Showing posts with label augusta georgia. Show all posts
Showing posts with label augusta georgia. Show all posts

Monday, November 30, 2020

Pandemic-related job losses concentrated in Georgia’s 11 largest counties

All of Georgia’s 11 largest counties, as measured by employment size, saw significant drops over the first six months of 2020. Combined, the 11 counties recorded a net job decline of 10.2%. (-278,502 jobs). 

From June 2019 to June 2020, employment in the 11 counties dropped by 8.8% as a 1.6% increase in employment during the second half of 2019 was more than offset by the sharp declines in the first half of 2020. At the end of June, the 11 counties recorded a combined jobs total of 2,438,044, about the same level as at the end of June 2015. 

The job losses over the first half of 2020 were greater in those 11 largest counties than in the other 148 counties in the state. Georgia’s 148 other counties saw jobs decline by 6% (-112,924) in the first six months of 2020. Over the past 12 months, the 148 counties together reported job declines of 4.3% (-78,656). 

Statewide, Georgia recorded a drop of 8.5% (-391,426) jobs in the first six months of 2020 after a 1.7% increase (77,209 jobs) in the last six months of 2019. As of June, the state recorded a total of 4,196,040 jobs. 

County-level employment for Georgia’s 11 largest counties 

Clayton County, in the Atlanta-Sandy Springs-Roswell, GA, MSA, recorded the largest drop over the first six months of 2020, down 22.7%; a loss of 28,498 jobs. The county is home to Hartsfield-Jackson Atlanta International Airport and a portion of the county’s private sector employment is tied to the travel industry, which has felt much of the impact of travel restrictions related to the pandemic.

Forsyth County, a fast-growing suburban county located north of Atlanta and also in the Atlanta-Sandy Springs-Roswell, GA, MSA, recorded the small employment percentage decline at 5.3%, a loss of 4,163 jobs. 

Job losses were not confined to large counties in the Atlanta area. Chatham County, part of the Savannah, GA, metropolitan statistical area, recorded a 9.6% net loss (-15,673) in the first half of 2020. 

Richmond County, part of the Augusta-Richmond County, GA-SC, MSA, reported a 7.8% loss (-8.274). In the Columbus, GA-AL MSA, Muscogee County showed a loss of 6.7% (-6,535), and in the Macon-Bibb County, GA, MSA, Bibb County reported a loss of 7.2% (-6,007). 

Weekly wages 

The average weekly wage in the 11 counties declined by 1.2% over the first six months of 2020 to $1059.91. The overall decline was less than for the state as a whole, which saw the average weekly wage dropping by 1.3% to $1075. 

Over the 12 months ending in June, total payrolls in Georgia declined by 4% ($2.4 billion).

Employment information comes from the U.S. Bureau of Labor Statistics Quarterly Census of Employment and Wages (QCEW) program that publishes a quarterly count of employment and wages reported by employers covering more than 95 percent of U.S. jobs, available at the county, MSA, state and national levels by industry. Employment and average weekly wage data in Georgia were impacted by the Covid-19 pandemic and efforts to contain it. Percentage may not add up to 100 due to rounding.

Sunday, September 6, 2020

Georgia Labor Day 2020 by the Numbers

Georgia Private Sector Nonfarm Jobs, January 2019 - July 2020

Statewide employment 

Number of private sector nonfarm jobs in Georgia in July 2020: 3,734.000 

Number of private sector nonfarm jobs in Georgia in July 2019: 3,922,300 

Change from a year ago: - 188,300

 

Number of public sector jobs in Georgia in July 2020: 657,700 

Number of public sector jobs in Georgia in July 2019: 664,600 

Change from a year ago: - 6,900 


Statewide unemployment 

Initial claims 

Number of people filing for Georgia unemployment insurance benefits in the week ending August 22, 2020: 56,758 

Number of initial claims for the same week in 2019: 4,440 

Change from a year ago: + 52,318 


Insured unemployment 

Number of people receiving Georgia unemployment benefits in the week ending August 15, 2020: 553,713 

Number of people receiving benefits for the same week in 2019: 25,549 

Change from a year ago: + 528,164

 

Statewide costs for unemployment insurance benefits 

Amount of regular Georgia UI benefits paid in the past 24 weeks: + $3 billion 

Amount paid in the previous 7 years combined: $2.852 billion

 

Georgia metro areas private sector nonfarm jobs

(As of July 2020 / Change from July 2019)

Albany: 48,200 / - 2,400 

Athens-Clarke County: 67,100 / - 1,500 

Atlanta metro area (Atlanta-Sandy Springs-Roswell): 2,381.800 / - 134,800 

Augusta-Richmond County, GA-SC: 182,800 / - 13,500 

Brunswick: 30,200 / -6,400 

Columbus, GA-AL: 93,000 / - 5,300 

Dalton: 55,600 / - 3,800 

Gainesville: 79,800 / - 3,000 

Hinesville: 13,400 / + 200 

Macon-Bibb County: 83,600 / -5,100 

Rome: 35,900 / - 300 

Savannah: 152,200 / - 10,300 

Valdosta: 42,900 / - 400 

Warner Robins: 44,600 / - 5,100

 

Inflation in the Atlanta metro area (Atlanta-Sandy Springs-Roswell)

(Percentage change in retail prices for the 12 months ending in June 2020)

All Items: + 0.9% 

Food: + 4.3% 

Housing: + 2.3% 

Electricity: - 14.3%               

New vehicle: + 2.4% 

Used cars and trucks: - 1.9%

 Gasoline: - 25.4%