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Old 03-06-2015, 08:12 AM
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The Georgia DOL released the new December 2014 and January 2015 Atlanta job market estimates. This is by far the most important economic announcement of the year: not only do we get a new round of monthly data, but this is where the US Bureau of Labor Statistics goes back and compiles all of the labor market, GDP, population growth, and other data from 2014 to revise what it thinks the best current snapshot of metro labor numbers area.

Atlanta's are really, really good.

Here's the latest Georgia DOL data (page 4)


Here's the BLS page, which hasn't been updated to show the new data yet:

Atlanta-Sandy Springs-Marietta, GA Economy at a Glance

(Keep in mind that in the coming days and months, these pages will be updated and will therefore lose meaning in the context of this thread.)

The preliminary job estimates from December 2014 were 2,514,000 jobs. The revised estimate is 2,566,000 jobs. In other words, according to the bookkeepers, Atlanta's economy has about 52,000 more jobs than were previously thought. So the all the reports last year were wrong to the tune of 2%, which is a very big difference.

The year-over-year numbers are extremely positive as well. Currently, the January preliminary estimate stands at 2,531,000 jobs, up from 2,427,000 jobs a year ago, an increase of 104,000 jobs. That's an extremely good year-over-year number. The last time we saw 6-digit year-over-year job growth was in 1999, and even in the 1990s it was rare.

In other news, Atlanta's economy is growing about as rapidly as it ever has right now.

We're seeing pretty good industry splits of these numbers, too:

21,400 jobs are in professional/business services (including 2,800 tech jobs)
7,500 jobs are in finance
7,400 are in wholesale trade
11,500 are in retail
7,200 are in warehousing/transportation
5,600 are in construction
4,100 are in manufacturing
11,000 are in healthcare
13,000 are in dining and hospitality
6,400 are in government

We're also well above our pre-recession level of 2,478,000 jobs (December 2007). Our December 2014 job reading was almost 100,000 jobs higher than that. So there's no question anymore that we have fully recovered from the recession from a jobs standpoint.
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Old 03-06-2015, 08:42 AM
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Old 03-06-2015, 11:00 AM
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This is wonderful news. Thanks!
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Old 03-06-2015, 11:39 AM
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