Atlanta Area Economic Summary

Atlanta Area Economic Summary

Atlanta, GA, Area Economic Summary Updated September 02, 2021 This summary presents a sampling of economic information for the area; supplemental data are provided for regions and the nation. Subjects include unemployment, employment, wages, prices, spending, and benefits. All data are not seasonally adjusted and some may be subject to revision. Area definitions may differ by subject. For more area summaries and geographic definitions, see www.bls.gov/regions/economic-summaries.htm. Unemployment rates for the nation and selected Average weekly wages for all industries by county areas Atlanta area, first quarter 2021 (U.S. = $1,289; Area = $1,373) Unemployment rates 10.5 United States 5.7 8.7 Atlanta area 3.2 7.4 Cobb Co. 2.6 10.4 DeKalb Co. 3.8 10.4 Fulton Co. 3.9 7.9 Gwinnett Co. 2.8 0.0 5.0 10.0 15.0 Jul-20 Jul-21 Source: U.S. BLS, Local Area Unemployment Statistics. Source: U.S. BLS, Quarterly Census of Employment and Wages. Over-the-year changes in employment on nonfarm payrolls and employment by major industry sector Change from Jul. 12-month percent changes in employment Atlanta area employment Jul. 2021 2020 to Jul. 2021 15.0 (number in thousands) Number Percent 10.0 Total nonfarm 2,794.7 165.8 6.3 Mining and logging 1.6 0.0 0.0 5.0 Construction 130.4 3.4 2.7 Manufacturing 166.8 5.0 3.1 0.0 Trade, transportation, and utilities 593.3 22.8 4.0 -5.0 Information 105.5 15.7 17.5 Financial activities 182.4 5.2 2.9 -10.0 Professional and business services 557.5 43.9 8.5 Education and health services 366.0 22.0 6.4 -15.0 Leisure and hospitality 270.0 37.4 16.1 Jul-18 Jul-19 Jul-20 Jul-21 Other services 98.5 5.2 5.6 Atlanta area United States Government 322.7 5.2 1.6 Source: U.S. BLS, Current Employment Statistics. Source: U.S. BLS, Current Employment Statistics. Over-the-year change in the prices paid by urban Over-the-year changes in the selling prices received by consumers for selected categories producers for selected industries nationwide 12-month percent change in CPI-U, June 2021 12-month percent changes in PPI 30.0 27.5 25.0 24.5 20.0 25.0 15.0 20.0 10.0 5.0 15.0 0.0 10.0 6.7 -5.0 5.4 -10.0 5.0 2.4 1.4 Jul-18 Jul-19 Jul-20 Jul-21 0.0 General freight trucking Hospitals All items Food Energy Atlanta area U.S. city average Employment services Source: U.S. BLS, Consumer Price Index. Source: U.S. BLS, Producer Price Index. Average annual spending and percent distribution Average hourly wages for selected occupations for selected categories United Occupation Atlanta area States Average annual expenditures, United States and All occupations $27.30 $27.07 Atlanta area, 2018-19 100% $10,506 $11,144 Financial managers 72.80 72.84 80% $5,222 $5,081 $9,047 $7,230 60% General and operations managers 59.99 60.45 $8,233 $8,047 $9,862 $10,507 40% Computer systems analysts 45.29 47.61 20% $21,233 $20,386 0% Customer service representatives 17.73 18.51 Atlanta area United States All other items Construction laborers 16.51 20.67 Healthcare Personal insurance & pensions Food Retail salespersons 13.86 14.87 Transportation Housing Source: U.S. BLS, Consumer Expenditure Survey. Source: U.S. BLS, Occupational Employment and Wage Statistics, May 2020. Employer costs per hour worked for wages and Over-the-year changes in wages and salaries selected employee benefits by geographic division 12-month percent changes in ECI Private industry, South Atlantic United March 2021 (1) States 5.0 Total compensation $34.23 $36.64 4.5 Wages and salaries 24.73 25.80 4.0 3.5 Total benefits 9.50 10.83 3.0 Paid leave 2.56 2.72 2.5 Vacation 1.32 1.39 2.0 Supplemental pay 1.06 1.27 1.5 Insurance 2.29 2.83 1.0 Retirement and savings 1.06 1.25 0.5 0.0 Legally required benefits 2.53 2.77 Jun-18 Jun-19 Jun-20 Jun-21 (1) The states that compose the South Atlantic census division are: DE, DC, FL, GA, MD, NC, SC, VA, and WV. Atlanta area United States Source: U.S. BLS, Employer Costs for Employee Compensation. Source: U.S. BLS, Employment Cost Index. Southeast Information Office • [email protected] • https://www.bls.gov/regions/southeast • 404-893-4222.

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