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