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Atlanta Economic Indicators Report | Colliers Index holds steady at 8 in February

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Economic Indicators

The Colliers Index remains at an 8 once again thanks to strong local and national job growth, bullish 2020 GDP projections, and positive market fundamentals. The United States added 225,000 jobs in January, beating forecasted numbers by over 60,000 jobs. While there are still headwinds of trade and tariff uncertainty, these headwinds have been lessened from where we were a year, or even six months ago. A banner year for jobs in Atlanta combined with a steady unemployment rate and a 3.1% uptick in national average hourly earnings point towards a strong start to 2020.

Jobs - Atlanta

Atlanta finished 2019 on a high note, adding 11,800 jobs in the month of December. This was the largest December job growth dating back to the pre-recession economy. In 2019 Atlanta grew by 66,700 jobs, the best year for the metro area since 2016. While the unemployment rate rose from 2.6% to 2.7% in December, 20,000 people were added to the workforce (not all of whom found work), which accounts for that slight uptick in the unemployment rate.


Feb2020_EconomicIndicators

Atlanta Economic Indicators Report | Colliers Index holds steady at 8 in February

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Scott Amoson

Director - Research

Atlanta

Scott is the Director of Research for Colliers International in Atlanta, Georgia.  In his role, Scott supports all of the company's brokers in the Atlanta office.  He also manages the Research Associate in the company, and mentors an intern annually during the summer.

Scott began his real estate career in 2000 as a research assistant with Richard Bowers & Co., a local brokerage firm.  He joined Colliers International in Atlanta in 2003.  Scott specializes in aiding the company's clients with geographical, informational and analytical research.  With his extensive knowledge, he provides customized research data including:  market trends, lease and sales comparables, plats/ownership information, demographics, prospect information and economic information.  In addition to supporting the company's brokers and staff, his other responsibilities include compiling and writing quarterly market and submarket newsletters, maintaining the company's internal database of over 10,000 sales and lease transactions, and tracking news/trends related to Atlanta's commercial real estate market.  He is frequently called upon by local news sources for his knowledge and expertise of real estate matters in Atlanta.

As a member of the Colliers International Research Council, he advises on quarterly conference calls and provides valuable input on matters directing the research platform for Colliers International.  Scott was recently selected as the Research Ambassador for the Southeast Region as a part of Colliers International's Centers of Excellence platform.

Scott is a native of Atlanta, and enjoys spending time with his wife Lupe and daughter Sienna.  He is an avid golfer and loves vacationing with family.

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