Georgia's monthly job growth positive despite cautions about 2013The 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.
While Dhawan’s forecast for 2013 is not encouraging, the monthly jobs report is good news.