2016 was an unusual year in that it was a presidential election year. There was sluggish GDP growth throughout the year and a good bit of uncertainty about the direction the economy and national election would take. In the 4th quarter jobs and wage growth accelerated but a divisive election increased people's concerns.
2016 macro overview
Metro Atlanta employment was strong in 2016 and is expected to be strong in 2017 adding 68,200 net new jobs. Only one other major metro had better year over year job growth. Specific to Atlanta’s job growth much of this growth was in the urban core, most expensive close in the suburbs and the Northern Perimeter.