December 2014 – Augusta’s Labor Market Strongest in the State of Georgia

12/11/2014

In October, the Hull College of Business Augusta Leading Economic Index (LEI) increased 0.8% from September. The index has increased 4.9%% from October 2013. This represents eight consecutive months of growth. All the variables included in the index, except housing permits, moved in a favorable direction. This sustained increase in the LEI is reflected in the strongest labor market in Georgia! In the 12 months to October 2014 Augusta employment has increased by 3.5% from October 2013. 2015 should be a Happy New Year!

 

MSA Employment growth
Augusta 3.5%
Gainesville 3.0%
Atlanta 2.4%
Savannah 2.0%
Rome 1.5%
Brunswick 1.0%
Macon 1.0%
Valdosta 0.6%
Hinesville 0.5%
Athens 0.4%
Columbus 0.2%
Warner Robins -0.2%
Albany -0.3%
Dalton -0.3%
GEORGIA 2.4%

Source: James M. Hull College of Business at Georgia Regents University
Author: Simon Medcalfe/Associate Professor of Finance
Date: 12/11/2014