Georgia is on the path to its fastest job growth rate since
1994. Over the first 10 months of 2021, the state has seen the addition of
155,800 jobs for a growth rate of 3.5 percent. The fast 2021 growth rate
contrasts with a 5.3 percent decline over the first 10 months of 2020 when the
state saw a loss of 247,700 jobs.
The year-to-date growth rate is the fastest since 1994 when
the state saw a 4 percent growth with 127,400 new jobs created in the first 10
months of the year.
|
1994 |
4.0% |
|
1995 |
2.5% |
|
1996 |
2.5% |
|
1997 |
2.5% |
|
1998 |
2.6% |
|
1999 |
2.6% |
|
2000 |
1.3% |
|
2001 |
-1.5% |
|
2002 |
-0.8% |
|
2003 |
-0.7% |
|
2004 |
1.8% |
|
2005 |
2.3% |
|
2006 |
1.6% |
|
2007 |
0.6% |
|
2008 |
-2.3% |
|
2009 |
-4.5% |
|
2010 |
0.7% |
|
2011 |
0.9% |
|
2012 |
1.5% |
|
2013 |
1.9% |
|
2014 |
2.7% |
|
2015 |
2.2% |
|
2016 |
1.8% |
|
2017 |
1.5% |
|
2018 |
1.6% |
|
2019 |
1.5% |
|
2020 |
-5.3% |
|
2021 |
3.5% |
In 1994, Georgia ended the year with 159,800 new jobs and a
calendar year growth rate of 5.0 percent, its highest annual rate in the series
that dates back to 1990.
Job creation by sector
Private sector job creation accounts for the vast majority
of new jobs in 2021 with the private sector creating 153,800 new jobs, while
government (federal, state and local combined) accounted for the remaining
2,000. Like the overall jobs rate, the private sector growth rate is the
fastest for the first 10 months of the year since 1994.
Among sectors, information is showing the fastest job
growth, up 8 percent over the first 10 months of 2021 with the addition of
8,800 new jobs.
Professional and business services is showing the second
fastest and the largest net growth in jobs, rising by 7.2 percent with the
creation of 50,800 new jobs.
Financial activities posted the slowest job growth so far in
2021 with a growth rate of 0.9 percent due to the creation of only 2,200 jobs
in the sector.
Georgia metro areas
All 14 metro areas in the state have shown job gains since
the beginning of 2021.
Metro areas growing faster than the state include Savannah.
Atlanta, and Warner Robins. For the first 10 months of 2021, the Savannah area
has recorded a 4.5 percent job growth rate, adding 8,300 jobs since the start
of the year.
The Atlanta area, the largest metro area in the state,
recorded the second fastest growing market, showing a 4.1 percent rate as it
saw a net increase of 111,000 jobs.
Those two relatively large metro areas were followed by the
smaller Warner Robins area, which posted a 3.9 percent rate with the addition
of 3,000 jobs since the beginning of 2021.
Areas with the slowest job growth have included the Augusta
and Albany areas. The Augusta area has added 400 jobs since the start of 2021,
while the Albany area added 100 jobs. Both areas are showing job growth rates
of 0.2 percent over the first 10 months of the year.
|
Area |
Net change in jobs December 2020 through October 2021 |
Percentage change in jobs December 2020 through October
2021 |
|
Statewide Georgia |
155,800 |
3.5 |
|
|
|
|
|
Savannah |
8,300 |
4.5 |
|
Atlanta |
111,000 |
4.1 |
|
Warner Robins |
3,000 |
3.9 |
|
Macon |
3,200 |
3.2 |
|
Gainesville |
2,800 |
3.0 |
|
Brunswick |
1,200 |
2.8 |
|
Rome |
900 |
2.2 |
|
Hinesville |
400 |
1.9 |
|
Valdosta |
1,000 |
1.8 |
|
Dalton |
1,000 |
1.5 |
|
Columbus |
1,600 |
1.4 |
|
Athens |
1,100 |
1.2 |
|
Augusta |
400 |
0.2 |
|
Albany |
100 |
0.2 |
