Georgia ranks near the bottom of the U.S. when it comes to job openings, according to a report released today by the U of T Scarborough Institute of Applied Labor Economics.
The U of S Scarborough Institute’s 2017 State Job Openings Index, published online, ranked Georgia 23rd out of 50 states, but with the help of data from the Bureau of Labor Statistics, the index was updated to reflect the number of openings for each state in the U, not the number overall.
The state is second to Alabama, which ranked at the bottom with just 17 openings, followed by Louisiana with 12, followed closely by South Carolina with 10.
Georgia ranks above all other states with an average unemployment rate of 5.5 per cent.
It’s tied for fifth place with California, which has a 4.6 per cent unemployment rate, and eighth place with Texas with 4.3 per cent, the report said.
But the report also noted that the state is far behind in terms of job openings overall.
Georgia’s total job openings stood at just over 4.2 million in January, up by 0.6 percentage points over January 2017.
The report said there are more than 1.3 million vacancies for full-time, part-time and contract jobs in Georgia, compared to just under 1 million in 2017.
The vacancy rate is still at its lowest level in decades, and the state’s vacancy rate for full time jobs stands at 5.4 per cent in January.
“With the current unemployment rate in Georgia at just 5.0 per cent and a low unemployment rate relative to other states, it is clear that the economy is struggling in the metro Atlanta area, particularly with high unemployment and low wages,” said David Marder, director of the Scarborough Institute.
“There is still some way to go to lift the economy out of this deep hole, but the state has made great progress to address some of the challenges that remain.”
While the state economy has been in recession since 2014, unemployment has remained stubbornly high.
As a result, more than one in five Georgia households is not making enough money to cover their expenses.
The state has seen an increase in the number and type of jobs being created in Georgia over the past year, but Georgia still has a long way to head.
“Marder said the state should focus on boosting wage growth.”
It’s important that Georgia get a better handle on what’s going on and where it needs to be in terms, how much wage growth is needed and where that is,” he said.”
We should also consider a return to a more competitive labor market with increased incentives to train people for a better-paying job.
In fact, there are several factors that make the labor market more competitive than it was a year ago.