Category: Economics

Unemployment: how the states line up

The Bureau of Labor Statistics not only publishes the nationwide employment data each month, but the agency also breaks the numbers down by region and by state. Click here for the current BLS release. An excerpt: Nevada continued to record…

AJC investigative series to look at Savannah Harbor dredging claims

The AJC announced today that the paper will publish a three-part series next week looking at claims regarding the long-proposed, much-studied, and much-debated Savannah Harbor Expansion Project. I have written a lot on the subject, and was one of the…

Gallup: Percentage of uninsured varies widely across the country

I don’t know how long it will be before the Supreme Court rules on the constitutionality of the individual mandate and on so-called Obamacare generally, but there’s no escaping the problems posed by the high numbers of uninsured Americans. Take…

Economist Robert Shiller: We may never see rebound in home prices in suburbs

If you’re interested in the cultural and financial ramifications of the housing bust, this Q&A with Robert Shiller (of Case-Shiller) is absolutely worth a watch. He notes that we could be in a long Japan-like slump and that we could…

Atlanta gets hammered in Case-Shiller home price data for January

From Standard & Poors’ release of the Case-Shiller Home Price Indices 10- and 20-City composites: Both composites saw price declines of 0.8% in the month of January. Sixteen of 19 MSAs also saw home prices decrease over the month; only…

Bank failure Friday yet again in Georgia

From the FDIC press release: Covenant Bank & Trust, Rock Spring, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered…

Backus Cadillac site redevelopment takes a big step forward

The not-officially-named “grocery anchor” and new commercial development on Victory Drive at the old Backus Cadillac site moved ahead today. (As I have discussed before, all indications are that the grocery store will be a Whole Foods.) Savannah City Council…

Econbrowser: Why gas prices vary so much from state to state

The question of national variations in pump prices came up after a recent post in which I quoted Parker Companies CEO Greg Parker talking about the reasons for increasing gas prices. Well, check out the post Why do gasoline prices…

Has Atlanta economy turned a corner? New study shows strong job growth compared to other metros

Job growth in Georgia is going to be a key element to watch in 2012. The state benefited in recent weeks from significant upward revisions of some of the data from late last year. I’ve been very negative about the…

“The New Suburban Poverty”: will it change the way we define the American dream?

More on a theme that I’ve written about before. I don’t agree with every single word in this piece, but I highly recommend The New Suburban Poverty in the NYT, written by Lisa McGirr, professor of history at Harvard and…

Georgia tax overhaul raises some big questions — and could prove costly for local governments across the state

I posted earlier today about the suddenness with which the Georgia legislature has pushed some major changes to the tax code. The measure — HB 386 — was exempt from the ordinary rule for bills to be approved by at…

More good economic news in latest Philly Fed data

The Philadelphia Federal Reserve Bank’s coincident index of economic activity for January provides a promising picture for virtually the entire U.S. From the press release: The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states…

At the last minute, tax “reform” might be passed by Georgia legislature — including sales tax on online purchases

[UPDATE: Click here for a more recent post on this subject.] The most important business conducted in this year’s Georgia legislative session might be wrapped up at almost the last minute. It looked for the last two and a half…

Job growth: public sector vs. private sector

A couple of months ago, I actually sent an email to Calculated Risk hoping that he would break down the job growth numbers for both private and public employment. The most recent recession was one of the few times (other…