On September 7th 2016, the U.S. Bureau of Labor Statistics reported the number of job openings has grown to 5.9 million.
Further, the increase of job openings was the greatest in the private sector when compared to others.
Within the business cycle, when the amount of hires surpasses the number of separations (quits, layoffs, discharges, etc.) the employment rate increases and vise-versa.The national unemployment rate for August has remained the same at 4.9% for the third month in a row.
Georgia’s job market policies are one indicator of the state’s commitment developing a skillful workforce and high-quality job opportunities. Employment projections for Georgia’s workforce indicate a steady growth for years ahead.
According to a 2016 survey conducted by Area Development, for the third consecutive year, Georgia GA has been ranked #1 for workforce development programs and #2 for competitive labor environment.
Survey analysts found that GA’s statewide approach to economic development is successful as it integrates various industries so that each county statewide is influenced by economic development support.
On September 15th, 2016, The Georgia Department of Labor reported the state’s unemployment rate was 4.9%. This is the first time in nearly ten years that Georgia’s unemployment rate has been as low as the national rate.
Most of the fastest-growing jobs in GA can be obtained through technical colleges and high school career tech classes; however, the fastest growing jobs require at least an associate’s degree.
Under the leadership of Governor Nathan Deal, Georgia has created more than 512,000 private-sector jobs.
The private sector within the economy is the part of the system which is run by individuals or groups for profit and not controlled by the government.
The most job openings in GA are among the self-employed (childcare workers, ranchers, real estate agents), with food services, technical services, and education services trailing behind.
Although GA’s strong workforce has gained national recognition, the state still faces a dilemma similar to that of states all across the country. The Georgia workforce predicament is an effect of the large amount of job openings needed to be filled with small proportion of skill workers available to the fill the position.
Ultimately, while job openings appear to be on the rise, given that the majority of these jobs are within the private sector and thus require a specific skill set, the jobs are likely to remain unfilled positions until there are job-seekers with job-appropriate skill-sets.