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First-time jobless benefit claims hit 1,125 in Floyd last month
| Oct. 2008 | Oct. 2007 | Increase | Percentage | |
| Floyd | 1,125 | 599 | Up 526 | +87.8% |
| Georgia | 72,627 | -- | -- | +75% |
Source: Georgia Department of Labor
Another jolt to the economy was in the e-mail inbox this morning: The Georgia Department of Labor reports first-time jobless claims soared by nearly 90 percent in Rome, coming in at 1,125 claims in October vs. 599 in the same month last year. -Statewide: the increase in year-over-year benefit claims was 75 percent (Details).
-Among the hardest hit: nearby Dalton with nearly 4,300 claims filed last month.
-Says Labor Commissioner Michael Thurmond: "For the third consecutive month, initial claims in Georgia have risen by more than 70 percent over the year. These statistics confirm that Georgians are facing a difficult economic environment. The rising tide of unemployment, housing foreclosures, the credit and fiscal crisis and the lingering drought have converged to form a perfect storm."
-Layoffs have come across-the-board: Manufacturing, construction, retail trade and private employment agencies have been especially hard hit, labor officials say. The latest in Rome: 91 jobs cut at Temple-Inland's box plant.
Latest buzz from Broad Street
-Parker Systems creating a tech hub at 704 Broad St.: The Summerville fiber company already has an A-plus level client list in Northwest Georgia. Within a few weeks, those clients and others will have even more tech needs met including bonus server space, a 100-percent-ready "loaner" office should an on-site emergency lead to a quick relocation and a storm-proof office in case of tornadoes. Click Business
-Rome City Market continues interior, exterior work: More than two years in the making, Walt Adams' Rome City Market is much more visible along Broad Street. The sign is now up and the "patio" area has been added. The most recent reports have Rome City Market opening next month. In addition to a cafe and wine shop, look for Riverside Gourmet to jump across Broad to join the market complex.
>Broad Street now home to Needleworks Embroidery: April Charles has moved the business from Garden Lakes to larger quarters on Broad, the former home of Broad Street Ice Cream Parlor and before that, Zuppa.
>Christmas banners up along Broad; open house begins Friday> Downtown
>Special dinners planned Friday, Tuesday at Broad Street venues> Dining
Business Buzz
-'Georgia Focus' features Northwest Georgia Credit Union's Michelle Stricklin: The interim president of Northwest Georgia Credit Union, Michelle Stricklin, is among those interviewed for the "Georgia Focus" radio program to be broadcast this Saturday and Sunday on WRGA 1470 AM/WSRM 95.3 FM. The program from the Georgia Radio Network is hosted by John Clark. The topic: How credit unions are faring well in these economic times.
-Georgia revenue collections off by $1.14 million in October: The latest net revenue numbers from the state are out. Collections for October were $1,386,860,000 vs. $1,387,997,000 for October 2007, a decrease of $1,137,000 or 0.1 percent, according to Gov. Sonny Perdue's office. Year to date, collections are off 2 percent vs. last fiscal year.
-Anheuser-Busch shareholders OK merger with InBev: AB has a brewery in Cartersville that employs 600 as well as Metal Container in Rome> AB
-Advance Rehab 'near 100 percent' in patient satisfaction scores> Health
-Track today's markets after Wednesday's fall> Google Finance
Nearly 200 people homeless in Greater Rome> Buzz
Listen to The Business Buzz each Tuesday and Thursday at 8:30 a.m.
on Talk Radio WLAQ 1410 AM and at 8:35 a.m. on 95.7 The Ridge.
Weather Center/brought to you by Roman Court
-40 percent chance of showers, high near 66. More rain due Friday.
-For the extended forecast, click WeatherCenter
The Football Report/ Brought to you by Printworks
-Hawks should know playoff fate by Sunday
-Shorter Hawks rise to No. 19 in latest NAIA poll> Football
-Shorter travels to Bethel for final regular season game Hawks
-John McClellan's picks: who will win this Friday
>All on The Football Report
Norman Arey's Sports Roundtable/ brought to you by Riverside Toyota
-Rumors abound: Fulmer to Clemson; Butch Davis offered $3M to come to Tenn.>Arey
Downtown Headlines
-Santa and Mrs. Claus to join downtown open house Friday, Saturday; Bryan Mullins checks out downtown entertainment options> Downtown Headlines
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