Atlanta’s economy thrives despite post-pandemic recession
In 2022, Atlanta added 126,400 new jobs
Unemployment dropped to 2.6%, the lowest in decades
Jobs grew by 6.1% in Atlanta over past 3 years
Economic resilience in Atlanta
Despite the oncoming recession, the Atlanta metro area has become one of the leading locations for jobs and businesses in the past year. In 2022 alone, the region added 126,400 jobs and dropped its unemployment rate down to 2.6%, the lowest it has been in decades.
One of the key factors contributing to Atlanta's resilience during the recession is its diverse economic base. The city has a thriving financial sector, including the headquarters of major corporations like Coca-Cola, Delta Air Lines, and Home Depot. Additionally, the city is home to a thriving technology industry, with many startups and established tech companies having a significant presence in the area.
Job growth continues
The real estate, logistics, hospitality, and healthcare sectors have seen immense growth in the past months, opening new job opportunities for thousands of hardworking Georgians. In fact, Atlanta’s job base expanded by 6.1% in the past 3 years!
Even after large tech layoffs in 2022, jobs continue to run steady as new businesses take root in the Atlanta metro area. Savannah and Athens have also seen substantial growth, coming together for a state job base expansion of 3.9%.
Top tier talent bringing in more business
The city has a highly educated and skilled workforce, with many of its residents holding degrees in fields such as technology, finance, and healthcare. This talent pool has attracted numerous companies to the city, creating jobs and boosting the local economy.
While the national economy has been solid, the picture in Atlanta is even brighter, said Bruce Thompson, the state’s labor commissioner. “We are well-positioned to help businesses remain competitive and find top-tier talent.”