Showing posts with label gainesville ga. Show all posts
Showing posts with label gainesville ga. Show all posts

Sunday, May 3, 2020

Georgia county unemployment jumps in March with 55 counties posting increases in the number of unemployed persons by 25% or more

Number of unemployed people in Georgia, not seasonally adjusted
Unemployment rates rose in March in 156 of Georgia’s 159 counties compared to a year earlier.

Two south central Georgia counties posted the highest unemployment rates in the state. Telfair County posted a March unemployment rate of 10.8%, up from 5.3% in March 2019, followed by nearby Wheeler County at 9%, which rose from 5.6% in the prior year.

Statewide, Georgia recorded an unemployment rate of 4.3%, before seasonal adjustment, up from 3.6% a year earlier. Over the past 12 months, the number of unemployed people in the state rose by 40,795 (+22.3%).

The counties recording the lowest unemployment rates in Georgia included Oconee County (3.2%) in the Athens metro area, Hall County (3.4%) in the Gainesville metro area, and Jackson County (3.4%), which has a number of residents working in the Atlanta and Athens metro areas.

In 55 of Georgia’s 159 counties, the number of unemployed persons increased by 25% or more in March compared to a year earlier. In 44 other counties, the number of unemployed increased by 20-24.9% compared to a year ago.

The number of unemployed persons declined in only one county – Terrell County – which posted an unemployment rate of 5.1% compared to 5.4% last year. Talbot County showed no change in the number of unemployed people residing in its county and no change in its unemployment rate at 4.9%.

Counties recording the largest increases in unemployed persons over the past 12 months were all in the Atlanta metro area and included Fulton (+4,789), Gwinnett (+3,427), DeKalb (+3,342), Cobb (+2,965), and Clayton (+1,527). 

Chatham County in the Savannah metro area posted an over-the-year unemployment increase of 1,150 people.

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.