Showing posts with label augusta job growth. Show all posts
Showing posts with label augusta job growth. Show all posts

Friday, July 29, 2016

Georgia’s job growth not consistent across the state

Georgia added 29,800 net new nonfarm jobs for an increase of 0.7% in the first half of 2016 and rising by 2.8% over the year, but much of that growth was concentrated in five metro areas – Atlanta, Savannah, Brunswick, Augusta, and Gainesville, Ga.


The Savannah area continues its hot streak on jobs, adding 3,900 since December for a total of 7,100 over the past 12 months, an increase of 4.1%.

Savannah’s continued job growth is propelling it towards competition with the Augusta area as the state’s second largest metro area. In June 2012, the Augusta area had 58,700 more jobs than the Savannah area. By June 2016, this difference had shrunk by 12%.

Brunswick posted the largest percentage increase for the first half of 2016, rising by 3.1%, or 1,4,00 jobs, for annual increase of 3.3%.

Meanwhile, the state’s largest metro area, Atlanta, is showing some slowdown. While the area added 15,100 jobs since December, this is slower than the numbers it posted for the first half of 2014 (30,700) and the first half of 2015 (15,400).

For the first half of 2016, the Atlanta area posted a job growth rate of 0.6%, the same rate as for the first half of 2015. Over the past 12 months, the Atlanta area added 69,400 jobs for a growth rate of 2.7%, slightly below the state’s overall rate.

Home to 60% of all nonfarm jobs in the state, any slowdown in the Atlanta area is bound to affect statewide numbers.

Hinesville and Columbus areas lagging in jobs

While Georgia continues to experience faster job growth than the nation, not all metro areas in the state are participating in this boom to the same extent. Areas of the state not feeling the effects of the enlarging economy include Hinesville and Columbus.

The Hinesville area recorded a loss of 300 jobs for the first six months of 2016 and has shown no net increase in new jobs since June 2015. The area’s job market continues to stagnate with no net increase in jobs over the past eight years.

The Columbus metro area lost 400 jobs since December partially offsetting a gain of 900 jobs from July through December for a net addition of only 500 jobs since last June. The Columbus area has seen very slow job growth since the recession, rising by only 4,600 net new jobs since June 2010, a net growth rate averaging less than 0.7% per year over the six year period.

Athens lost 100 jobs in the first six months of 2016, although a strong second half of 2015 propelled it to one of the strongest job gains among metro areas in the state for the 12 months ending in June, adding a net of 3,600 jobs for an increase of 4% since June 2015.


The Macon and Valdosta areas showed no net change in jobs since December but both areas showed good growth in the second half of 2015, resulting in 12-month job gains of 2.1% and 2.2% respectively.