Economics

Given my record in forecasting sporting events, I may not be the best person to provide an economic forecast. Nevertheless, that is what I will be doing at 7:30 am on Thursday, December 7th, in the Roscoe Ballroom on the Augusta University Summerville Campus. The event is free and open to the public, but we ask that you register by emailing hull@augusta.edu, so we can manage the food and beverages appropriately. Last year, I presented four indicators of recession and two of them indicated an economic downturn and two did

On Friday, November 3, the Bureau of Labor Statistics announced that the U.S. unemployment rate for October inched up to 3.9% from 3.8% in September. The U.S. economy added 150,000 jobs in October, down from 297,000 in September. Job gains were seen in healthcare and government while manufacturing employment fell due to strike activity. In Augusta, the most recent employment data is for September. The unemployment rate remains at 3.8% as it has been since May. The employment level is 245,300, up 1,200 from August. This is the highest employment

A picture isn’t just worth a thousand words, it turns out the arts are worth millions in jobs and dollars in the economy of Augusta and for our neighbors across the river. Last year, a study by American for the Arts found that arts and culture generated $24.6 million in spending by organizations and audiences specifically in Richmond County. Although non-profit organizations are tax-exempt, money spent by consumers on goods and services, including hotel lodging, meals, and purchases resulted in $2.8 million in local, state, and federal tax revenue. That