Community maintains lowest unemployment rate for the 35th consecutive month
(Gwinnett/Metro Atlanta News) April 17, 2012- Partnership Gwinnett, the metro Atlanta economic and community development initiative, announced today that the County’s jobs and wages are on the rise. According to the U.S. Bureau of Labor Statistics, wages in Gwinnett County rose by 8.0% year-over-year through September 2011, a percentage increase that ranks 24th out of the nation’s 323 largest counties. In addition, the community experienced 2.4 percent job growth year-over-year, which led all large counties in the state of Georgia. Gwinnett continues to experience significant success in economic recovery as both the labor force and the number of residents employed each expands.
Monthly unemployment figures from the Georgia Department of Labor also revealed that Gwinnett has had the lowest unemployment rate among the 5 core metro Atlanta counties of Clayton, Cobb, Dekalb and Fulton for 35 consecutive months, from April 2009 through February 2012, according to preliminary numbers. Gwinnett’s unemployment rate dipped below 8 percent in November and December 2011. Prior to November 2011, Gwinnett had not had an unemployment rate lower than 8% since January 2009. Gwinnett’s preliminary unemployment rate for February 2012, the most recent month for which figures are available, is 8.0 percent.
These numbers support the ongoing economic development efforts of Partnership Gwinnett- led by the Gwinnett Chamber and a host of public and private investors, this initiative targets the retention and expansion of existing Gwinnett businesses in addition to developing new business in key market segments. The ultimate goal of the initiative, now it its second 5-year strategy implementation, is to promote economic wealth & diversification, support education and workforce excellence and improve the quality of life for the entire Gwinnett community.
“Working together over the past five years, the public and private sectors have implemented the Partnership Gwinnett community and economic development strategy. This good news about job and wage growth speaks to the success of our continued efforts to strengthen our local economy and bring jobs to the Gwinnett community.” said Gwinnett County Chairman Charlotte Nash.
“These trends not only reflect our successful efforts, but moreover, they demonstrate the dedication of public and private partners who have committed their financial resources, time and energy to community economic development,” said Nick Masino, Senior Vice-President of Economic Development and Partnership Gwinnett at the Gwinnett Chamber. “The continued recovery and growth of the local economy will positively impact not only our community, but our region as a whole as a whole as we move forward in strategic implementation.”