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36 Savannah Area Chamber of Commerce 2022 Economic Trends 8 Employment (By Place of Work) By Sector The Savannah MSA workforce increased 5.5% to 190,455 workers from 2020 to 2021. Many sectors experienced a rebound in 2021, reflecting the reopening of the economy: Professional & Business Services (+4,700 jobs, up 19.7%), Leisure & Hospitality (+2,500 jobs, an increase of 11.1%) and Transportation & Utilities (+2,100 jobs, up 13.6%). Many sectors experienced an increase from 2020 to 2021 with the exception of Government-State & Local (-500 jobs), Government-Federal (-200 jobs) and Information (-100 jobs). Employment – Annual Averages Savannah MSA Industry 2015 2016 2017 2018 2019 2020 2021 Change 2015-21 Change 2020-21 Total Nonfarm* 173,000 177,700 180,800 185,800 189,900 180,500 190,455 10.1% 5.5% Construction, Mining, & Logging 6,400 6,900 7,500 8,400 8,200 8,400 8,600 34.4% 2.4% Manufacturing 17,500 17,100 17,300 18,300 18,700 17,500 17,800 1.7% 1.7% Wholesale Trade 6,000 6,200 6,300 6,500 6,500 6,400 6,500 8.3% 1.6% Retail Trade 20,600 21,500 21,900 22,200 22,100 22,100 21,100 2.4% -4.5% Transportation & Utilities 12,200 12,300 12,700 14,000 14,800 15,400 17,500 43.4% 13.6% Information 1,900 1,800 2,200 1,800 2,800 1,800 1,700 -10.5% -5.6% Financial Activities 6,500 6,400 6,200 6,200 6,400 6,100 6,000 -7.7% -1.6% Professional & Business Services 20,200 21,600 22,400 23,400 24,200 23,900 28,600 41.6% 19.7% Education & Health Services 25,500 26,500 26,700 26,500 26,700 26,000 26,500 3.9% 1.9% Leisure & Hospitality 25,300 26,000 26,100 26,600 27,100 22,500 25,000 -1.2% 11.1% Other Services 7,200 7,300 7,300 7,400 7,600 7,000 7,200 0.0% 2.9% Government-Federal 2,900 2,900 2,900 2,900 2,900 3,100 2,900 0.0% -6.5% Government-State & Local 20,700 21,350 21,400 21,700 21,800 21,500 21,000 1.4% -2.3% Source: U.S. Department of Labor, Bureau of Labor Statistics, State and Area Employment, Hours and Earnings (2021 data are annualized seasonally adjusted through November.) Retrieved at www.bls.gov on 12/15/2021. * NOTE: BLS data are benchmarked and revised annually; data for 2015-20 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 2015, employment in professional/business services and education/health services have grown to become the largest segments of the regional economy. Other notable growth since 2015 has occurred in transportation/utilities (+43% from 2015), 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: professional and business services (15%), education and health services (13.9%), leisure and hospitality (13.1%), retail trade (11.1%), state and local government (11%). Manufacturing accounts for 9.3% of the area's jobs.