Labor & Economic News Blog

Wednesday, May 21, 2008

Georgia to lose 7,000 jobs this year, economist predicts

Georgia to lose 7,000 jobs this year, economist predicts
Georgia's economy likely will shed about 7,000 jobs this year and the jobless rate will rise to about 6 percent by next year, one of the state's leading economic forecasters says. Still, Georgia's economy remains more robust than the nation's, and it should see renewed job growth in 2009, Rajeev Dhawan, director of the Economic Forecasting Center at Georgia State University, said in a quarterly report Wednesday. Dhawan said he's grown more pessimistic about overall economic conditions because of high gas prices that are likely to offset the effect of federal tax rebates.

 



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