Saturday, May 18 2013 8:00 AM EDT2013-05-18 12:00:09 GMT
In its effort to hire 10,000 new employees in May, Dollar General will host a career fair at Dollar General located at 2017 N Slappey Blvd. in Albany, Ga. on Saturday, May 18 from 10 a.m. to 2 p.m.More >>
The event is held as part of the major retailer's effort to hire 10,000 new employees in May...More >>
Friday, May 17 2013 11:59 PM EDT2013-05-18 03:59:20 GMT
The family of an Albany teenager who died on Friday, isn't sure how they'll pay for her funeral. 16-year old Keyanna Lang died from a heart condition. Due to her illness the family couldn't keep lifeMore >>
The family of an Albany teenager who died on Friday, isn't sure how they'll pay for her funeral.More >>
Friday, May 17 2013 11:58 PM EDT2013-05-18 03:58:09 GMT
A student-led effort to help cancer survivors ended up being a big success at a Lee County School. Friday students at Twin Oaks elementary school donated the proceeds from their effort to the Cancer CoalitionMore >>
A student-led effort to help cancer survivors ended up being a big success at a Lee County School. Friday students at Twin Oaks elementary school donated the proceeds from their effort to the Cancer Coalition of Southwest Georgia.More >>
Friday, May 17 2013 11:44 PM EDT2013-05-18 03:44:12 GMT
Furloughs for Marine Corps Logistics Base workers could start in less than two months. About 2,000 workers at the Albany base will have to take up to 11 unpaid days off in the next fiscal year that startsMore >>
Furloughs for Marine Corps Logistics Base workers could start in less than two months.More >>
Friday, May 17 2013 11:43 PM EDT2013-05-18 03:43:28 GMT
The Rat Pack came back to Albany Friday night. Sinatra and Friends performed at Doublegate Country Club to raise money for the Albany Symphony Association. The guys who play the roles of Frank Sinatra,More >>
People danced the night away to Frank Sinatra tunes.More >>
January 14, 2008
Albany--Nationwide, economists say a recession is on the horizon. But if you talk to some economists at the University of Georgia, they'll tell you that our state is already in one.
According to economists at UGA's business school, the state's housing, manufacturing, and agriculture sector are already in a recession.
As far as the job market goes, the state is expected to create 44,000 new jobs in 2008, however, that's actually down from Georgia's anticipated 1.3 percent growth for this year.
Economists also say economic growth in Georgia will slow in '08 and that there are several factors contributing to the state's recession.
The main one being the housing market Economists say the state's housing recession won't end until late 2008 or possibly early 2009.
Nationwide, the talk of a recession has forced many people to really limit their spending.
"I couldn't afford anything for Christmas this year," says consumer, Lisa Haythe.
"The reasons for a recession have been accumulating for some time primarily because the labor market has been deteriorating," says Ed McKelvey, senior economist for Goldman Sachs.
State economists say Georgia's drought has helped to fuel the state's recession. A UGA study recently estimated the state's losses in production agriculture to be around $800 million.
In Atlanta, the drought has already caused recessions in urban agriculture, landscaping, and garden centers.
In response to the recession, Governor Sonny Perdue says Georgia is performing "above average" compared to other states.
Georgia's economic forecast was prepared by the Terry College's Selig Center for Economic Growth at UGA.