Skip to content Skip to sidebar Skip to footer

Thursday, June 30, 2022

Simon Says: First quarter labor stats look good for Georgia, up slightly in Augusta

Dr. Simon Medcalfe, AU Economics Professor Data through the first quarter of 2022 suggests that the Georgia economy remains strong. The Labor Market Index (LMI) for Georgia increased by 2.4 percent in March 2022 from March 2021. The corresponding number for the fourth quarter of 2021 was 2.2 percent. Savannah saw the largest year-on-year increase at 3.6…

ByDr. Simon Medcalfe, AU Economics Professor 1 day ago0Comments

B2B Stories Economics

Lawsuit questions cost overruns at Plant Vogtle

Georgia Power is being sued over Plant Vogtle for cost overruns and Georgia-based restaurants show financial gains. – Augusta Business Daily by Mike Petchenik Mike-Petchenik-6-28-22

ByMike Petchenik2 days ago0Comments

B2B Stories Economics

Jobs continue to sprout in the Peach State

Georgia is having a record-breaking year for job creation and USPS is uniquely fighting gas prices. – Augusta Business Daily by Mike Petchenik Mike-Petchenik-6-21-22

ByMike PetchenikJune 20, 20220Comments

B2B Stories Economics

Simon says: Augusta economic forecast gloomy as jobs continue post-pandemic lag

Dr. Simon Medcalfe, AU Economics Professor Edgefield County in South Carolina had the largest increase in average weekly wage in 2021 for the seven-county Augusta metro area. Wages there increased from $802 per week in 2020 to $874 in 2021, based on recently released data from the Bureau of Labor Statistics. That equates to a 9 percent…

ByDr. Simon Medcalfe, AU Economics Professor June 15, 20220Comments

B2B Stories Economics

Chip shortage affects imports at Port of Brunswick

Chip shortages drop several car imports in Brunswick and Georgia leaders woo tech companies from California. – Augusta Business Daily by Mike Petchenik Mike-Petchenik-6-14-22

ByMike PetchenikJune 14, 20220Comments

B2B Stories Business Coaching Economics Top Story

Mondays with Rick: Preparing for the coming recession

Gary Kauffman Dr. Rick Franza, Dean of the Hull College of Business, discusses a different, timely business topic each Monday in this column. This week he talks about preparing to successfully survive a recession. The interview has been edited for clarity and impact. Dr. Rick Franza, Dean of AU’s Hull College of Business ABD: In a recent survey…

ByGary KauffmanJune 13, 20220Comments

B2B Stories Economics Top Story

Uncertain economy creates a nightmare for a local trucking company

The past couple of years has been a nightmare for trucking companies, especially the smaller outfits like Jax Transportation in Aiken. “Our business dropped off 87 percent when covid shut down everything, owner Dean Cavero said. “It was a fiasco when goods weren’t moving. It took six months for us to see any relief.” He also owns…

ByMitzi OxfordJune 10, 20220Comments

B2B Stories Economics

Simon Says: Wage increases alone may not be enough to entice employees

Dr. Simon Medcalfe, AU Economics Professor The labor force in Augusta is below 267,000 (March 2022) compared to almost 271,000 pre-pandemic. Traditional thinking and economics suggest that employers should raise wages and that will increase the workers’ opportunity cost of staying at home and at least some workers will be enticed back into the labor force. Unfortunately,…

ByDr. Simon Medcalfe, AU Economics Professor June 8, 20220Comments

B2B Stories Economics

A Georgia college is among the top business programs

University of North Georgia’s MBA program is one of the best in the nation and UPS battles Amazon for the title of the top shipping company. – Augusta Business Daily by Mike Petchenik Mike-Petchenik-6-7-22

ByMike PetchenikJune 7, 20220Comments

B2B Stories Economics

Banking leaders warn of an economic ‘hurricane’ on the horizon

Several leaders of major banks recently warned about a looming financial crisis that could plunge the United States into a major recession. This reflects the same sentiment of a gloomy economic forecast as Hull College of Business economist, Simon Medcalfe made in his ABD column on Wednesday (see his local report here). “It’s a hurricane,” JP…

ByGary KauffmanJune 6, 20220Comments