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…

Read more

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…

Read more

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…

Read more

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,…

Read more

This Pop-up Is Included in the Theme
Best Choice for Creatives
Purchase Now