Published Friday, February 22, 2013
So how is our state’s economy doing after the election of 2012 and after the fiscal cliff was avoided at the last minute in Washington?
“Have we turned a corner at the state and metro (Atlanta) level? The answer is a conditional yes,” said Rajeev Dhawan, director of the Economic Forecasting center at Georgia State University.
“We have survived election uncertainties and fiscal cliff hijinks,” said Dhawan. While we can expect continued job growth this year, the growth is expected to be slower than in 2012 -- thus the “conditional yes” answer.
The economist says statewide job creation will mean about 63,200 new hires this year compared to 70,300 in 2012.
Both of those numbers are vast improvements over the 32,500 new jobs in 2011.
Where will the new jobs be?
Dhawan said the education/health-care sectors which have generally been chugging along throughout the recession will accelerate job production.
One of the reasons for health care jobs is because questions about the Affordable Care Act are settled. The act is not going to be repealed now that President Obama has been reelected, and knowing this many hospital are gearing up for an expansion.
With new hospitals in our community, plus expanded educational offerings at the college level, we hope Dhawan’s forecast for the future is good news for our community.