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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