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52 Savannah Area Chamber of Commerce 2021 Economic Trends 8 Employment (By Place of Work) By Sector The Savannah MSA workforce decreased 3.7% to 179,780 workers from 2019 to 2020. Many sectors experienced decline in 2020, reflecting cutbacks brought about by the Covid-19 pandemic: Leisure & Hospitality (-5,200 jobs, a decrease of 19%), Information (-400 jobs, down 14%), and Retail Trade (-1,200 jobs, down 5.5%). Nearly all sectors experienced loss from 2019 to 2020 with the exception of Construction (+100 jobs), Federal Government (+100 jobs) and Education and Health Services (no change in employment). Employment – Annual Averages Savannah MSA Industry 2014 2015 2016 2017 2018 2019 2020 Change 2014-20 Change 2019-20 Total Nonfarm* 165,600 171,800 176,100 179,300 184,200 186,600 179,780 8.6% -3.7% Construction, Mining, & Logging 5,900 6,400 6,900 7,500 8,400 8,200 8,300 40.5% 1.1% Manufacturing 16,400 17,500 17,100 17,300 18,300 18,900 18,200 11% -3.7% Wholesale Trade 6,100 6,000 6,200 6,300 6,500 6,600 6,500 6.6% -1.5% Retail Trade 19,800 20,600 21,500 21,900 22,200 21,800 20,600 4.0% -5.5% Transportation & Utilities 11,100 12,200 12,300 12,700 14,000 14,800 14,700 32.4% -0.7% Information 1,800 1,900 1,800 2,200 1,800 2,800 2,400 33.3% -14.3% Financial Activities 6,400 6,500 6,400 6,200 6,200 6,400 6,200 -3.1% -3.1% Professional & Business Services 19,300 19,000 19,900 20,900 21,800 21,500 20,700 7.3% -3.7% Education & Health Services 24,500 25,500 26,500 26,700 26,500 26,600 26,600 8.6% 0.0% Leisure & Hospitality 24,000 25,300 26,000 26,100 26,600 27,200 22,000 -8.3% -19.1% Other Services 7,100 7,200 7,300 7,300 7,400 7,600 7,200 1.4% -5.3% Government-Federal 2,800 2,900 2,900 2,900 2,900 2,900 3,000 7.1% 3.4% Government-State & Local 20,600 20,700 21,350 21,400 21,700 21,400 20,400 -1.0% -4.7% Source: U.S. Department of Labor, Bureau of Labor Statistics, State and Area Employment, Hours and Earnings (2020 data are annualized seasonally adjusted through September.) Retrieved at www.bls.gov on 11/9/2020. * NOTE: BLS data are benchmarked and revised annually; data for 2014-2019 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 2014, employment in leisure/hospitality and education/health services have grown to become the largest segments of the regional economy. Other notable growth since 2014 has occurred in transportation/utilities (+32% from 2014), 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: education and health services (14.8%), leisure and hospitality (12.2%), retail trade (11.5%), and professional and business services (11.5%), state and local government (11.3%). Manufacturing accounts for 10.1% of the area's jobs.