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The Biz Beat

Power Breakfast: Taking stock of recession, women businesses, Hapeville, DOT, tax plan, tycoons, Korea trade

5:01 am December 9, 2010, by Henry Unger

Taking a snapshot at the end of the year is always a good way to gauge where you’ve been and how much further you have to go.

AJC reporter Dan Chapman has done that with a sampling of economic data for Georgia. It’s not a pretty picture, as you might imagine.

In December 2007, when the Great Recession officially started, Georgia’s jobless rate stood at an enviable 4.6 percent, Chapman writes.

Three years later, after the economic tsunami has wiped out jobs, households and futures for tens of thousands of Georgians, the rate is 9.9 percent.

Meanwhile, metro Atlanta foreclosure notices went from 4,711 to 13,834.

There are a lot of other good comparisons in Chapman’s piece, so please take a look.

Also in the AJC:

In other media:

- Henry Unger, The Biz Beat

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2 comments Add your comment

TnGelding

December 9th, 2010
5:14 am

Does that mean the number or unemployed is only up 5.3%? Surely the remaining 90.1% can pick up the slack. Nah, we need to cut their taxes so they can continue to go on cruises, gambling junkets and travel the world. And don’t forget that latest Porsche convertible is coming out soon.

Have the Democrats gone competely mad? I was glad to see that attempt to send out checks to ALL (including Warren Buffett, H. Ross Perot and Ted Turner) Social Security beneficiaries failed. Why not just compensate those on Medicaid, food stamps, unemployment or SSI; the ones that truly need it?

Road Scholar

December 9th, 2010
8:59 am

Oh the trickle down!