America’s unemployment rate dropped to 7.7 percent in February, the lowest mark in four years. Some 236,000 jobs were created during the month, according a report from the Labor Department Friday. February’s success continues a recent trend of recovery, and was the best statistically since the early months of the depression. Part of the new [...]
President Obama Set to Deliver His fifth State of the Union Address
February 12, 2013 | Posted by
While President Obama is set to deliver his fifth State of the Union address tonight, it is the dreadful state of the economy that continues to dominate the minds of Americans — and is still a measure on which polls show the public continues to have its doubts about the president’s performance. Fewer than half [...]
Bank of America Plaza: A Towering Testament to Atlanta’s Ailing Economy
February 11, 2013 | Posted by
Bank of America Plaza is Atlanta’s tallest skyscraper — and these days one of its loneliest. Though the 55-story tower’s soaring gold-leaf spire still glitters from afar, the building is nearly half empty. Two thousand workers, perhaps more, have left in recent years as tenants downsized or moved, emptying whole floors. Those who remain enjoy [...]
Home Depot Looks to Fill 80,000 Jobs (Video)
February 6, 2013 | Posted by
Home Depot is preparing to fill 80,000 positions for the busy spring season. The Atlanta-based home improvement giant said Wednesday it plans to hire 10,000 more workers than in 2012. Home Depot also launched an online program where a specific military Skills Translator offers a new tool designed to help translate and match an applicant’s [...]
Warren Buffett Betting Big on U.S. Housing Market
November 1, 2012 | Posted by
Perhaps the most bullish indicator for U.S. housing is Warren Buffett. The legendary investor has been buying up real-estate brokerages around the country as he bets on a housing turnaround. Now, he is partnering with Brookfield Asset Management, a Canadian real-estate investor, to more than double the size of his brokerage business. Berkshire’s HomeServices of [...]
Real Estate Investor Confidence Growing in Atlanta
October 9, 2012 | Posted by
As leasing velocity slowed in other U.S. cities, Atlanta’s picked up during the third quarter, boosting investor confidence in the metro area, according to a new survey from accounting and consulting giant PricewaterhouseCoopers. The report cited State Farm’s consolidation in two Dunwoody office buildings. In June, the nation’s largest property and casualty insurance company said [...]
Africa Continues Growth Despite Global Economic Woes
October 7, 2012 | Posted by
World Bank’s semiannual Africa’s Pulse report on the African economy projects 4.8 percent growth during 2012 for Sub-Saharan Africa, consistent with last year’s 4.9 percent growth rate. The positive analysis comes in lieu of poor performance in the global economy. Without accounting for South Africa, the continent’s most lucrative economy, the rest of Sub-Saharan Africa [...]
Ghana’s Economy Remains Strong Despite Global Economy Setbacks
October 6, 2012 | Posted by
Despite setbacks in the global economy and continuing market instability stemming from the Euro zone crisis and the occurrence of economic slow down in some of the largest developing countries, such as China and Japan, Sub-Saharan Africa, including Ghana, has been displaying a stable and robust economy. According to the latest World Bank ‘Africa’s Pulse’, [...]
U.S. Payroll Count: More Jobs Created Than Lost Under Pres. Obama
September 28, 2012 | Posted by
More jobs have now been created than lost since President Barack Obama took office, preliminary revisions to the U.S. payroll count showed. The number of jobs created in the year ended in March was revised upward by 386,000, the Labor Department said in Washington yesterday. If that estimate is confirmed in the final report, it [...]
Consumer Confidence Rises to 3-Month High
September 1, 2012 | Posted by
Consumer confidence improved more than projected in August as merchant discounts and record-low interest rates help U.S. households bolster finances. The Thomson Reuters/University of Michigan final sentiment index climbed to 74.3, a three-month high, from 72.3 in July. The gauge averaged 89 in the five years leading up to the recession. Other reports indicated manufacturing [...]
