Strong job growth in Metro Atlanta, unemployment rate at record high

0

Importantly, since the overall unemployment rate only includes people looking for work, that rate has declined as the pool of job seekers has grown, said Labor Commissioner Mark Butler. “We continue to record unprecedented unemployment rates statewide while recording job growth.”

Metro Atlanta’s workforce, which includes everyone with a job or looking for work, is 25,000 less than it was before the pandemic. But it rose in October by 15,425. And the number of unemployed – that is, those actively looking for work – fell to its lowest level since May 2001, Butler said.

Nationally, jobless claims last week fell to their lowest level in decades, according to the Employment and Training Administration. In Georgia, claims fell to 4,249 during the week – the lowest level in the state since late 2019, the DOL said.

The most common job openings in Metro Atlanta are in seasonally affected industries like logistics where warehouse and materials movers are needed, but there is also intense demand in personal care. health, said Sue Arthur, managing director of the CareerBuilder jobs website. “Registered nurses are one of the most in-demand jobs in the Atlanta metro area. “

Health care added 8,300 jobs to the region last month.

The region’s recovery from massive job losses in the first weeks of the pandemic is still not over. Metro Atlanta’s economy has created 353,500 jobs, but remains 28,000 jobs below its February 2020 level.

If the story is any guide, the recovery will continue.

Last November, the unemployment rate generally fell and jobs were added as retailers and logistics companies thoroughly handle orders and shipments during the holidays. In the five years leading up to the pandemic, November saw an average growth of 20,120 jobs.

But there are often fewer job seekers than openings. Of the positions where employers struggle to find enough candidates, “healthcare, food preparation and education … have some of the lowest jobseeker to job opening ratios,” said Arthur from CareerBuilder.

Many workers remained on the sidelines, deterred by fears of the virus, childcare needs, the desire for free time or the thirst for higher wages, she said. “People have many different reasons for not working right now. “

The Atlanta metro area, often seen as the engine of Georgia’s economy, typically accounted for more than 70% of the state’s job growth in the years leading up to the pandemic. But COVID-19 has severely damaged the hospitality and travel sectors, and the Atlanta metro’s recovery – though robust – has been slower than the rest of Georgia.

In 2021, Metro Atlanta accounted for 63% of the 155,800 jobs created in the state.


Recent job growth in Metro Atlanta

June: 31,400

July: 14,600

Aug: 2,200

September: 6,200

October: 40,700

Job growth in Metro Atlanta, October

2016: 13,800

2017: 25,600

2018: 20,100

2019: 19,000

2020: 29,100

2021: 40,700

Average, before pandemic: 13,400

Unemployment rate in Metro Atlanta

Lowest before pandemic: 2.6% (Dec 2000)

Highest before the pandemic: 11.1% (June 2009)

October 2020: 5.8%

October 2021: 2.4%

Sources: Bureau of Labor Statistics, Georgia Department of Labor

Share.

Comments are closed.