Economics

Monthly Economic Commentary by Dr. Simon Medcalfe

The Labor Market Index increased 0.1 percent in January from December with only the unemployment rate moving in an adverse direction. The index is 0.8 percent

In January the Augusta Leading Economic Index decreased 0.1 percent from December. The index was led lower by declining residential building permits, higher initial claims for unemployment insurance, and fewer job openings. The index remains 0.6 percent higher than January 2018.

The probability the Augusta economy is in recession in January remains low at 1.6 percent.