Occupied positions include credit officers, underwriters, loan intermediaries and customer service for offices in Buckhead and Alpharetta. This is a sign that the Atlanta housing market is still strong.
However, in large areas of the economy, the continued spread of coronavirus is cooling consumer spending, Wald said. “The bad news is that even if it reopens, you still have more than 600,000 people in Georgia in unemployment benefits. That’s more than the combined populations of Augusta, Columbus, Savannah and Albany. “
Meanwhile, those who lost their jobs due to the pandemic no longer receive an additional $ 600 a week from the federal government. The hard-line congress has so far been unable to reach a compromise on the new aid package.
Other data show that the economy is reopening to the end.
At the end of July, Georgians worked 21
% fewer hours than at the end of February, while hours in Atlanta were 26% lower, said Andrew Vogeley, a product manager at Homebase, which sells a time planning and tracking tool.
Things looked better a month ago, he said.
More people worked in mid-June, Vogeley said. “Georgia and Atlanta are down from the peaks in mid-June. Atlanta has surpassed the rest of the country, but is now lagging behind. “
At the national level, the US Department of Labor announced 1.4 million original job applications, an increase of 12,000 from the previous week.
The Georgian Ministry of Labor, flooded by an unprecedented flood of claims, has lagged behind. Many unemployed people waited months to pay their benefits. However, after a slower improvement, the state has now paid 92% of claims considered valid, said Labor Commissioner Mark Mark Butler.
For months, the State Department of Labor has struggled with an unprecedented wave of layoffs and needed to implement new federal programs. Mark Butler, Georgia’s labor commissioner, says recent proposals for unemployment benefits will make the tough situation worse.
With an unprecedented level of unemployment claims, money to pay benefits is falling. The balance in the state unemployment insurance fund is currently less than 25% of the $ 2.5 billion it had at the time of the crisis.
Should this fund be exhausted, Georgia would have to borrow from the US Treasury to make payments.
Many allegations came from those who lost their jobs in hotels, catering, health and social work, retail, administrative services and manufacturing, the Labor Ministry said.
Many of these jobs were paid less.
According to the Census Bureau, more than 50% of adults who produce $ 75,000 or less a year lost income in a pandemic. For those with a salary of $ 25,000 or less, at least 60% lost income.
“This recession is having a severe impact on the people who are least able to cope with it,” said Mike Alexander, director of the Center for Habitable Communities at the Atlanta Regional Commission.
New job applications in Georgia
End of the week
June 6: 135,254
June 13: 131,997
June 20: 125,725
June 27: 117,485
July 4: 105 160
July 11: 138,452
July 18: 122,313
July 25: 84,984
Sources: US Employment and Training Administration, Georgia Department of Labor