5:38 am April 26, 2011, by Henry Unger
The health of the local economy will partly depend on how two figures in today’s news play out — 9.8 and 4.
Metro Atlanta’s jobless rate fell to 9.8 percent in March, from 10.2 percent in February, the labor department said. A total of 8,600 new jobs were created in a variety of industries.
But that good news is tempered by gas prices. AJC reporter Mike Morris writes that the average price of gas in Atlanta is heading toward $4 a gallon. It’s now $3.75 a gallon for regular unleaded — 29 cents per gallon higher than a month ago, and a full dollar more than the price one year ago, according to gasbuddy.com.
How much will the lower jobless rate propel our economy and how much will rising gas prices dampen consumer spending? The answer, which will play out in the next few months, will determine a lot about our short-term future?
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