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2. Economic Development CCommunityommunity AssessmentAssessment - 2.2. EconomicEconomic DevelopmentDevelopment 2. ECONOMIC DEVELOPMENT The Economic Development sec on of the City of Atlanta’s Comprehensive Development Plan includes an analysis of the City’s economic base, or jobs in the City; the labor force, or those workers who live in the City; economic trends ac ec ng the City; and the City’s economic development resources, including agencies and programs dedicated to crea ng economic growth in Atlanta. The intent of this sec on is to integrate economic development into the community comprehensive planning process so that the City can iden fy its priori es in economic needs, facili es, land uses and goals. Economic Base This sec on describes the City of Atlanta’s economic base, or those jobs which are located in the City of Atlanta. Trends in business employment, industries and wages are presented and compared to trends in the Atlanta MSA, Geor- gia and the na on (where available). This sec on includes data on the City’s employment industry mix and includes projec ons by industry. Business Employment In the 2nd quarter of 2009, there were 378,109 jobs in the City of Atlanta, represen ng 17.1% of the Atlanta MSA’s jobs (2.2 million) and 9.9% of the State’s jobs (3.8 million) (Table 2-1). The number of jobs in the City decreased by 90,305 jobs, or 19.3%, from 2000 to the 2nd quarter of 2009, a signi cantly higher rate than in the MSA, where the number of jobs decreased by 0.7%; in the State, where the number of jobs decreased by 1.6%; and in the na on, where the number of jobs decreased by 1.0% over the same period. Table21:Atlanta’sBusinessEmploymentChangeintheRegionalandNationalContext20002009 CityofAtlanta AtlantaMSA Georgia UnitedStates Year Total AnnualChange Total AnnualChangeTotal AnnualChange Total AnnualChange 2000 468,414 2,226,841 3,871,050 NA 2001 473,193 4,779 1.00% 2,288,744 61,903 2.80% 3,849,332 21,718 0.60% 130,834,244 NA NA 2002 431,415 41,778 8.80% 2,229,183 59,561 2.60% 3,797,093 52,239 1.40% 129,042,576 1,791,668 1.40% 2003 414,937 16,478 3.80% 2,182,692 46,491 2.10% 3,773,221 23,872 0.60% 128,386,102 656,474 0.50% 2004 406,177 8,760 2.10% 2,191,485 8,793 0.40% 3,823,433 50,212 1.30% 129,803,635 1,417,533 1.10% 2005 411,845 5,668 1.40% 2,270,526 79,041 3.60% 3,924,780 101,347 2.70% 132,109,429 2,305,795 1.80% 2006 423,013 11,168 2.70% 2,344,977 74,451 3.30% 4,012,997 88,217 2.20% 134,440,300 2,330,871 1.80% 2007 422,193 820 0.20% 2,373,335 28,358 1.20% 4,072,081 59,084 1.50% 136,064,223 1,623,923 1.20% 2008 400,859 R21,334 5.10% 2,361,985 11,350 0.50% 4,052,013 20,068 0.50% 136,120,153 55,929 0.00% 2009 378,109 22,750 5.70% 2,211,531 150,454 6.40% 3,809,881 242,132 6.00% 129,508,160 6,611,993 4.90% 20002009 90,305 19.30% 15,310 0.70% 61,169 1.60% 1,326,084 1.00% CAGR 2.10% 0.10% 0.20% 0.10% Source:USCensusQWIandGeorgiaDepartmentofLabor,WorkforceInformation&Analysis,Employment&WagesUnit,USBureauofLaborStatistics During the decade, the City was impacted severely by two na onal economic downturns. From 2001 to 2004, the City lost 67,016 jobs, or 14.2%, com- pared to 4.6% in the MSA, 2.7% in the state of Georgia and 1.9% in the U.S. as a whole. The City con nued to lose jobs into 2004, a er the MSA, Geor- gia and the U.S. began to see a recovery. During the current recession, the City of Atlanta saw job losses in 2007, before job losses occurred in the MSA, Georgia, and the U.S. In total, the City has lost 44,904 jobs since 2007, or 10.6% while the MSA has lost 6.8% of its jobs, Georgia has lost 6.4% of its jobs 39 CCommunityommunity AssessmentAssessment - 2.2. EconomicEconomic DevelopmentDevelopment and the U.S. has lost 4.9% of its jobs. Employment Growth by Industry As discussed above, the City of Atlanta lost 90,305 jobs from 2000 to 2009. The largest number of jobs lost were in Public Administra on (29,086 jobs, or 41.3%), Health Care and Social Assistance (15,408 jobs, or 30.6%) and Man- ufacturing (10,587 jobs or 42.1%). The industries which saw employment gains were U li es (2,428 jobs), Educa on Services (4,488 jobs) and Arts, Entertainment and Recrea on (2,692 jobs) as well as modest gains in Real Estate and Professional, Scien c and Technical Services. The Atlanta MSA lost 15,310 jobs from 2000 to 2009. The largest number of jobs lost were in Manufacturing (57,810 jobs, or 27.8%), Informa on (29,381 jobs or 25.3%), and Management of Companies and Enterprises (21,862 jobs, or 33.4%). However, there were several industries which saw gains over the period: Educa onal Services (77,761 jobs, or 59.5%), Health Care and Social Assistance (28,532 jobs or 15.2%) and Accommoda on and Food Services (28,292 jobs or 16.8%). In these industries, the MSA outpaced job growth in the City of Atlanta, indica ng that these industries may present growth op- portuni es for the City in the future. Employment by Industry Mix in 2009 In 2009, the City of Atlanta had 378,109 jobs. The largest number of jobs, 47,722 (12.6%) were in Professional, Scien c and Technical Services, fol- lowed by Accommoda on and Food Services (38,167 jobs or 10.1%), Health Care and Social Assistance (35,012 jobs, or 9.3%), Educa onal Services (33,012 jobs or 8.7%) and Public Administra on (29,086 jobs or 7.7%) (Table 2-2). Table22:BusinessEmploymentbyIndustry,CityofAtlantaandAtlantaMSA2002009 CityofAtlanta AtlantaMSA Total Total 2000 2009 %Change 20 00 2009 %Change Industry Change Change 11Agriculture,Forestry,FishingandHunting 1,015 0.20% 80 0.00% 935 92.10% 3,778 0.20% 2,0530.10% 1,725 45.70% 21Mining,Quarrying,&Oil&GasExtraction 52 0.00% 28 0.00% 24 R46.20% 1,802 0.10% 1,0980.00% 704 39.10% 22Utilities 951 0.20% 3,379 0.90% 2,428 255.30% 11,308 0.50% 11,1580.50% 150 1.30% 23Construction 12,026 2.60% 9,393 2.50% 2,633 21.90% 121,590 5.50% 102,9914.70% 18,599 15.30% 3133Manufacturing 25,124 5.40% 14,537 3.80% 10,587 42.10% 207,767 9.30% 149,9576.80% 57,810 27.80% 42WholesaleTrade 23,190 5.00% 17,910 4.70% 5,280 22.80% 165,030 7.40% 148,4786.70% 16,552 10.00% 4445RetailTrade 28,852 6.20% 23,516 6.20% 5,336 18.50% 258,245 11.60% 250,67911.30% 7,566 2.90% 4849TransportationandWarehousing 18,558 4.00% 11,199 3.00% 7,359 39.70% 132,833 6.00% 125,4555.70% 7,378 5.60% 51Information 33,467 7.10% 25,995 6.90% 7,472 22.30% 116,067 5.20% 86,6863.90% 29,381 25.30% 52FinanceandInsurance 31,052 6.60% 23,960 6.30% 7,092 22.80% 107,136 4.80% 104,7754.70% 2,361 2.20% 53RealEstateandRentalandLeasing 10,134 2.20% 10,258 2.70% 124 1.20% 42,159 1.90% 41,8841.90% 275 0.70% 54Professional,Scientific,&Tech.Services 46,739 10.00% 47,722 12.60% 983 2.10% 155,995 7.00% 176,4958.00% 20,500 13.10% 55Mgmt.ofCompanies&Enterprises 14,237 3.00% 9,444 2.50% 4,793 33.70% 65,494 2.90% 43,6322.00% 21,862 33.40% 56AdministrativeandSupport 34,392 7.30% 24,794 6.60% 9,598 27.90% 175,155 7.90% 166,2227.50% 8,933 5.10% 61EducationalServices 28,524 6.10% 33,012 8.70% 4,488 15.70% 130,779 5.90% 208,5409.40% 77,761 59.50% 62HealthCareandSocialAssistance 50,420 10.80% 35,012 9.30% 15,408 30.60% 187,108 8.40% 215,6409.80% 28,532 15.20% 71Arts,Entertainment,andRecreation 5,088 1.10% 7,780 2.10% 2,692 52.90% 23,811 1.10% 28,1481.30% 4,337 18.20% 72AccommodationandFoodServices 38,191 8.20% 38,167 10.10% 24 R0.10% 168,740 7.60% 197,0328.90% 28,292 16.80% 81OtherServices(exceptPublicAdmin.) 16,877 3.60% 12,837 3.40% 4,040 23.90% 62,945 2.80% 59,6122.70% 3,333 5.30% 92PublicAdministration 49,525 10.60% 29,086 7.70% 20,439 41.30% 89,099 4.00% 90,9964.10% 1,897 2.10% Total 468,414 100.00% 378,109 100.00% 90,305 19.30% 2,226,841 100.00% 2,211,531100.00% 15,310 0.70% Source:USCensusBureauQWI2ndQuarter 40 CCommunityommunity AssessmentAssessment - 2.2. EconomicEconomic DevelopmentDevelopment Business Employment Earnings Table23:AverageMonthlyEarnings,CityofAtlantaandAtlantaMSA2000 In spite of job losses in the City of Atlanta, earnings remain high.
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