In a recent post to Peach Pundit, I noted that the state of Georgia saw job growth of 2.1 percent over the past year, but those gains have been clustered in the Atlanta metro area.
So that’s not such good news for Savannah and for other metro areas that are seeing job growth that’s too slow even to keep up with population growth.
But the relatively robust gains in the Atlanta area are good news for the state of Georgia as a whole and for the state’s revenues in the months ahead.
The Federal Reserve Bank of Philadelphia’s coincident economic index relies largely on employment data, and that analysis shows the robust conditions in Georgia and some other states:
Georgia also looks good in the Philly Fed’s leading index, but the latest report is from August, so it’s not as reliable as it could be (lots of government data was delayed by the shutdown).