Atlanta Market Report
Atlanta’s Status as Regional Distribution Hub Mitigates Impact of Health Crisis; Long-Term Demographic Outlook Attracting Out-of-State Investors
Aggressive reopening places Atlanta ahead of nation. Georgia allowed businesses to reopen before any state that had shelter-in-place orders, though some cities within the Atlanta metro maintained stricter regulations for a longer period to keep slack in the healthcare system. As a result, the unemployment rate of 6.2 percent in August was 220 basis points below the national rate. More than half of jobs have been recovered over the course of four months and several sectors have nearly recovered all positions, including construction; trade, transportation and utilities; and education and health services. Approximately half of the job losses are concentrated in the leisure and hospitality, and professional and business services sectors, which still need to recoup nearly 90,000 jobs.