Power Breakfast: Unemployment, income, banking giants
Today will be a big day with the national unemployment numbers for July coming out this morning.
Most economists expect an increase from the current 9.5 percent level, probably ticking up to 9.6 percent or 9.7 percent. Job losses are expected to slow to a pace of around 320,000, compared with 467,000 in June.
Already in metro Atlanta, unemployment has risen to 10.7 percent, with the state labor commissioner expecting it to peak at 11.5 percent to 12 percent in the coming months.
AJC reporter Michael Kanell writes that the recession has pushed metro Atlanta’s per capita income to 112th place out of 366 areas studied by the federal Bureau of Economic Analysis.
Per capita income in metro Atlanta last year was $37,655 — down 0.2 percent from the year before, according to the report released Thursday.
Also in the AJC:
- Bank slugfest looms with giants’ arrival
- Furloughs alter teachers’ paychecks, schedules
- Beazer Homes posts loss on revenue decline
- AirTran pilots picket over pay
- Twitter back after sustained outage
In other media:
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