Economic Data for Georgia

Gross Domestic Product

Real GDP (a measure of economic growth) has been increasing since 2009 from the most recent low of $405 billion. It has been growing since then and is at a high of $480 billion in 2017.

 

 

Jobs

Private-sector employers have added 700,000 jobs since 2010, the national low point for private-sector employment. From 2017 to 2018 the private sector has added approximately 60,000 net new jobs, putting it at above the pre-recession high of 1,640,000 total jobs. Average hourly wages in the private sector have been slowly increasing since 2008, going from $20/hr to $26.75/hr in 2018.

 

 

Manufacturing employment has been declining since 2000, especially during the 2008 recession, but has been growing slightly since then. There are 400,000 jobs in this sector in 2018, down from 540,000 in 2000. Average hourly wages of production employees have been increasing since 2009, going from approximately $15/hr in 2010 to $18/hr in 2018.

 

 

There were 210,000 jobs in the Transportation and Warehousing sector in 2018, 50,000 jobs above its 2010 low, showing significant growth in this sector. The average wage in the Trade, Transportation and Utilities occupations was $23.50/hr in 2018, up from a 2010 average of $19.50/hr.

 

 

Unemployment

The unemployment rate in 2018 is 4.3%, down significantly from the prior year’s 5.5% rate. This is the above the national average of 3.9% unemployment.

 

 

Housing

The Consumer Price Index for Housing has risen significantly since 2012, going from 200 to 240, reflecting an increase in housing costs.

 

 

Atlanta-Sandy Springs-Roswell

Gross Domestic Product

Real GDP (a measure of economic growth) has been increasing since 2009 from the most recent low of $269 billion. It has been growing since then and is at a high of $320 billion in 2016.

 

 

Jobs

Private-sector employers have added 500,000 jobs since 2010, the national low point for private-sector employment. From 2017 to 2018 the private sector has added approximately 40,000 net new jobs for a total of 2,425,000, putting it far above the pre-recession high of 2,125,000 total jobs. Average hourly wages in the private sector have been increasing since 2008, going from $23.75/hr to $29/hr in 2018.

 

 

Manufacturing employment has been declining since 2000, especially during the 2008 recession, but has been growing since then. There are 170,000 jobs in this sector in 2018, down from 210,000 in 2000, but near close to pre-recession levels. Average hourly wages of production employees are $16.97/hr in 2018.

 

 

There were 150,000 jobs in the Transportation and Warehousing sector in 2018, 40,000 jobs above its 2010 low, showing significant growth in this sector. The average wage in the Transportation and Material Moving occupations was $17.50/hr in 2018.

 

 

Unemployment

The unemployment rate in 2018 is 4%, down significantly from the prior year’s 5% rate. This is the above the national average of 3.9% unemployment.

 

 

Housing

The Consumer Price Index for Housing has risen significantly since 2012, going from 200 to 240, reflecting an increase in housing costs.