Author: Jeffrey Humphreys

Economy: Brunswick’s Strengths

From its 2020 peak-to-trough, the Brunswick metropolitan statistical area (MSA) – Brantley, Glynn and McIntosh counties – lost 19.2% of its jobs to the COVID-19 recession. The heaviest losses were in leisure and hospitality and state government. Because the Brunswick…

2022 Industry Outlook

Georgia continues to outpace the nation in recovery from the COVID-19 pandemic due to a number of state-specific factors, and some industries in the state are experiencing dramatic growth. Our annual outlook for Georgia’s primary industries is based on research…

Economy: Athens Rising

From its 2020 peak to trough, the Athens metropolitan statistical area (MSA) lost 13.7% of its jobs to the COVID-19 recession. The city is recovering slowly. By November 2021, it had reversed only 71% of its job losses compared to…

Economy: Positive Outlook

The 2022 economic forecast for Georgia is positive and the pattern of slightly faster economic recovery for the state than for the U.S. will continue. Last year, I predicted that Georgia’s economic recovery would occur in three distinct phases: an…

Economy: Advantages Abound

Dalton’s economy took a big hit during the pandemic recession, losing 15% of its jobs. But it also recovered better than the country and the state. By mid-2021, Dalton had regained 89% of its overall job losses, compared to the…

Economy: Atlanta Rising

As we come out of the pandemic, Metro Atlanta’s economy is poised for a jobs-filled recovery. From peak to trough, Metro Atlanta lost 13.6% of its jobs to the COVID-19 recession. But unlike the jobless recoveries that followed the last…

Economy: Jobs Recovery

Georgia will fully recover the jobs lost to the COVID-19 recession much faster than it recovered jobs lost to either the 2001 recession or the Great Recession. Of course, the jobless recoveries that followed those recessions set a low bar.…

2021 Industry Outlook

While the COVID-19 pandemic seriously damaged Georgia’s economy last year, the state fared better than the nation, and many forces are at work that will sustain economic recovery throughout 2021. In fact, the forecast calls for Georgia’s inflation-adjusted gross domestic…

Economy: Housing Boom

Despite COVID-19, Georgia’s homebuilding industry did very well in 2020 and is likely to rise in 2021. The boom will be broadly based and will include increases in sales of new and existing homes, permits to build single-family and multi-family…

Economy: Continued Recovery

The COVID-19 recession was brief but steep and did a lot of damage to Georgia’s economy. The peak-to-trough drop in employment was 11%, worse than the 8% drop caused by the Great Recession. But, unlike the Great Recession, the COVID-19…