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.
Tourism and retail spending are boosting Savannah's economy, but those are the only positive signs in a third quarter economic report. Armstrong Atlantic State University's Center for Regional Analysis released its quarterly forecast this week. Center director Michael Toma says, out of seven economic trends the forecast tracks, only hotel stays and retail recepts posted gains.
Dwindling jobs and the lingering economic slowdown have led to a big jump in the number of Georgians on food stamps. US Agriculture Department officials say, there are now 1.8 million people receiving food stamps in the state, a 42% rise from two years ago. Those numbers leave out people eligible for but not using the benefit.
Georgia leads the nation in the growth of women-owned businsses. That's the conclusion of a new report commissioned by American Express, looking at the past 14 years. The study uses Census data and figures Georgia has nearly 300,000 women-owned businesses, or 97% more than in 1997.
Despite a national survey showing employers expect to hire more new college graduates this year, young job seekers are having a hard time finding work. Many are coming to the conclusion that their expectations will have to be trimmed. Some are taking jobs in sales and customer service.
Governor Nathan Deal says he wants to do more research on a program employers can use to verify if their workers are legal. Conservative lawmakers have to weigh whether forcing employers to check work status hurts the state’s economy.
A tire plant in Bartow County is expanding operations. The move will add another 200 jobs. The Toyo Tires plant in White, Georgia has been in operation for more than four years, and currently employs 650 people.
A regional economist says, Savannah's recession is over. Michael Toma of Armstrong Atlantic State University says, his numbers show, the downturn ended for the Savannah area earlier this year. Port activity and tourism are leading Savannah's come-back.