Tuesday, Oct. 8, 2013 | 6:18 a.m.
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Business owners take a wait and see attitude with shutdown
The government shutdown hasn’t shaken the confidence of Miles Whitlock in the American consumer. For now, people will still go out and spend money, he said, and banks will lend money, too. But he doesn’t think their patience is infinite. The longer the shutdown lasts, the more likely the economy ...
Idled federal workers fear lengthy downtime
The partial government shutdown this week drizzled uncertainty on tens of thousands of households in metro Atlanta, applying a financial pressure that will ratchet higher the longer it goes on. A few federal workers who spoke to the AJC this week expressed a mix of emotions, most saying they had ...
Looking for a village to raise start-up tech firms
It may take a village to help a start-up company soar. So say some entrepreneurs, asserting that young companies grow faster and better in a community of peers than they do on their own. As Atlanta struggles to pull away from hard economic times, they say, it needs to nurture ...
Metro jobless rate tumbles in August
The jobless rate in metro Atlanta dropped sharply last month, falling to 8 percent in August from 8.6 percent in July. Fewer layoffs and 2,800 jobs added during the month contributed to the drop, the sharpest July-to-August fall since the state started collecting metro data in 1976. People leaving the ...
As rates rise, metro Atlanta consumers, companies reposition selves
With the cost of borrowing on the rise — and the potential for continued increases in the wake of recent maneuvering by the Federal Reserve — metro Atlantans are recalculating plans ranging from home purchases to investments to corporate borrowing. Anyone who borrows, lends or invests money has been confronted ...
Poll: Georgians down on economy but hopeful about own prospects
Georgians can tell the difference between their household finances and the economic health of the larger economy, and it seems that hope hangs out close to home. The Atlanta Journal-Constitution found in a poll conducted earlier this month that 62 percent of the respondents see the state’s economy as either ...
Five years after Lehman, recovery lags
Five years ago, the collapse of financial giant Lehman Bros. signaled the start of an economic crisis that would wipe out a quarter million jobs in metro Atlanta — one in every 10. Today, by a host of measures, the region has still not made up much of the ground ...
New ideas for Atlanta
In a week, more than 50 experts and entrepreneurs will gather in an attempt to jump-start efforts to improve a troubled educational system and an underperforming economy. But it’s just talk: can a conference change Atlanta? For sure, the Collaborative Leadership Summit – or (co)lab as organizers call it – ...
For better of worse: Technology makes it easier to personalize prices
It used to be that the price was the price. Sure, there were sales, special offers and discounts galore. But each consumer didn’t get a different deal. And the price didn’t constantly shift, based on supply and demand. But combine consumer data and speed-of-light technology, and that’s what you get. ...
Clayton fugitive arrested in SW Atlanta
After a brief gunfight and an hour-long standoff, police in southwest Atlanta early Saturday arrested a murder suspect who was one of Clayton County’s most-wanted fugitives. Victoriano Javier Perez, 41, was arrested in a house along Regents Street, according to Channel 2 Action News. Perez was wanted for the fatal ...
Boil water advisory still in effect after Clairmont Road water main break
Final repairs of the Clairmont Road water main break probably will be done Monday, and citizens who live nearby will need to keep boiling water as a precaution at least until then, officials said. The boil water advisory remained in effect Sunday.Water service was restored after crews worked around the ...
Atlanta adds jobs at the top and bottom
Karen Spellman’s realization came this year, after her job as a marketing and production manager for a small hotel chain was eliminated. The kinds of jobs she’d be a good fit for, she said, mostly aren’t there to be had. And when they are, she’s among a mob of applicants ...
Metro jobless rate seen staying high
Job growth this year and next will be too timid to cut metro Atlanta’s unemployment rate below 8 percent, according to a new forecast for the region. The jobless rate should stay at 8 or above through 2014 before dropping to 7.2 percent the following year, said Rajeev Dhawan, director ...
Metro jobless rate bucks state trend
The metro Atlanta jobless rate dipped in July on the strength of continued growth in business hiring, but unemployment remains painfully high and the job gains uneven. The decline, from 8.8 percent to 8.6 percent, runs counter to a summer rise in the statewide rate. State officials said layoffs outside ...
Black march toward prosperity mixes triumph, setbacks
The fifty years since the March on Washington have reshaped the economic landscape of America – for everyone. For black Americans, the five decades since march organizers lifted up the twin goals of “jobs and freedom” have seen both impressive economic gains and painful disappointments. The end of Jim Crow ...
Gas prices no longer drive consumer mood
It used to be that the clearest signs of American consumer sentiment were the ones at the corner gas stations: the higher the prices, the worse people felt. Nowadays, after years of having gas prices too high float between $2.50 and $4 a gallon, American attitudes no longer flow through ...
Atlanta and Georgia job markets stumble in summer
The job news lately has been discouraging. Not only is the economy still far from the pre-recession job levels reached in 2007, its catch-up engine is running in slow motion, if not slipping right into reverse. State officials announced last week that the metro Atlanta jobless rate jumped to 8.9 ...
Metro Atlanta’s jobless rate jumps to 8.9 percent in June
Even when the official unemployment rate was falling, Christine Phillips knew the job market was not healthy. Laid off last August after seven years at Home Depot, most recently in customer service, Phillips started searching for office jobs, applying for positions online and signing on with local staffing companies. “My ...
Food stamp roll swells in Georgia
Four years after the end of the recession, the economy has been growing, employers have been hiring and the number of people relying on food stamps in Georgia has been going … up. A year ago, the program provided food assistance to a record 1.91 million people in the state, ...
Use of temp workers surging in Georgia, nation
The use of temporary workers is surging again — a trend that’s typically seen as a sign that the economy is strengthening but that companies are uncertain how long and strong the growth will be. It may also be a hint that companies increasingly mean to use temps even when ...
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