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

Georgia Says

The Augusta Chronicle, Augusta, Georgia, on proposed Internet rules: Large corporations can't always be trusted to do the right thing. But n ... Read More


A note from the publisher

A lot has occurred at The Newnan Times-Herald over the last few months, and I believe it’s an appropriate time to let you know what we ... Read More


Rants, Raves & Really?!?

A look back at last week’s highs, lows and whatevers: REALLY?!?: Grantville has a new police chief, the third one in about as many yea ... Read More


Georgia Says

The Augusta (Georgia) Chronicle on the Affordable Care Act: A private foundation issued a report claiming 20 million Americans "gained cover ... Read More


‘Murder in Coweta’ has continual silver lining

The killing of farmhand William Turner in 1948 was a tragedy. Turner, who was using the name Wilson Turner, was a young husband and father. ... Read More

Rants, Raves & Really?!?

RAVE: To Alex Ogletree for giving back to his alma mater, Newnan High. Ogletree gave $5,000 to upgrade the NHS weight room. The NFL gave a m ... Read More