The center released its Spring Quarter forecast, predicting the slowdown will likely last through the year. But the report expects the local and state economy to rebound in 2002 and into 2003, however.
Atlanta's unemployment rate, which fell to 2.8% in 2000, has climbed above 3%. The report estimates it will rise to 3.3% this year and 3.5% in 2002, largely as a result of wide-sread layoffs and restructurings among technology companies.
Manufacturing also turned soft and growth in construction employment stalled late in 2000. The metro unemployment rate should slide back a little to 3.4% in 2003.
The state's rate will jump to 4% in 2001, go up to 4.2% next year and remain at that level in 2003. After adding 108,300 jobs in 2000, Georgia is likely to add only 34,200 jobs this year. But the report expects the number to jump to 75,700 in 2202 and 89,300 the following year.
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