Georgia is now first among states in foreclosures. The online service RealtyTrac says, the state leaped into the top spot in May with about one-in-six-hundred homes in foreclosure. Atlanta is second among metro areas only to Riverside, California. Tom Merkel of the non-profit housing consultancy The Impact Group says, the data comes as banks step up efforts this year to collect on unpaid mortgages.
Reports on the latest unemployment rate in Georgia and across the nation come every month. Behind those stories lies another: being unemployed can be traumatic and cause a degree of psychological injury. Brandon Smith describes that trauma and how to handle it.
A new analysis by credit counseling group CredAbility found Georgians are still struggling with high unemployment and low home values, and only people in Nevada feel more stretched financially than we do.
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
There are 15,000 Georgians who are losing extended unemployment pay this weekend. The loss of the extra benefits comes because the state’s jobless rate is dropping. And some of those workers are also losing hope they will find a job.
With the economy slowly reviving, federal funding to retrain the unemployed is back to pre-recession levels. Georgia workforce development officers say, they counted on federal stimulus funds to double their worker training programs.