Weekly applications for jobless benefits have remained so elevated that Georgia now leads the country in terms of the proportion of its workforce applying for unemployment assistance. A staggering 40.3 percent of the state’s workers — two out of every five — has filed for unemployment insurance payments since the coronavirus pandemic led to widespread shutdowns in mid-March, a POLITICO review of Labor Department data shows…
There are many reasons Georgia’s jobless numbers are still going up, economists say, including that the state, like most of the country, is still whittling through a backlog of applications. State officials also say some laid-off workers are filing duplicate claims, which can artificially inflate the numbers. But the data still underscores how lifting stay-at-home restrictions alone will do little to bring jobs and spending back unless consumer confidence improves, bringing demand with it.
“Think of a restaurant: They’re not going to be able to bring back their entire staff because they’re just not going to have the clientele,” said Laura Wheeler, associate director of the Center for State and Local Finance at Georgia State University. “That’s going to hinder the return of the workforce, because while we’re going to open up, we’re not going to open up to the full capacity that we were at before.”
Join the conversation as a VIP Member