Corporate Jobs Making a Comeback with Atlanta Leading the Way11/30/2018 | Globe St
ATLANTA — Recent job growth in just one quarter equaled nearly the entire first half of the year. That growth rate will slow but Atlanta will account for nearly 70 percent of it.
That was the prediction from Rajeev Dhawan, a nationally recognized economist and director of the Economic Forecasting Center at Georgia State.
He also predicted Atlanta housing permitting activity in 2018 will increase 10.8 percent, fall 3.8 percent in 2019 and increase 0.4 percent in 2020.
“In the first six months of 2018, the Peach State saw job gains of 35,600, just slightly above the same period last year,” Dhawan said in the college’s quarterly forecast.” However, in the third quarter alone, employment increased by 35,900 jobs due to the return of corporate job creation.”
In the first half of 2018, job creation in high-paying sectors, such as corporate, wholesale, transportation and information, moderated sharply and posted a decline of 2,300 jobs. This was in stark contrast to strong job creation in domestic demand-driven sectors, such as retail trade and hospitality and others, which gained 38,000 jobs.
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