When will the 200,000 jobs that metro Atlanta lost in the recession return?
2014? 2015? 2016?
A national report and local economists can’t seem to agree, AJC writer David Markiewicz reports.
On Monday, a national report prepared for the U.S. Conference of Mayors said the region won’t return to pre-recession employment levels for three more years, Markiewicz writes.
As sobering as that is, local economists insist it likely will take longer than that, with jobs unable to bounce back until 2015 or 2016 — making for a lost decade for workers, Markiewicz reports.
“I would call that optimistic,” UGA economist Jeff Humphreys said of the report’s 2014 projection.
The metro Atlanta area and the state overall will lag behind others largely because of the bottoming out of the construction industry, which helped fuel the region’s growth, Humphreys said.
The Atlanta-Sandy Springs-Marietta metro market, the report showed, reached its pre-recession employment peak in the third quarter of 2007, then lost 218,000 jobs, for an 8.9 percent decline, Markiewicz reports.
Also in the AJC:
In other media:
- Henry Unger, The Biz Beat
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