannah and Albany.”
Meanwhile, those who lost their jobs due to the pandemic no longer receive the extra $ 600 a week from the federal government. A tough split Congress so far has not been able to reach a compromise on a new aid package.
Other data show the reopening of the economy as far as possible.
At the end of July, Georgians were working 21% fewer hours than they were at the end of February, while at Metro Atlanta, working hours were reduced by 26%, said Andrew Vogeley, product manager at Homebase, which sells a planning tool and time tracking.
Things looked better a month ago, he said.
By mid-June, more people were working longer hours, Vogeley said. “Both Georgia and Atlanta have descended from the peaks of mid-June. Atlanta was surpassing the rest of the country, but is now holding it.”
Nationwide, the U.S. Department of Labor reported 1.4 million initial jobless claims filed, an increase of 12,000 from last week.
Involved by the unprecedented flood of demands, the Georgia Department of Labor fell far behind. Many unemployed have waited months for their benefits to be paid. But after slow recovery, the state has now made payments on 92% of claims deemed valid, said Mark Butler, the state labor commissioner.
The State Department of Labor has struggled for months with an unprecedented wave of layoffs plus it needs to implement new federal programs. Mark Butler, Georgia’s labor commissioner, says recent proposals for unemployment benefits will make the situation even tougher.
With the unprecedented level of unemployment claims, benefit payment money is declining. The balance in the state unemployment insurance fund is now less than 25% of the $ 2.5 billion he held when the crisis began.
If that fund were to impoverish, Georgia would have to borrow from the US Treasury to make payments.
Many of the requests have come from those who lost their jobs in hotels, food services, health care and social assistance, retail, administrative services and manufacturing, the Department of Labor said.
Many of those jobs were lower paid.
According to the Census Bureau, more than 50% of adults who make $ 75,000 or less a year have lost income during the pandemic. For those whose payout was $ 25,000 or less, at least 60% have lost income.
“This recession has a tremendous impact on people who are less able to cope with that impact,” said Mike Alexander, director of the Center for Diversity Communities at the Atlanta Regional Commission.
New jobless claims in Georgia
June 6: 135,254
June 13: 131,997
June 20: 125,725
June 27: 117,485
July 4: 105,160
July 11: 138,452
July 18: 122,313
July 25: 84,984
Sources: US Employment and Training Administration, Department of Labor in Georgia