WSAV
MyLC SAV Acts of Green SAV Online Guide
|
 
NewsNews

GA Economic Slump Continues

GA Economic Slump Continues

The director of Georgia State University's Economic Forecasting Center says Georgia's recession continues with more than 50,000 jobs lost in the third quarter of 2009.


»  Comments | Post a Comment

ATLANTA (AP) - Georgia's recession continues.
That's the word from the director of Georgia State University's
Economic Forecasting Center. Rajeev Dhawan said job losses continue
to plague the Peach State. The third quarter of 2009 saw more than
50,000 jobs lost in Georgia, the fourth dismal quarter in a row.
Tax collections in the state also continue to plummet. Dhawan
said that's because unemployed Georgians are spending less.
Dhawan says that hospitality and airline industries will
continue to suffer from cutbacks in business travel and other
corporate belt-tightening. But the Kia plant opening in west
Georgia is good news for the state.
Dhawan said he sees the state's fiscal picture should improve in
2011.

Terms and Conditions

Advertisement

 
 

Advertisement

Reader Comments

*Facebook Account Required to Comment. If you are not already logged into Facebook, please click the comment button to do so.

Deal of the Day

Advertisement

 

Most Popular

  • 1.Latest Georgia news, sports, business and entertainment
  • 2.Latest South Carolina news, sports, business and entertainment
  • 3.Latest South Carolina sports
  • 4.Beluga Whale Calf Dies at Georgia Aquarium
  • 5.Latest Pennsylvania sports

Advertisement

 

Links We Like

Advertisement

Media General
KewlBoxBoxerJam: Games & Puzzles
Games, Puzzles & Trivia
Blockdot: Advergaming and Branded Media
Advergaming and Branded Media

MyYahoo!