Showing posts with label houston. Show all posts
Showing posts with label houston. Show all posts

Monday, January 4, 2016

Happy New Year: Atlanta area ends 2015 on high note

The Atlanta area posted the greatest percentage growth in jobs among the largest metro areas in the nation for the most recent 12-month period, according to newly released data from the U.S. Bureau of Labor Statistics.

Over the year, the Atlanta metro area saw a 3.4% increase that translates into 86,500 new jobs. 

Among the large metros, the Dallas area recorded the next greatest increase, rising 3.0%. Houston showed the smallest annual increase at 0.8%.For the three months ending in November, Atlanta added 50,300 jobs, which was the most jobs created for the fall period looking at records going back to 1990.

As a result of this burst of job creation, the metro area’s unemployment rate dropped to 5.0%, a rate last recorded in 2008. In November 2014, the metro area’s unemployment rate stood at 6.1%.

Despite the large number of new jobs, the metro area has seen only a small increase in its labor force, rising by less than 16,000 people in the past year, an increase of 0.5%.

The combination of new jobs plus a lagging labor force places greater pressure on employers trying to hire and retain employees. 

Atlanta continues its role as the job engine for the state.

The Atlanta area is increasingly becoming the key to economic growth in the state. Here are a few indicators of the Atlanta metro area’s importance to Georgia:

Percentage of Georgia’s job growth attributable to the Atlanta metro area:
1-Month: 86.4%
3-Month: 64.2%
1-Year:  92.5%

5-Years: 78.1%