Power Breakfast: Job market improving, DeKalb schools indictment, Thrashers, UPS, light rail, Gulf, Apple vs. Microsoft

Three years of deep job losses should end in 2011 with the creation of 42,500 new jobs in Atlanta, according to a new economic forecast, AJC reporter Dan Chapman writes.

But the region’s recovery contains too many hard-to-gauge variables — the European debt crisis, the Gulf oil spill, consumer confidence, China’s continued purchase of U.S. treasuries — for Georgia State University economist Rajeev Dhawan to promise that the recession’s end will translate into robust employment.

“I’m optimistic, but I’ve downgraded my predictions because there are too many fragile things going on around the world,” Dhawan, director of the school’s Economic Forecasting Center, told a couple of hundred businessmen, government employees and students Wednesday.

Meanwhile, word comes today that metro Atlanta’s unemployment rate fell dramatically in April — to 9.8 percent from 10.4 percent in March, the state labor department reported.

Metro Atlanta’s rate is now lower than the state’s — 10.4 percent — and the nation’s — 9.9 percent, the labor department said. Until now, Atlanta’s jobless rate during this recession has generally been higher than the nation’s.

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3 comments Add your comment


May 27th, 2010
8:08 am

Worry, worry, worry! Good grief! Let the good times roll! As I’ve written many times before, when you take care of the children, elderly, sick and needy everyone prospers, especially those at the very top.


May 28th, 2010
5:58 am

Come on corporate America, put us back to work!

Would anyone argue that the very wealthy weren’t better off under Clinton with the higher tax rates? Would the technology bubble have continued under the inventor of the Internet?

What a day on Wall Street yesterday. Break out your ‘W’ dollars boys and join the party! Look for profit taking today, tho, but who knows. Certainly not I.

No Jobs

May 31st, 2010
4:15 pm

The “job market” is not improving, no matter what obama’s handlers are saying in DC.