Updated
Updated · Savannah Business Journal · Jun 26
Metro Savannah Hits Record Employment in May as Unemployment Rises to 2.7%
Updated
Updated · Savannah Business Journal · Jun 26

Metro Savannah Hits Record Employment in May as Unemployment Rises to 2.7%

3 articles · Updated · Savannah Business Journal · Jun 26

Summary

  • Metro Savannah posted all-time highs for both labor force and employment in May, according to the Georgia Department of Labor.
  • The unemployment rate rose 0.3 percentage point from April to 2.7%, a move the state linked to a seasonal influx of graduates entering the job market.
  • That rate was still slightly better than a year earlier, when unemployment in the three-county metropolitan area stood at 2.8%.
  • Georgia Labor Commissioner Bárbara Rivera Holmes said the expanding talent pipeline is helping sustain business investment across the state, which now has more than 5 million jobs.

Insights

With Georgia’s job market booming, how can its 1.4 million small businesses compete for talent against large corporations?
Georgia’s economy leans on immigrant labor. How will new federal policies now affect its record-breaking growth?