Georgia's monthly job growth positive despite cautions about 2013

The post-election economic news has not been good. There are big concerns about the “fiscal cliff” and how a still seemingly stalemated Washington will resolve the tax cut/spending cut “cliff” issue between now and the end of the year. The stock market has taken notice of this and other issues, like the continuing problems in Europe, and has been sliding.
On Thursday, Rajeev Dhawan, director of the Economic Forecasting Center at Georgia State University, painted a dim picture of the state’s economic recovery for 2013. The good news -- he forecasts “2014 will be fabulous.”
In 2014 he forecasts enough jobs growth to speed up the economic recovery and allow us to hopefully forget the great recession.
While Dhawan says we are another year away from significant recovery, there was a tad of good news coming from the Georgia Labor Department Thursday which reported Georgia’s unemployment declined to 8.7 percent in October. That was down from 9 percent in September and 9.7 percent a year ago.
The monthly report said 36,000 new jobs were created during the month, which “is the largest September to October job increase ever,” said Labor Commissioner Mark Butler. “That job growth pushed the number of jobs in October to the highest level in any month since December 2008.”
While Dhawan’s forecast for 2013 is not encouraging, the monthly jobs report is good news.


More Opinion

Rants, Raves & Really?!?

A look back at last week’s highs, lows and whatevers: REALLY?!? Some members of the East Coweta High School Marching Band were burned ... Read More


Georgia Says

The Augusta (Georgia) Chronicle on unswerving ideals: He epitomized the expression "doing well by doing good." His chicken sandwiches made ... Read More


The president and ISIS

The greatest threat facing America is terrorism. Today, that terrorism shows its face through ISIS. They rape, torture and kill men, women a ... Read More


Take a moment

On this day in 2001, at 8:46 a.m. Eastern time, American Airlines Flight 11 crashed into floors 93-99 of the North Tower of the World Trade ... Read More


Rants, Raves & Really?!?

A look back at last week’s highs, lows and whatevers: REALLY?!? A pit bull terrier was put down after being stabbed at the local PetSm ... Read More

Georgia Says

Albany (Georgia) Herald on Internet thieves: The idea of privacy is becoming more novel by the day. Technology has changed life over the pas ... Read More