Economics

Minority and women-owned businesses are encouraged to attend a public meeting to learn about the recently adopted Business Enterprise Program (M/WBE). Augusta commissioners approved an amendment to the city code to add the program. The meeting will include details on how to apply for certification to be part of the program. “It’s really an opportunity for us to let the community know what’s going on with this program, but more specifically, to let them know that the program now exists and has been approved and what the next steps would

The “SAHM” rule is named for economist, Claudia Sahm. The national U.S. unemployment rate rose to 4.3% in July, the highest since 2021. It also marked another milestone. According to the Sahm indicator, the U.S. economy is now in recession. The Sahm indicator says that if the three-month average unemployment rate rises by more than a half percentage point above the lowest three-month average for the previous 12 months, then the economy is in recession. By this measure, the Sahm indicator hit 0.53 in July. The unemployment rate for July

Aiken County residents have more than just political candidates to consider in the November general election. They are being asked to decide whether a new Capital Projects Sales Tax (CPST) should be imposed. It is not a new tax; it is a continuing one already in effect. CPST 4 expires in February 2025. CPST 5 would go into effect the following month. An estimated $260 million will be collected and shared among all municipalities in Aiken County to pay for a defined list of projects. One of the projects funded