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Atlanta Economic Outlook | September 2020

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Atlanta's economy and the Colliers Index remains steady for the month of September, holding in the yellow range at 4.

The employment situation in August came in at 1.4 million jobs gained with the national unemployment rate dropping 8.4%. While this shows yet another strong period of gains for the economy, the number of permanent job losses increased to 3.4 million (up 2.1 million since February); additionally weekly jobless claims remain elevated. Locally, metro Atlanta's economy saw positive job growth in July; however, the increase dropped significantly from the months of May and June. Most importantly though, increases in the workforce, alongside a falling unemployment rate, suggest continued recovery and a positive economic outlook for the Atlanta metro region. Unemployment claims were down 20% in July.

Current Market Conditions

Football is back!... Sort of? But with its return, we head into the final months of the year, and a fall like no other. School systems and colleges/universities have reopened with no serious spikes as of yet in COVID-19 infections. Still, the upcoming flu season, combined with the ongoing pandemic, will pose a huge challenge to the economy. For now, it is business as usual with hopes of continued progress. 


As the Q2 GDP figure is now in the books at a revised -31.7%, the focus shifts to another highly anticipated figure: Q3. Currently, projections range between +29.0% to +35.0%.


Following record highs in all indices, recent market volatility has taken hold in the stock market as investors take profits from the V-shaped recovery here.

Atlanta Economy

With continued momentum, economic activity in the metro Atlanta region prospers. Economic leaders have touted current pipelines being greater than levels pre-pandemic.


Atlanta Economic Outlook | September 2020

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