More on a trend that I’ve been following relatively closely and writing about periodically. From Time’s The Great Debate: Do Millennials Really Want Cars, or Not? (with emphasis added): The latest data from the University of Michigan’s Transportation Research Institute…
Category: Economics
Georgia’s unemployment rate now 5th worst in the nation, Savannah job growth stagnating, and other bad employment news
In a number of my City Talk columns in recent months, I’ve mentioned a crucial paradox: the downtown area in Savannah is attracting major investment, but local employment has been stagnating. Consider: Whole Foods and Kate Spade just opened, Anthropologie…
Analyst suggests little immediate impact of Panama Canal expansion on East Coast ports
From the Jacksonville Business Insider’s Panama Canal expansion might not impact East Coast immediately: Mark Szakonyi, an associate editor with the Journal of Commerce and former Business Journal logistics reporter, […] spoke Monday to Jacksonville’s Council of Supply Chain Management…
Calculated Risk takes a look at U.S. population distribution by age, 1900-2060
Bill McBride at Calculated Risk is fairly optimistic about the United States’ economic future. His position isn’t based on a sunny disposition — in fact, McBride was one of the first public commentators warning about the housing bubble and the…
Another solid employment report: U.S. added 162,000 jobs in July
From the Bureau of Labor Statistics: Total nonfarm payroll employment increased by 162,000 in July, and the unemployment rate edged down to 7.4 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in retail trade, food services and…
Good news for The Coastal Bank as FDIC lifts consent order
I’ve written a fair bit over the last couple of years about banking problems, so it’s been kind of a relief — and a bit of a surprise — to see the steady unwinding of the aggressive FDIC actions that…
New “insights” for Facebook pages — another reason for businesses to rethink social media presence
I wrote a City Talk column recently about the weak and ineffective presence that many small businesses have on Facebook. Businesses — including bands, nonprofits, and other organizations — make all sorts of poor choices in their use of Facebook,…
Charleston op-ed: “Facts steer Savannah away from cruise folly”
Kent Harrington, co-founder of Be Smart Savannah, has a provocative and well-written op-ed in today’s Charleston Post & Courier: Facts steer Savannah away from cruise folly. Harrington notes a variety of reasons why smaller markets like Savannah should beware of…
Per capita income in Georgia now 40th in nation, down from 25th in 2001
Some ugly but unsurprising data today. From Georgia down to 40th in per capita income at the Athens Banner-Herald: Federal data shows Georgia is now 40th among the states. Georgia has been declining since measuring 25th in 2001. The Atlanta…
More on the employment recovery and the labor force participation rate
An earlier post noted a few details from today’s relatively solid employment situation summary from the Bureau of Labor Statistics. Calculated Risk has obviously posted several updated graphs, which give a good, if very general, sense of just what’s been…
U.S. economy adds 195,000 jobs in June; unemployment rate unchanged at 7.6%
From the Bureau of Labor Statistics: Total nonfarm payroll employment increased by 195,000 in June, and the unemployment rate was unchanged at 7.6 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in leisure and hospitality, professional and…
Time for Savannah to pull the plug on cruise ship dreams
I’d be writing about this issue for my City Talk column this coming Sunday, but apparently Savannah City Council will consider on Thursday whether to move ahead with another phase in studies regarding the viability of a cruise ship terminal…
Calculated Risk with “a few comments on dumb policy”
Calculated Risk blogger Bill McBride is one of the clearest, most pragmatic voices out there in terms of analysis of the U.S. economy. He posted some typically concise and on-the-mark commentary on Sunday: A few comments on dumb policy McBride…
The question no one is asking about cruise ships in Savannah
Next week we’ll get to take a look at a study about the viability of potential sites for a cruise ship terminal in Savannah. The study has been completed by BEA Architects, which designs such facilities, so of course the…