Source: Atlanta Business Chronicle
Atlanta’s recovery from the economic impact of the COVID-19 pandemic will outpace the nation’s in 2021, driven by the metro area’s educated workforce, consistent business development and innovation, above-average population growth and strong housing market, according to the Selig Center for Economic Growth’s Georgia Economic Outlook 2021, released earlier this month.
The Center, at University of Georgia’s Terry College of Business, conducts economic, demographic and other research across the state of Georgia, including the 38th edition of its yearly outlook report.
Among the 2021 report’s findings are that they pace of job growth in metro Atlanta will be 1.7%, almost double the 0.9% gain expected for the nation. This is in part due to the area’s high-wage industries including within technology and healthcare, and mid-wage industries such as general medical and surgical hospitals, and building equipment contractors.
Atlanta has many high-tech jobs: 5.9% of total employment in the Atlanta MSA versus 4.4% for Georgia and 5% for the nation, the report states. The 29-county Atlanta metro will add 46,500 jobs in 2021.
“In 2021, the area’s high concentration of college-educated workers, business partners, cybersecurity, high-tech companies, innovation centers and research universities will continue to attract high technology companies in life sciences, software development, R&D, healthcare IT, and advanced manufacturing,” according to the report.