Showing posts with label Los Angeles. Show all posts
Showing posts with label Los Angeles. Show all posts

Wednesday, September 2, 2015

Atlanta grows, while Georgia slows

Fast growth in the Atlanta metro area contrasts with slower growth in the rest of the state
Metro Atlanta’s job market remained strong in July as the area added 13,200 new jobs over the month.

For the 12 months ending in July, the area’s employment has increased by 75,800, placing it 4th in job growth among the nation’s largest population centers after the Los Angeles, New York, and Dallas areas, according to new seasonally adjusted data released by the U.S. Bureau of Labor Statistics. By population, the Atlanta region ranks 9th.

While the Atlanta region’s growth remained robust, conditions in the rest of Georgia slowed. Outside the Atlanta metro area, the state recorded its 5th consecutive month of job losses, dropping 8,600 jobs in July.

From March through July, the Atlanta region has seen the addition of 26,700 new jobs, while the rest of the state has recorded a loss of 20,600 jobs.

Due to this divergence, the Atlanta region has grown by 3.0% over the past 12 months, while the state has recorded a 2.1% growth rate.

With the recent slowdown, the state’s annual job growth dropped from 6th place in June to 8th place in July among the 50 states. For the 12 months ending in July, the state added 89,400 nonfarm jobs. This contrasts with the 130,700 jobs it added in the 12 months ending in July 2014.

Other Georgia Metro Areas

There continues to be pockets of strength outside of the 29-county Atlanta metro area with Savannah adding 4,000 jobs over the past 12 months for a 2.4% growth rate.

The Dalton area continued its recovery from the recession with a 2.6% annual growth rate, while Brunswick recorded an annual increase of 2.4%. Despite the recent rebound in their economies, employment in both Dalton and Brunswick remain below their pre-2007 levels.

Among metro areas in the state, Valdosta recorded the largest 12-month decline in July, shedding 1,200 jobs for a loss of 2.2% since July 2014.

The Atlanta metro area is defined as including Barrow, Bartow, Butts, Carroll, Cherokee, Clayton, Cobb, Coweta, Dawson, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Haralson, Heard, Henry, Jasper, Lamar, Meriwether, Morgan, Newton, Paulding, Pickens, Pike, Rockdale, Spalding, and Walton counties.