Michael E. Kanell

Business and Economics Reporter

Economics writer Michael E. Kanell covers business, jobs and housing for the AJC.

Latest from Michael E. Kanell

Atlanta housing market may have hit a turning point
 After six years of tilting toward sellers, the metro Atlanta housing market may be starting to even out. Atlanta is definitely not yet a buyer’s market, but the trend of ever-greater competition for a shrinking number of properties seems to have peaked, giving local buyers a fighting chance of making a deal, according to a report this...

Posted: 4 days ago

After six years of tilting toward sellers, the metro Atlanta housing market may be starting to even out. Atlanta is definitely not yet a buyer’s market, but the trend of ever-greater competition for a shrinking number of properties seems to have peaked, giving local buyers a fighting chance of making a deal, according to a report this...
Peach State Federal latest Georgia credit union offering help to furloughed workers
 Peach State Federal Credit Union has joined a number of credit unions in Georgia that are offering financial aid or support to furloughed federal workers. Among the institutions offering help to the furloughed:  — Peach State Federal Credit Union is offering zero-interest loans that, under certain circumstances, could be as...

Posted: 7 days ago

Peach State Federal Credit Union has joined a number of credit unions in Georgia that are offering financial aid or support to furloughed federal workers. Among the institutions offering help to the furloughed:  — Peach State Federal Credit Union is offering zero-interest loans that, under certain circumstances, could be as...
Fed chair in Atlanta boasts about economy, won’t quit if Trump asks
 Presenting a united front at a conference in Atlanta on Friday, the chairman of the Federal Reserve and two predecessors praised the current state of the economy while issuing a full-throated defense of the institution’s independence. Federal Reserve Chairman Jerome Powell has been the target of criticism from President Donald...

Posted: 11 days ago

Presenting a united front at a conference in Atlanta on Friday, the chairman of the Federal Reserve and two predecessors praised the current state of the economy while issuing a full-throated defense of the institution’s independence. Federal Reserve Chairman Jerome Powell has been the target of criticism from President Donald...
Atlanta gas prices poised to go up in new year
 The days of cheap gas in metro Atlanta appear to over, at least for now. Average gas prices will crack the $3-a-gallon mark in a few months for the first time since mid-2014, according to an industry forecast. After a dramatic drop this past fall that took the price below $2 a gallon at a number of area stations, a combination of supply cuts...

Posted: 12 days ago

The days of cheap gas in metro Atlanta appear to over, at least for now. Average gas prices will crack the $3-a-gallon mark in a few months for the first time since mid-2014, according to an industry forecast. After a dramatic drop this past fall that took the price below $2 a gallon at a number of area stations, a combination of supply cuts...
Atlanta business upbeat about 2019 despite whiffs of trouble
 After nine years of steady and sometimes strong growth, much of the smart money says the expansion will continue at least through the next year with both the region and nation seeing creation of more jobs, higher home prices and an improving climate for business. “Our view is that 2019 is going to look a lot like 2018 for...

Posted: 15 days ago

After nine years of steady and sometimes strong growth, much of the smart money says the expansion will continue at least through the next year with both the region and nation seeing creation of more jobs, higher home prices and an improving climate for business. “Our view is that 2019 is going to look a lot like 2018 for...
While metro economies thrive, rural Georgia not keeping pace
 Editor’s note: Mark Bell, who was interviewed when he was managing principal of Diversified Trust and is quoted in this story, has since left the company. LAVONIA, Ga. -- Paul Musso tips his welder’s mask back like it’s a baseball cap and he’s thinking about the next pitch. But he’s just between welding...

Posted: 18 days ago

Editor’s note: Mark Bell, who was interviewed when he was managing principal of Diversified Trust and is quoted in this story, has since left the company. LAVONIA, Ga. -- Paul Musso tips his welder’s mask back like it’s a baseball cap and he’s thinking about the next pitch. But he’s just between welding...
Stock market starts winter dropping like the fall
 The stock market Friday capped a tumultuous three months with yet another substantial drop. After a roller-coaster ride through autumn, the Dow Jones Industrial average fell 414.23 points to finish the first trading day of winter at 22,445.37. The causes behind stock market gyrations are often mysterious, but it is hard to avoid thinking...

Posted: 24 days ago

The stock market Friday capped a tumultuous three months with yet another substantial drop. After a roller-coaster ride through autumn, the Dow Jones Industrial average fell 414.23 points to finish the first trading day of winter at 22,445.37. The causes behind stock market gyrations are often mysterious, but it is hard to avoid thinking...
Georgia job growth solid, worries nibble at the edges
 With worries about interest rates and trade wars so far nibbling only at the edges of growth, the Georgia economy continued to add jobs in November as state unemployment hit the lowest rate since 2001. The state added 4,500 jobs during the month as the unemployment rate edged down from 3.6 percent in October to 3.5 percent in November, according...

Posted: 26 days ago

With worries about interest rates and trade wars so far nibbling only at the edges of growth, the Georgia economy continued to add jobs in November as state unemployment hit the lowest rate since 2001. The state added 4,500 jobs during the month as the unemployment rate edged down from 3.6 percent in October to 3.5 percent in November, according...
More Atlanta homes for sale, but buyers aren’t biting
 The number of houses for sale last month in metro Atlanta was higher than the number for sale a year ago, signaling that the market may be entering a new phase, experts say. After several years of steadily declining inventory, listings were up 10 percent in November over the same month a year ago, according to a report from the Atlanta Realtors...

Posted: 28 days ago

The number of houses for sale last month in metro Atlanta was higher than the number for sale a year ago, signaling that the market may be entering a new phase, experts say. After several years of steadily declining inventory, listings were up 10 percent in November over the same month a year ago, according to a report from the Atlanta Realtors...
Rejected by Amazon, Atlanta business leaders remain undeterred
 Being spurned by Amazon shouldn’t cause Atlanta to doubt itself or reverse course, but civic leaders should push to invest in transportation and other improvements to continue to attract companies to the region, say business leaders and urban experts. In the aftermath of the decision, announced Nov. 13, that the Seattle online...

11:45 AM Friday, Dec. 07, 2018

Being spurned by Amazon shouldn’t cause Atlanta to doubt itself or reverse course, but civic leaders should push to invest in transportation and other improvements to continue to attract companies to the region, say business leaders and urban experts. In the aftermath of the decision, announced Nov. 13, that the Seattle online...
Recession not coming to Georgia, predicts UGA forecast
 Stock market gyrations aside, the next year should be a good one for the Georgia economy, according to the annual forecast by the University of Georgia Terry College of Business. Job gains may be more modest than this year’s, but the state’s population is growing, defense spending is surging, and home building should...

11:00 AM Friday, Dec. 07, 2018

Stock market gyrations aside, the next year should be a good one for the Georgia economy, according to the annual forecast by the University of Georgia Terry College of Business. Job gains may be more modest than this year’s, but the state’s population is growing, defense spending is surging, and home building should...