Savannah Chamber

52 Savannah Area Chamber of Commerce 2019 Economic Trends 7 Demographics: Employment (By Place of Residence) Employers in Savannah's six-county combined metropolitan statistical area have access to a diverse labor force of approximately 250,000 qualified, talented workers. The area's universities, technical colleges and Workforce Investment Board programs offer Savannah-area employers and students an excellent selection of educational and training resources to meet their current and future needs. Additionally, students at universities and technical colleges may qualify to finance their education with Georgia's HOPE Scholarship and HOPE grant. Employment in the last few years in the Savannah MSA and CSA reflects a healthy growing economy. CSA labor force employment increased in 2018 (annualized, based on YTD through October) by 5,197 jobs. This is a 2.1% increase in CSA employment. From 2017 to 2018, the MSA experienced an increase of 2,897, a 1.6% gain. The Savannah MSA unemployment rate decreased from 4.4% in 2017 to an annualized rate of 3.7% (in data available through October 2018), falling below the Georgia unemployment rate of 4.1%. Source: U.S. Department of Labor, Bureau of Labor Statistics, "Local Area Unemployment Statistics" and GSU Center for Business Analytics and Economic Research. *2018 is annualized average of seasonally adjusted data through October. Source: U.S. Department of Labor, Bureau of Labor Statistics, "Local Area Unemployment Statistics" and GSU Center for Business Analytics and Economic Research. *2018 is annualized average of seasonally adjusted data through October. 125,000 150,000 175,000 200,000 225,000 250,000 275,000 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Savannah Labor Force Employment Employment (LAUS) Savannah MSA Sav/Hinesville/Statesboro CSA 3% 4% 5% 6% 7% 8% 9% 10% 11% 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018* Savannah and Georgia Unemployment Rate Savannah MSA Georgia

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