Local Economic Forecast to be Presented at Upcoming AU Event
By Kelsey Morrow
Our country might be going through some changes, but the Augusta economy has stayed consistent.
According to Simon Medcalfe, Ph.D., Associate Professor of Finance at Augusta University’s Hull College of Business, over the last month the Labor Market Index has remained unchanged. While the local economy saw increases in weekly earnings and hours worked, this was cancelled out by a rise in the unemployment rate and a decrease in the number of jobs. The indicators for the immediate future are not any better: the Leading Economic Index registered its third consecutive decrease at 0.2%. As to the long term future, we will have to see which of Trump’s economic policies he prioritizes upon taking office.
Medcalfe will be going into more detail about the local economic outlook at the 9th Annual Economic Forecast Breakfast, taking place December 14 from 7:30-8:30 a.m. at Augusta University’s Summerville Campus.
At the breakfast, Simon will offer up his thoughts on whether he feels there will be jobs and housing growth in the CSRA in the year ahead and whether President Trump may alter things.
Support for the Economic Forecast Breakfast is provided by the Wells Fargo Bank Endowment.
This is a free event and open to the public, however reservations are required.
To RSVP, contact Mrs. Dionne McCracker at firstname.lastname@example.org or 706-737-1418