Georgia State Profile

Property damage and revenue losses hurt businesses in flood-ravaged areas, but construction contractors and retailers expected to benefit from rebuilding; state revenue collections fall short; jobless rate shrinks as unemployed leave labor force.

• State job growth fell 5.8% in August 2009 from a year ago; national job growth fell 4.4%.
• State unemployment averaged 10.2% in August 2009; the national average was 9.7%
• Personal income fell 3.4% to $330 billion in Q2 2009 from a year ago.
• Tax revenue fell 17.1% in Q2 2009 from the previous year.
• Exports fell 13.6% to $12.5 billion in the first seven months of 2009 from a year ago.
• Venture capital investment in GA fell 46% to $58.2 million in Q2 2009 from a year ago.