
Simon Says: Latest unemployment numbers up, wages down
Last week, I reported record-high employment numbers in the Augusta Metropolitan Statistical Area for the leisure and hospitality industry. Total employment is also nearing a record high, standing currently (May) at 246,100. The record high is 246, 500 in January 2020. Unfortunately, some other measures of the strength of the labor market are not as robust. After spending the whole of 2022 at 3.5%, the unemployment rate started to rise in 2023. It currently stands at 3.8%, still low by historical standards. Part of the reason for the increase may







