Power Breakfast: Atlanta jobs recovery several years away, Delta, immigration, toll, schools, Wal-Mart

When will the 200,000 jobs that metro Atlanta lost in the recession return?

2014? 2015? 2016?

A national report and local economists can’t seem to agree, AJC writer David Markiewicz reports.

On Monday, a national report prepared for the U.S. Conference of Mayors said the region won’t return to pre-recession employment levels for three more years, Markiewicz writes.

As sobering as that is, local economists insist it likely will take longer than that, with jobs unable to bounce back until 2015 or 2016 — making for a lost decade for workers, Markiewicz reports.

“I would call that optimistic,” UGA economist Jeff Humphreys said of the report’s 2014 projection.

The metro Atlanta area and the state overall will lag behind others largely because of the bottoming out of the construction industry, which helped fuel the region’s growth, Humphreys said.

The Atlanta-Sandy Springs-Marietta metro market, the report showed, reached its pre-recession employment peak in the third quarter of 2007, then lost 218,000 jobs, for an 8.9 percent decline, Markiewicz reports.

Also in the AJC:

In other media:

- Henry Unger, The Biz Beat

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13 comments Add your comment

Joe Biden

June 21st, 2011
7:07 am

WRONG !!!!

The stimulus is working! All of my friends have jobs.

Anthony Weiner

June 21st, 2011
7:11 am

I’m now looking for a job and sexting partners. If you can help with either…give me a call.

Nathan Deal

June 21st, 2011
7:17 am

We have two openings on the ethics commission. I promised more jobs, and I’m deliverin’.

Tom E. Gunn

June 21st, 2011
7:22 am

Let’s see, we sign a treaty that takes mfg out of country and TRY to live with an economy that is sustanined by construction and the service industry. We also at the same time relax our borders so that millions come in and take those “service” jobs that no one here really wants. The construction thing finally implodes, leaving unemployment high in the areas that were most affected by the loss of mfg jobs. Hmmm…. who would have thought?

James

June 21st, 2011
7:22 am

I hope they are wrong. This recession is hurting too many people.

Ole Roy Barnes

June 21st, 2011
7:23 am

If you morons would have voted for me, this recession in Georgia would be over !!!!

President Barack Obama

June 21st, 2011
7:25 am

Remember to re-elect me because I promise more of the same. ;)

George Washington

June 21st, 2011
8:13 am

Typical Democrat

June 21st, 2011
8:22 am

This is all George Bush’s fault.

Granny Godzilla

June 21st, 2011
8:24 am

We must switch from a capitalist society to a socialistic society.

Destin Dawg

June 21st, 2011
9:33 am

jobs won’t bounce back until maybe 2016….Obama Can’t be anti business with regulations, taxes ( fees ), Labor Unions and create jobs at the same time… New Boeing plant in S.C. closed By NLRB ??? we can’t all work for the Gov’t..

Harvey Schock

June 21st, 2011
12:23 pm

Why are people talking about Obama? What have the Georgia Republicans done done for you?

Everybody blames Obama instead of looking at what his or her state is doing. Take a hard look at Georgia, and figure out what your local state government is doing to make things better.

A good governor can turn a state around. Look to Mark Perry, Texas Governor, and see the growth and job creation in Texas.

Agua

June 21st, 2011
3:00 pm

“…a national report prepared for the U.S. Conference of Mayors said the region won’t return to pre-recession employment levels for three more years,…”

We may not have three years. Unless something happens before July 2012 Metro Atlanta could lose access to most of its Lake Lanier water. If that happens job recovery will be the least of our problems.