Expert says despite improved federal data, Georgia still faces inflationary pressures

Expert says despite improved federal data, Georgia still faces inflationary pressures

In The News

Expert says despite improved federal data, Georgia still faces inflationary pressures

While the July and August Consumer Price Index numbers show “inflation has stalled,” a Georgia expert warns that “we’re not out of the woods yet.”

On Tuesday, the U.S. Bureau of Labor Statistics announced that the CPI rose 0.1% in August and 8.3% year-over-year.

“There are warning signals, including worldwide drought and continued energy disruptions, that inflation is not yet tamed,” Erik Randolph, the Georgia Center for Opportunity’s (GCO) director of research, said in a statement. “Moreover, Federal Reserve policy is refusing to allow the price level to come back down, meaning that most households will continue to contend with higher prices and lagging income growth.”

Meanwhile, a National Federation of Independent Business survey found optimism has improved, but inflation remains a challenge for small businesses.

Expert says despite improved federal data, Georgia still faces inflationary pressures

Gwinnett government departments will begin presenting 2023 budget requests on Monday

In The News

Gwinnett government departments will begin presenting 2023 budget requests on Monday

Although Brockway is a newbie on the team, he is no stranger to dealing with budget requests. As a member of the Georgia House of Representatives, Brockway served on the House Appropriations committee among other committees.

 

Videos of each department’s business plan presentation will be made available on TVGwinnett, which is the county’s government access channel. On-demand videos of each presentation will also be available on the county’s website, www.gwinnettcounty.com

 

The proposed 2023 county budget that the review team will help craft will be presented to the public in November. County officials are planning to hold a hearing on Dec. 5 and the Board of Commissioners will vote on the budget at the first board meeting in January 2023.

Expert says despite improved federal data, Georgia still faces inflationary pressures

New economic data shows that Georgia is outperforming many states

In The News

New economic data shows that Georgia is outperforming many states

Minnesota saw the best change in unemployment, while the District of Columbia reported the worst change, according to WalletHub. Nationwide, 18 states have recovered all their jobs lost due to the COVID-19 pandemic.

Meanwhile, a Georgia non-profit is crediting Georgia’s response to the COVID-19 pandemic for its economic standing.

“While the White House is taking credit for the job recovery, the credit really belongs to just 18 states — and Georgia is among them,” Erik Randolph, director of research for the Georgia Center for Opportunity, said in a statement. “These states are the only ones who have recovered all their jobs lost to COVID-19 pandemic shutdowns.

Expert says despite improved federal data, Georgia still faces inflationary pressures

Georgia policy groups say Biden plan to forgive student loan debt ‘simply transfers the burden to taxpayers’

In The News

Georgia policy groups say Biden plan to forgive student loan debt ‘simply transfers the burden to taxpayers’

(The Center Square) — President Joe Biden’s plan to forgive some federal student loan debt received a lukewarm reaction from some Georgia groups who say the policy is unfair and won’t help ease inflation.

“We’re disappointed to see yet another policy out of Washington that creates more problems than it solves,” Eric Cochling, the chief program officer and general counsel for the Georgia Center for Opportunity, said. “In addition to contributing to already runaway inflation, this plan from the White House doesn’t actually forgive debt, it simply transfers the burden to taxpayers.”

Media Statement: Decrease in the CPI is welcomed good news

Media Statement: Decrease in the CPI is welcomed good news

Erik - CPI decrease

Media Statement: Decrease in CPI is welcomed good news, but new policy is not good news for working class and poor

Today the U.S. Bureau of Labor Statistics announced that the Consumer Price Index (CPI) remained even in July, reducing the year-over-year inflation rate to 8.5%. That is a reduction in the rate from June, which was 9.1%.

The Georgia Center for Opportunity’s (GCO) take: “July’s ever-so-slight decrease in the CPI is a sliver of welcome good news in an economic environment where there doesn’t seem to be much good news,” said Erik Randolph, GCO’s director of research. “July’s price level — defined as the weighted average price across the board for goods and services purchased by households — ticked down 0.2% at an annualized rate. But we should pause before getting too enthusiastic about the news. The CPI is still 8.5% higher than 12 months ago, and it is unlikely that the miniscule CPI drop will turn into a sustainable trend. A big reason is federal policy. Congress is about to hike spending yet again with the erroneously named Inflation Reduction Act, and the Federal Reserve acknowledged that its goal is to just bring the inflation rate down to 2%, meaning they will take steps to prevent the price level from coming down from its elevated level. This is horrible policy on both accounts, especially for the working class and the poor, who carry a heavier economic burden with higher prices for what they need to purchase.”

Meet Eric Watson of Express Employment Professionals

Meet Eric Watson of Express Employment Professionals

Meet Eric Watson of Express Employment Professionals

Key Points

  • Express Employment professionals works with 70 companies in Gwinnett and in DeKalb Counties to help them find top talent.
  • Eric has utilized the BETTER WORK portal to help job seekers streamline the application process. 

  • Workers are getting multiple jobs to cover all these expenses to sustain their quality of life amidst inflation.

A BETTER WORK Partner who helps job seekers find positions where they can thrive

Eric Watson and his wife started Express Employment Professionals almost two decades ago. They focus primarily on long-term contract staffing in manufacturing, warehousing logistics, office administration, and professional placement. Express Employment professionals works with 70 companies in Gwinnett and in DeKalb Counties to help them find top talent. 

“Once we’ve helped these companies find good people, the company will either hire them immediately as a direct hire, or they’ll attempt to hire,” Eric says.

For employees who aren’t brought in as immediate direct hires, Express Employment professionals takes them on temporarily for a 90-day period, after which they’re released and hired full-time by their respective companies.

 

Helping a diverse job seeker base find employment

Eric and his team work with a wide range of individuals, communities, and organizations to place strong job candidates with the companies that need them. They partner with nonprofits in both Gwinnett and DeKalb Counties. Some of these organizations include Goodwill, resettlement agencies in Clarkston, and Center for Pan Asian Community Services (CPACS) in Chamblee. 

Additionally, Eric works with Neighborhood Cooperative Ministries in Norcross, who ultimately referred him to BETTER WORK. Since our partnership with Eric began, he has utilized the BETTER WORK portal to help job seekers streamline the application process. 

“It’s very easy for us because BETTER WORK applicants apply on the portal,” Eric says. “We get emails periodically from folks who are interested in applying for our open positions.

“We have someone designated in my office who determines if we’ve got a position, and whether applicants match the skill set and experience there we’re looking for. Then, we schedule them for an interview, bring them in, and hopefully get them placed very quickly.”

Eric and his team provide a monthly flier highlighting the top job openings available through BETTER WORK. It’s a one-page sheet listing positions they’re trying to fill, including jobs in office administration, accounting, human resources, manufacturing, warehousing, specialty staffing, and more.

“It’s very easy for us because BETTER WORK applicants apply on the portal.”   

               Eric Watson 

 

 

Insert the same content here to work on mobile and tablet.

Common employment obstacles in Gwinnett County 

In the current environment, both employers and job seekers alike are facing a plethora of obstacles. According to Eric, Gwinnett County’s greatest employer obstacle is finding workers. 

“Our biggest challenge is finding workers who are work-ready,” he says. “There seems to be a huge shortage of folks who are available and willing to work. I think we’re very close to, if not at full, employment. It’s just very, very difficult.” 

Eric says that it’s common for workers to leave the jobs they’re placed in within days to weeks of beginning work. Company loyalty has become a thing of the past, and workers are more prone to moving from one job to another rather than staying in one place. 

“I think workers are trying to seek out the best compensation package,” Eric says. “A lot of times, that includes more benefits. On the flip side, I think employers are starting to offer more flexible work schedules to attract folks.” 

Prior to the COVID-19 pandemic, Eric says it was more difficult for workers to find flexible jobs. However, he’s observed that employers are more willing to consider flexibility these days. 

For workers, the greatest roadblock is making enough money to sustain their quality of life amidst inflation and skyrocketing prices of gas, food, and necessities. Since disposable income is dropping, Eric says workers are getting multiple jobs to cover all these expenses.

“Workers may have a primary job,” Eric says, “but then they have a secondary job after hours or on the weekends just to make ends meet.” 

Because of companies’ need for workers and workers’ need for flexibility and a stronger income, Eric says this is a workers’ market. One of his most memorable job placements was a woman from Lilburn who was looking for a company that would accommodate the schedule she needed. 

“A packaging company in Stone Mountain, about 15 minutes from her home, accommodated her on the schedule she asked for,” Eric says. “It’s not a traditional 8-to-5, Monday through Friday. She was able to work in the middle of the afternoon till the early evening hours.

“The company was able to accommodate her in order to be able to get her. She’s very happy and is working toward permanent employment.”

BETTER WORK is proud to partner with businesses and community organizations like Express Employment Professionals. This collaboration in the Georgia communities of Gwinnett County in metro Atlanta and Columbus prepares lower income populations for a better future through meaningful work and upward mobility. Businesses, nonprofits, community providers, religious institutions, and job placement agencies all come together to provide a local safety net.

Learn more about Express Employment Professionals here.