Metro Atlanta posts strong job growth in November

From the Henssler Financial Studio this is your news minute on the Gwinnett Daily Post Podcast presented by Engineered Solutions of Georgia. Today is Monday, January 1st, and I'm Keith Ippolito.

Metro Atlanta posts strong job growth in November

In a notable development, the jobless rate in metro Atlanta dipped to 4.2% in November, compared to 4.3% the previous month. The data, provided by the State Department of Labor, indicates a solid job market, especially in the retail and hospitality sectors, reflecting a boost in shopping, dining, and entertainment activities.

This year, Atlanta's economic resilience has been conspicuous, attracting talent from across the state and contributing to the majority of new jobs in Georgia. The growth in the job market exceeded expectations, contradicting earlier predictions of an economic downturn. However, certain companies, including FAB Precision Sheetmetal and Truist Bank, have announced layoffs and branch closures, underscoring challenges within specific sectors.

Despite these variations, Atlanta's job base grew by 2.47% over the past year, outpacing both the state and national growth rates. With an unemployment rate of 4.2%, the city continues to demonstrate its economic vitality. Stay tuned for further updates on metro Atlanta's dynamic job market.

For more news about our community, visit gwinnettdailypost.com. For the Gwinnett Daily Post Podcast, I'm Keith Ippolito.

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