Power Breakfast: Unemployment rises as profits fall, Delta, SunTrust, UPS, NCR

Metro Atlanta’s job market continued to look bleak last month.

The unemployment rate rose to 10.5 percent in September, up from 10.3 percent in August and from 6.7 percent a year ago, according to state labor department figures reported by AJC staffer Michael Kanell.

What’s more, if you look down at the other stories highlighted in this blog, you’ll see some distressing corporate earnings numbers among major Atlanta-based companies.

Delta and SunTrust reported losses and UPS posted a large profit decline. Newly relocated NCR also reported a huge profit drop and may cut more than 2,000 jobs worldwide, although Georgia may be spared.

It’s not a pretty picture for the beginnings of a recovery.

Also in the AJC:

In other media:

One comment Add your comment

nuti sux

October 25th, 2009
10:58 pm

The 1st termination at NCR should be Nutjob nuti