Georgia Unemployment Hits Over 1-Year Low as Job Growth Slows but Wages Still Rise

Georgia's unemployment rate dipped to 3.1% in January, the lowest level in over a year
The state added 1,500 jobs during the month, with growth in corporate, local government, food service and hospitality sectors
Job growth has slowed from 2022 but the state economy remains in forward gear, having added over 50,000 jobs in the past year
Experts predict continued economic growth in Georgia, albeit at a slower pace, and believe the state will avoid a downturn
The average Georgia worker received a 5% annual pay raise in January, down from 6.7% in mid-2022, with about 12% getting no raise