Labor & Economic News Blog

Wednesday, November 19, 2008

Economist: Georgia's job losses to grow until 2010

Economist: Georgia's job losses to grow until 2010
Rajeev Dhawan, director of the Economic Forecasting Center at Georgia State University, predicted Wednesday that the already gloomy unemployment picture in Georgia and metro Atlanta will worsen at least through next year before a light rebound. "We expect significant layoffs in the state," Dhawan said in a report to be released today at the center's quarterly conference. By the end of 2008, the state will have lost 75,100 jobs — more than one-third of them "premium," relatively better-paying positions, Dhawan said. Georgia's unemployment rate, 6.5 percent in September, will rise to 7.5 percent next year and to 8 percent in 2010.

 



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