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:
- Delta suspends pilots who flew past airport
- Delta loses $161 million in quarter
- SunTrust loses $377 million as struggles continue
- UPS profits down 43 percent
- Georgia may be immune to NCR job cuts
- Doraville doesn’t see Falcons stadium as a winner
- State lawmakers may revisit health care insurance mandates
In other media:
Tell us what you think about the site
Customer Care »
Vacation stops, manage subscriptions and more
AJC Services
Sections
Other Editions
Visitor Agreement | Privacy Statement
© 2013 The Atlanta Journal-Constitution
One comment Add your comment
nuti sux
October 25th, 2009
10:58 pm
The 1st termination at NCR should be Nutjob nuti