Economics

B2B Stories

Stress test: One website ranks Augusta as being full of stress

If you’re feeling relaxed and at ease, maybe you know something the folks at the personal finance website WalletHub don’t. They just ranked Augusta as the 11th-most stressed city in the country. Augusta just missed the top 10, coming in slightly lower than Toledo, Ohio, but well ahead of Atlanta, which ranked 42nd. This may be a little confusing for any local residents who’ve had to drive in the traffic melee in our capital city. How could we be more stressed than that? To figure out what’s going on, we

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B2B Stories

Simon Says: Why economics majors earn more money

The average starting salary for an economics major is $65,000 according to the National Association of Colleges and Employers. By contrast, sociology majors average $55,000 and political science majors average $58,270. The salary for economic majors is also higher than in any other business discipline. However, just looking at average salaries may be misleading and returns vary from student to student and college to college. Average economics salaries are also skewed because economics is the most popular major at every Ivy League school except the University of Pennsylvania. So, some

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Defense Tech Company coming to Georgia

    A defense tech company invests $60 million in a facility in Fulton County and Home Depot scares up some Halloween business with inflatables. – Augusta Business Daily by Mike Petchenik  

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Simon Says: Tires keep Aiken County’s economy rolling on

According to the Guinness Book of World Records, the largest tyre (tire) manufacturer in the world is Lego! Although Lego did not start producing tires for their sets until 1962, by 2010 they were producing more than 380 million tires. The largest real tire manufacturer in the world by revenue is Michelin, which overtook Bridgestone in 2021. Bridgestone had previously held the No. 1 spot for 11 years. Bridgestone opened its off-the-road radial tire plant in Aiken in 2014. At that time, there were 6,818 manufacturing jobs in Aiken County

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Simon Says: Best labor markets in Georgia, S.C. are on the coasts

Last week, I compared the labor market in Augusta to other metro areas in Georgia. However, two counties in the August metro area are in South Carolina (Aiken and Edgefield), so how does Augusta stack up against South Carolina cities? Like Georgia, the fastest-growing labor markets in South Carolina are on the coast. The Labor Market Index (LMI) for Charleston grew at 2.5 percent over the last year and by a whopping 4.7 percent in Myrtle Beach. (The fastest growth in Georgia was Savannah at 3.6 percent). Over the past

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

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 percent. All metro areas, except Hinesville, saw improved labor market conditions in the first quarter of 2022. The LMI for Augusta increased by 0.8 percent. Employment has increased by 2,300 over the last year and the unemployment rate has

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