Jeffery Humphreys

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,…

Economy: Logistics in Motion

Georgia’s logistics industry is a substantial and dependable source of jobs, economic activity and economic growth. The large number of economic development announcements over the last few years strongly implies that once we get past the trade war, the prospects…

Economy: Macon Momentum

Macon is building momentum for growth. Assuming that the trade war does not intensify – and recession therefore is avoided – Macon’s total employment will rise by 0.8 percent this year (800 jobs) and 0.3 percent in 2020 (300 jobs).…

Economy: Optimistic Outlook

The economic outlook for the Augusta metropolitan statistical area (MSA) is favorable for the remainder of this year. Employment is expected to increase by 5,400 jobs. The 2.2 percent pace of job growth is the highest anticipated for any of…