Georgia's in an Economic Slump

Wed, 03 Sep 2008 19:08:05 GMT

http://www.EmploymentCrossing.com According to economists at Georgia State University, Georgia will not be coming out of its economic slump in the near future. However, luckily for residents located in ports, like Savannah Georgia, they might be seeing the other side of the rainbow a little bit sooner. It is reported that Savannahs growth rate in 2008 will be around 0.8 percent and in 2009 0.7 percent. In addition, its also not expected to experience job cuts like the rest of the state. According to a Georgia Port Authority representative, Georgias ports export market is very strong; however, the industries job growth is starting to slow down. The employment rate in Savannahs metro area was up 0.4 percent in the second quarter of 2008, as compared to a year ago. It is reported that a majority of jobs came from the transportation and utilities sectors. In addition, 400 retail jobs and 270 educational and health related jobs were added. Unfortunately, it is reported that the state will collectively lose 35,300 more jobs by the end of this year and 2,600 more jobs in 2009.

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Hillsdale Unemployment Rate at 12.7 percent

Wed, 27 Aug 2008 00:56:00 GMT

The unemployment rate in Hillsdale County Michigan reached a shocking 12.7 percent. This is an 18 percent increase from last year. According to the Michigan's Department of Labor and Economic Growth the unemployment rate rose because of many factors including the weakness of the construction and manufacturing industry. Jim Rhein, a labor market analyst for the department, believes that the entire nation is getting hit hard by the economy, not just Hillsdale County. One company in the area that was hit hard was Hutchingson's of Reading, as it had to let go 50 employees since June. Klien Tools was also another company that was highly affected by the economy; it had to eliminate 100 jobs. According to Patrice Hudson-Martin, a manager at South Central Michigan Works, the downsizing of Klein Tools had a major impact on the Hillsdale economy. According to the Michigan Department of Labor and Economic Growth/Labor Market Analysis-South Central and Western Michigan, the unemployment rate in Hillsdale County was 12.7 percent, Lanawee County was 11.2 percent, Branch County was 9.9 percent, and USA was 6.0 percent. http://www.EmploymentCrossing.com

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Georgia's in an Economic Slump

Hillsdale Unemployment Rate at 12.7 percent