Latest data good news
Whenever there’s bad economic news in this region, some people tend to fixate on it.
We’d like to turn people’s attention to some positive economic news. Over the past week, this newspaper has reported on promising job and sales tax figures.
While we’re not ready to proclaim the area free of the economic recession just yet, higher job counts, lower jobless figures and increased sales tax revenue are reasons for optimism.
In Fulton County, the unemployment rate dropped nearly 2 percentage points from last summer. Also, it’s out of the top five counties in the state for unemployment rates. That’s good news for the ranking. Montgomery County saw a similar drop in its unemployment rate, which went down 1.5 percent from the previous year. While the roughly 8 percent unemployment rate is still too high, it’s an improvement.
The job-creation numbers are encouraging. Fulton County didn’t lose any ground in its total net nonfarming jobs – 18,600 – and it saw some improvements in sectors such as goods producing and construction.
Montgomery County saw a 0.5 percent net gain in jobs, adding 100 positions, to bring its total job number to 19,200. In June of this year, there were 100 more manufacturing jobs than there were in June 2012 in Montgomery County.
Sales tax revenue in both counties increased. Fulton County’s overall sales tax revenue increased by more than $120,000 in the second quarter compared to the same period last year.
Montgomery County’s overall sales tax revenue increased by more than $38,000 in the second quarter compared to the same quarter last year.
We didn’t want to let this good news go unnoticed.