Savannah Chamber

57 Savannah Area Chamber of Commerce 2020 Economic Trends 7 Demographics: Employment (By Place of Residence) Approximately 250,000 qualified, talented workers contribute to Savannah's six-county combined metropolitan statistical area enabling employers with access to a diverse labor force. 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, moderately growing economy. CSA labor force employment was nearly stable in 2019 (annualized, based on YTD through October). From 2018 to 2019, the MSA experienced an increase of 305 employees, a 0.2% gain. The Savannah MSA unemployment rate decreased from 3.6% in 2018 to an annualized rate of 3.4% (in data available through October 2019). This decrease maintains Savannah's trend below Georgia's unemployment rate of 3.7%. Source: Department of Labor, Bureau of Labor Statistics, "Local Area Unemployment Statistics" and GSU Center for Business Analytics and Economic Research. *2019 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. *2019 is annualized average of seasonally adjusted data through October.

• Cover