Jeffery Humphreys

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: 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: 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…

Economy: Money on the Table

Postsecondary education pays off. That’s true for Georgians who earn college degrees as well as for Georgia’s economy as a whole. And it’s true during good economic times and bad ones. Despite COVID-19, the payoff is likely to increase in…

Economy: Automation Acceleration

As we look ahead to life and work after a pandemic, one legacy of COVID-19 will surely be the accelerated adoption of automation, artificial intelligence (AI) and other technologies that facilitate remote work and social distancing. In addition to making…

Economy: Will We Recover?

COVID-19 unexpectedly ended the nation’s record-long economic expansion, triggering sharp declines in economic activity and employment. Full recovery from the COVID-19 recession will not come quickly, but we will get through this. Georgia’s economic development prowess and a pipeline full…

Economy: Atlanta Ascending

This year, Atlanta can expect continued economic expansion, underpinned by business development, an educated workforce, innovation, above-average population growth and the housing recovery. The pace of job growth, however, will slow sharply, reflecting external factors such as the trade war,…