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Early December Growth

So far December has shown strong numbers for the State of Georgia and the national economies. New data shows signs of investor confidence, more job opportunities, and quality economic development.

For the State of Georgia:
For the U.S.:
  • Unemployment fell to 7%- a five-year low and the lowest since November 2008. The US economy saw 203,000 jobs added in November. Significantly, more high-quality jobs were created than previously seen: professional and business services (35,000 new jobs), transportation and warehousing (30,500 new jobs), healthcare (28,000 new jobs), manufacturing (27,000 new jobs), and construction (17,000 new jobs). If the federal government avoids a shutdown in January, job growth will more than likely improve. 
  • According to the Bureau of Economic Analysis (BEA), US exports reached a record of $192.7 billion in October 2013.
Although we still have much work to do, hopefully we will see the job market break out of its funk in 2014. If we can survive January without a shutdown, we may see our statewide and national growth accelerate.



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