6:52 am April 20, 2011, by Henry Unger
Are you noticing more signs of economic life?
This week we learned that Georgia’s unemployment rate fell to 10 percent in March from 10.2 percent in February.
A new survey from the National Association for Business Economics showed that more companies reported sales gains in the first quarter than at any time since 1994, Bloomberg News reported. Sixty-three percent of businesses reported an increase in sales in the past three months, while fewer companies reported a drop in revenue, the survey said.
And in Cobb County, commissioners approved a mix of commercial and residential development projects on Tuesday, providing more signs of economic recovery, AJC reporter Janel Davis writes.
A new subdivision in east Cobb, a 170-unit suite hotel along Cumberland Boulevard and even a large gas station and convenience store along Windy Hill Road were all given the go-ahead, Davis reports. Incremental developments like these signal a slow economic revitalization, industry experts said.
Are you seeing that in your area?
Or are rising gas prices, persistent foreclosures and double-digit unemployment still combining to keep a lid on things?
- Henry Unger, The Biz Beat
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