Atlanta’s unemployment rate of 3.2% is well below the national average, and every major industry sector recorded employment gains over the past year. Transportation and warehousing was one of the only sectors to record growth during the pandemic as employment opportunities rose to meet demand for shifting consumer spending habits in that time. In the past year, the Information sector – bolstered by the film industry, telecommunications, publishing, and data processing jobs – recorded the most substantial growth. Atlanta’s highly diversified economy, comparatively low cost of living and cost of doing business, and deep talent pool place the Metro in a strong position for continued employment recovery.
For more information on the national labor market and the impacts on CRE, check out the 5 Key U.S. Labor Market Trends Impacting CRE report.