There are three key issues for the economy right now: Jobs, Jobs and Jobs!
The painful flow of job cuts in Georgia will slow in coming months but continue through 2010, setting up a third straight year of losses, according to a new forecast reported by AJC staffer Michael Kanell.
The state’s job losses next year are estimated at 60,600, down from an estimated 214,700 lost in 2009, said Rajeev Dhawan, director of the Georgia State Economic Forecasting Center at the center’s quarterly forecasting conference.
Job growth will resume in 2011, with payrolls expanding by 67,100 positions, Kanell reports.
Many previous recessions were followed by strong recoveries, with the sharp drop and bounce-back forming a ‘V.’ This time, Dhawan said, it will look more like the Nike “swoosh,” with a steep drop and shallow recovery.
“It may be 2012 or 2013 before we get back to where we were,” he said.
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