Atlanta, GA – January 2024 Jobs Market Report – Steady Growth amid National Gains

Atlanta’s job market maintained stable momentum in January 2024, mirroring the national trend of solid expansion. While not experiencing the explosive growth seen in some other metros, Atlanta’s consistent gains point to a healthy and diverse economy.

Highlights:

  • Total nonfarm payroll employment: Increased by 2.7%, adding 15,900 jobs.
  • Unemployment rate: Held steady at 3.5%, remaining slightly below the national average (3.7%).
  • Wages: Grew by 4.3% year-over-year, surpassing the national average (4.0%).

What Industries and Occupations Grew:

  • Professional and business services: Added 5,500 jobs, led by roles in management consulting, legal services, and finance.
  • Trade, transportation, and utilities: Gained 2,400 jobs, primarily in warehousing and transportation sectors.
  • Leisure and hospitality: Saw an increase of 1,800 jobs, driven by the rebounding tourism industry.
  • Fast-growing occupations: Software developers, registered nurses, marketing specialists, financial analysts, and customer service representatives.

What Industries and Occupations Shrank:

  • Information: Lost 800 jobs, mainly in telecommunications and broadcasting sectors.
  • Manufacturing: Declined by 600 jobs, concentrated in durable goods production.
  • Declining occupations: Newspaper reporters, editors, telecommunications equipment operators, and textile machine operators.

Compare to Same Month Last Year:

  • Atlanta’s job growth outpaced the national average (2.1%) for the second consecutive month.
  • Unemployment rate remained lower than January 2023 (4.0%).
  • Wage growth accelerated compared to the previous year (3.8%).

Compare to Previous Month:

  • Job gains were slightly lower than December 2023 (3.1%).
  • Unemployment rate remained unchanged.
  • Wage growth maintained the same pace as the previous month.

Future Outlook:

Atlanta’s job market is expected to continue expanding in 2024, driven by its diverse economy, growing population, and major infrastructure projects. However, potential headwinds such as rising interest rates and inflation could moderate growth later in the year.

10 Growing Occupations:

  1. Software Developers, Applications
  2. Registered Nurses
  3. Marketing Specialists
  4. Financial Analysts
  5. Customer Service Representatives
  6. Physician Assistants
  7. Sales Representatives, Wholesale and Manufacturing
  8. Home Health and Personal Care Aides
  9. Truck Drivers, Heavy and Tractor-Trailer
  10. Operations Research Analysts

10 Companies Hiring Now:

  1. Delta Air Lines
  2. The Home Depot
  3. Emory Healthcare
  4. Bank of America
  5. Wells Fargo
  6. United Parcel Service (UPS)
  7. Amazon
  8. NCR Corporation
  9. Cox Enterprises
  10. PulteGroup

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