Savannah Chamber

58 Savannah Area Chamber of Commerce 2020 Economic Trends 8 Employment (By Place of Work) By Sector The Savannah MSA workforce increased 0.9% to 185,400 workers from 2018 to 2019. This represents a post- recession high water mark. Several sectors experienced significant growth in 2019, reflecting healthy business conditions in the region: information (+100 jobs, 5.6% growth), manufacturing (+1,000 jobs, 5.5% growth), and federal government (+100 jobs, 3.4% growth), and wholesale trade (+200 jobs, 3.1% growth). Nearly all sectors experienced growth from 2018 to 2019 except for professional and business services (-1,500 jobs) and state and local government (-300 jobs). Employment – Annual Averages Savannah MSA Industry 2013 2014 2015 2016 2017 2018 2019 Change 2013-19 Change 2018-19 Total Non-Farm* 160,100 165,400 171,700 175,900 179,100 183,700 185,400 15.8% 0.9% Construction, Mining, & Logging 5,600 5,900 6,400 6,900 7,500 8,600 8,800 57.1% 2.3% Manufacturing 15,200 16,400 17,500 17,100 17,300 18,300 19,300 27.0% 5.5% Wholesale Trade 6,100 6,100 6,000 6,200 6,300 6,400 6,600 8,2% 3.1% Retail Trade 18,800 19,800 20,600 21,500 21,900 22,200 22,700 20.7% 2.3% Transportation & Utilities 9,900 11,100 11,200 12,300 12,700 13,900 14,100 42.4% 1.4% Information 1,400 1,800 1,900 1,800 2,200 1,800 1,900 35.7% 5.6% Financial Activities 6,400 6,400 6,500 6,500 6,300 6,400 6,500 1.6% 1.6% Professional & Business Services 19,200 19,300 19,000 19,900 20,900 21,400 19,900 3.6% -7.0% Education & Health Services 24,300 24,300 25,300 26,200 26,500 26,200 26,700 9.9% 1.9% Leisure & Hospitality 22,500 24,000 25,300 26,000 26,100 26,600 27,200 20.9% 2.3% Other Services 7,000 7,100 7,200 7,300 7,300 7,300 7,300 4.3% 0.0% Government – Federal 3,000 2,800 2,900 2,900 2,900 2,900 3,000 0.0% 3.4% Government – Local & State 20,600 20,600 20,700 21,300 21,400 21,800 21,500 4.4% -1.4% Source: U.S. Department of Labor, Bureau of Labor Statistics, State and Area Employment, Hours and Earnings (2019 data are annualized seasonally adjusted through October.) Retrieved at www.bls.gov on 11/26/2019. * NOTE: BLS data are benchmarked and revised annually; data for 2013-2018 have been updated to reflect these changes. Where the Jobs Are Nearly all post-recession job growth in the Savannah MSA has occurred in the private sector. Since 2013, employment in leisure/hospitality and education/health services has grown to become the largest segments of the regional economy. Other notable growth since 2013 has occurred in transportation/utilities, reflecting very strong growth in cargo handling at the Georgia Ports Authority terminals. Five sectors hold similar proportions of total employment in the Savannah MSA, further attesting to the area's healthy, diverse industry mix: leisure and hospitality (14.7%), education and health services (14.4%), retail trade (12.2%), state and local government (11.6%), and professional and business services (10.7%). Manufacturing accounts for 10.4% of the area's jobs.

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