State labor officials say the preliminary unemployment rate in metro Atlanta dropped to 8.7 percent in March. The new jobless rate was announced early Thursday morning by the Georgia Department of Labor. Metro Atlanta's unemployment rate is down from a year ago, when it was 9.6 percent
Kennesaw State University’s monthly index on Georgia manufacturing activity fell slightly in March after two blockbuster months of growth. Intuit Payroll’s latest index shows another month of slight increases in the state’s small business employment. And unemployment keeps inching down. Economists say it all indicates a recovery. Just a slow one.
Hospitals in Georgia are suffering under the weight of the sluggish economy, and the financial strain is especially heavy for smaller, rural medical centers. Nearly half of the state’s rural hospitals are operating in the red, according to the latest hospital financial survey by the state Department of Community Health.
A South Korea-based parts supplier will set up a manufacturing facility in LaGrange that will create 100 new jobs over three years. Gov. Nathan Deal on Friday said Daewon America will invest $14 million to expand an existing facility in LaGrange that would supply the nearby Kia auto plant.
A University of Georgia economic forecast said Georgia is likely to start regaining jobs next year, but not enough to reduce its unemployment rate. Meanwhile, the chances of a recession next year are 45 percent.
Georgia will open a second trade office in China. Governor Nathan Deal made the announcement from Beijing on Wednesday. Deal and his economic development team are in the midst of a six-day, five-city trip to boost Georgia’s economic development with China and South Korea. the office will be located in the country’s Shandong province, on China’s east coast.
Georgia's 35 public colleges and universities mean more than 12 billion dollars a year to local economies. Report from the University of Georgia says it's from salaries, student spending, and operating expenses. UGA Athens campus is at the top of the list.