Issue link: http://savannah.uberflip.com/i/1531156
36 9 Savannah Area Chamber of Commerce 2025 Economic Trends Employment (By Place of Residence) (Labor Force Employment) More than 283,000 qualified, talented workers contribute to Savannah's seven-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. The CSA labor force employment increased 2.1%, or 5,925 workers (annualized, based on YTD through October). From 2023 to 2024, the Savannah MSA experienced an increase of 4,400 employees, a 2.3% gain. The Savannah MSA unemployment rate increased to 3.3% (in data available through October 2024) from 3.0% in 2023. This very modest increase is partly attributed to partial normalizing of labor force activity in the post pandemic period. Nonetheless, the Savannah area labor market remains tight with high employment and re-absorption of newly unemployed workers. Source: Department of Labor, Bureau of Labor Statistics, "Local Area Unemployment Statistics" and GSU Department of Economics. 2024 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 Department of Economics. 2024 is annualized average of seasonally adjusted data through October.