Business is Booming in Atlanta
The city of Atlanta, the business capital of the southeast, and the State of Georgia have both been recognized for their efforts to attract and retain big business. Don’t take our word for it though. The area’s success has been well documented as Georgia was named the No. 1 State for Business Climate four years in a row and the No. 1 State for Business five years in a row by Site Selection. The number of Fortune 500 companies headquartered in Atlanta—17 to be exact—and the more than 450 Fortune 500 companies with locations here are also a testament to the advantageous business climate.
What makes metro Atlanta a great place to do business? There are a myriad of reasons. One simple cause is the fact that metro Atlanta has the lowest relative cost of doing business among the nation’s 10 largest metro areas (KPMG, Competitive Alternatives: Guide to International Business Location Costs, 2016). Another major factor is the area’s talented and diverse workforce. The metro area is home to more than 5.8 million people, many of whom have attended one of the state’s top educational institutions. In addition, the state offers easy access to global markets thanks to Hartsfield-Jackson Atlanta International Airport, the world’s busiest airport, as well as the Port of Savannah, the fourth-largest and fastest-growing container seaport in North America, and our rail and highway networks.
The favorable business climate in our city and state has made the economy flourish and the employment rate climb. In fact, according to the U.S. Bureau of Labor Statistics, in June 2018, the Atlanta-Sandy Springs-Roswell, Ga. Metropolitan Statistical Area employment rate grew by 1.8 percent, adding 49,000 jobs. In total, employment numbers in the metro area were at 2,780,300 in June 2018. In contrast, the Atlanta area unemployment rate was at 3.8 percent in July 2018, while the national unemployment rate is 3.9 percent, near an 18-year low.
Metro Atlanta’s workforce is varied, with employees working in fields ranging from IT to construction. The construction supersector saw the largest year-over-year growth from June 2017 to June 2018, growing by 6.9 percent, or 8,400 jobs, while the leisure and hospitality sector grew by four percent, or 11,900 jobs. However, with the rise in employment and jobs, Atlanta is seeing a skills shortage in multiple sectors, where employer demand is outpacing the number of workers available with a range of skills, from Web development and data science to public policy and people management, according to LinkedIn’s August 2018 Workforce Report for Atlanta.
While employment rises, new companies move to Atlanta and unemployment continues to decline, there are still thousands of jobs available in metro Atlanta. Currently, Indeed.com has nearly 60,000 jobs listed with nearly two-thirds of them full-time positions and just over half considered entry level. Top companies currently hiring in Atlanta include The Home Depot, Target, Emory University, Marriott International, Kroger Stores and SunTrust. In addition to jobs available on top hiring sites, the city of Atlanta has a multitude of staffing agencies available specializing in everything from IT to healthcare professionals.
Whether you’re looking to advance your career, searching for a position that will allow you to relocate to Atlanta or trying to find your first job, the city of Atlanta is a great place to start or advance a career. To stay up to date with news related to metro Atlanta’s job market and business growth, be sure to check our website regularly.