I make economic projections for the local economy with the turn of every new year. Back in January, I talked about two different scenarios: a continuation of slow growth or a much darker version in which the economy slides back…
Tag: Employment
Thoughts on the Wall Street / Main Street disconnect
First, a disclaimer: I’m not a stock market expert and NO ONE should take my thoughts on stock values as a basis for ANY type of trading. I remember where I was when the Dow peaked in early October 2007.…
More on Friday’s terrible jobs report
I already posted yesterday about June’s terrible jobs data from the Bureau of Labor Statistics that showed anemic job growth in America of 18,000. The private sector added 57,000 jobs last month — a pretty poor showing considering the economy…
Weak job numbers for June; U.S. economy added 18,000 jobs
I was prepared to write an upbeat post this morning about some of the week’s economic data, including this morning’s jobs report, which was widely expected to show a respectable increase. Those expectations were based on some pretty good data…
From the About-Damned-Time Dept., Ga. econ. development official focuses on jobs
From today’s Savannah Morning News, reporter Mary Carr Mayle brings us some good news: Jobs the top priority for state’s new commissioner of economic development: As a new state administration begins to settle in, Chris Cummiskey, Gov. Nathan Deal’s choice…
Savannah metro area unemployment up slightly in May
The dark picture for employment has been a running theme of my writing for a while now. So regular readers will not be surprised that the Savannah metro area’s not-seasonally-adjusted unemployment rate for May was slightly higher than April (which…
AJC’s hard look at job losses: 2016 before Savannah reaches 2007 levels
If you ignore it, it will go away. Or maybe: If you blame everything on the federal government, you won’t have to take any responsibility. Those seemed to be the prevailing strategies of Georgia leaders as the recession pummeled the…
Washington Post tackles increasing income inequality in America
The Washington Post today has published a major piece about growing income disparity in America: With executive pay, rich pull away from rest of America. I guess it should go without saying, but I’ll say it anyway: an economy dependent…
Extended excerpts of Fed Chairman Bernanke’s speech in Atlanta Tuesday
Well, I guess I’m officially in the camp of those who think a) that policymakers are overestimating the resiliency of the recovery and b)that the Fed is erring in its decisions not to take additional measures to boost the economy.…
The strong linkage between new construction and unemployment
For this post, I’m looking at graphs and data from Calculated Risk here and here. The first graph comes with the following description: Credit: Professor Amir Sufi. “This maps the unemployment rate in a state in 2010q4 against the percentage…
Economist Rajeev Dhawan sees continued slow growth for Georgia
A few days ago, I made the case for a double-dip recession. Yesterday, in a smart piece in the AJC, Georgia State University economist Rajeev Dhawan — who has been right more often than not about the weakness of the…
About today’s bad job numbers . . .
In a post yesterday, I talked at some length about signs that could indicate we are entering a new (double-dip) recession right now. Check it out here. Today, the Bureau of Labor Statistics monthly data showed sharply lower job growth…
Serious signs of a double-dip recession beginning
The National Bureau of Economic Research’s Business Cycle Dating Committee takes its time. It wasn’t until December 2008 that the NBER declared firmly the the recent recession began in December 2007. And it wasn’t until September 2010 that the NBER…
Savannah metro area unemployment rate up slightly in April compared to year ago
Another bit of dreary news for the Savannah economy, although the Georgia Department of Labor is once again trying to put a positive spin on it. The Savannah metro area’s unemployment rate “decreased” from 8.6% in March to 8.5% in…