Many US states have lost millions of jobs in the face of the ravaging economic situation, and Atlanta was no different. Over 20,000 jobs were lost since the start of the pandemic. As the country's economy begins to make a comeback, more industries have started to resume operations. This is good news for the whole nation. Atlanta, to be specific, has been relatively stable since the countrywide lockdown began in 2020. Atlanta's unemployment rate fell to 6% in August 2020, unlike other states in the country. However, economic experts have predicted that Atlanta will experience the fastest economic recovery; this will be significant for the State's overall job market.
Indeed, Atlanta's job market is set to grow by 1.5 %, which is more than the entire country's expected growth. Atlanta has industries that decent wages for employees. From health care to technology, Atlanta's industries offer the best salaries to employees. Of course, this has dramatically contributed to its significant growth. Generally, many high-value jobs are available in Atlanta, which presents a robust job market. Coming off the effects of COVID, most high-tech industries have lots of vacancies for many job-seekers. Yes, it requires many employees to fill these vacancies. Further, academic institutions in Atlanta have provided the job market in the area with skilled labor in data science, cybersecurity, and engineering. Therefore, various industries in Atlanta are in line to absorb this qualified labor pool, increasing demand for the market.
Some world-famous companies such as Microsoft and Toyota have set up shops in Atlanta, which has proved to be great news for Atlanta residents. The sprouting of such renowned brands has come with hundreds of jobs in the Atlanta job market. For instance, Amazon's recent development of a fulfillment center in Atlanta came with hundreds of job vacancies requiring machine operators, truck drivers, and supervisors. Many businesses in Atlanta have adopted measures to curb the spread of the virus, and one of these is the concept of remote working. Companies in Atlanta have given employees options of working on the premises or remotely. This has resulted in more people getting jobs remotely while improving productivity. Actually, the idea of working from home has dramatically contributed to Atlanta's drop in unemployment numbers, and this will continue to help Atlanta's job market in the future.
You can guess this: The COVID vaccine rollout also promises to be a blessing to Atlanta's job market. Experts in the area predict that Atlanta's job market will thrive even more once the residents start getting the jabs. Many businesses are waiting for the vaccine rollout to resume operations fully; this will-likely happen soon. The healthcare industry, in particular, promises to make significant recoveries. Due to the pandemic, the healthcare labor force took a hit. Once the vaccine arrives, this will undoubtedly change. The manufacturing and retail sectors will pick up immensely since the two are mostly labor-intensive.
Consider this: The Hartsfield Jackson International Airport in Atlanta closed down due to the pandemic affecting job prospects. The reopening of this airport is excellent news, as the workers will resume work. Also, Atlanta's diligent officials have scheduled renovations for the local airport. These improvements will make the airport a better working environment for employees and travelers who use the airport. Research and development institutions will have a significant impact on Atlanta's job market. COVID has boosted research and development efforts all over the country- Atlanta is no different. Of course, Research is crucial in predicting economic trends such as inflation and policy effectiveness. Therefore, research institutes in Atlanta are set to recruit people to fill critical positions in these institutes. Further, Atlanta's educational institutions are ready to provide an ideal supply of labor to these institutions.
Ultimately, Atlanta's officials have put in measures to ensure more jobs are created and sustained. In the recent budget allocation, Atlanta's officials allocated about $1 million to the Equitable Grant program, creating more jobs. Also, a similar amount of money is now allocated to Atlanta's Pre Diversion program's (PAD) budget. This arrangement has been put in place to promote the employment of more people who have substance abuse tendencies, and at the same time, offer essential counseling and treatment services. In the end, more people struggling with addictions have the tools necessary to work and eke out a living while also getting the needed help.