About The times. (Gainesville, Ga.) 1972-current | View Entire Issue (June 20, 2020)
Nate McCullough | News Editor 770-718-3431 | news@gainesvilletimes.com The Times, Gainesville, Georgia Weekend Edition - June 20-21,2020 BUSINESS Hospitality industry had 73% jobless BY JEFF GILL jgill@gainesvilletimes.com The unemployment rate was 73% for those working in Hall County’s hospitality industry in April, or at the height of the shut down due to the COVID-19 pandemic. “That was a devastating impact to our workforce in the community,” Stacey Dick son, Lake Lanier Convention & Visitors Bureau president, said Wednesday, June 17, during a tourism webinar sponsored by the Greater Hall Chamber of Commerce. In comparison, the overall unemploy ment rate in Hall was 10.6% in April, an all-time high, according to the Georgia Department of Labor. Hall’s jobless numbers in May will be released later this month. “The good news is that, as businesses have been able to reopen, (the jobless) fig ure is more in the 25% range, so we are definitely rebounding,” Dickson said. “And hopefully, our businesses and our patrons will respect the guidelines that have been set forth... in order to be able to stay open. “Just because we’re emotionally tired of the pandemic doesn’t mean it’s gone. The more our local businesses are able to adapt and adhere to the restrictions, the fewer closures we’ll have to go through later.” The CVB is working with businesses on such tasks as putting in social distancing signs. “We’ve made 400 masks for front desk workers, housekeepers and others on the front lines in tourism, and all that is to be able to help our businesses stay open and be vital during this transition time,” Dickson said. There are some bright spots in the tourism economy, including talk of a federal tax credit for Americans taking vacations, she said. Otherwise, people are looking for trips closer to home. “Even in the midst of this depression situ ation, destinations like Lake Lanier are feel ing a kind of (boost),” Dickson said. “Our inquiries for information about travel have never been higher. The pent-up demand ... is so high for travel that now we’re having to figure out how to respond to that and help connect the dots for people.” PEEK INSIDE THE NEW NGHS MEDICAL PARK 2 Photos by SCOTT ROGERS I The Times The Northeast Georgia Health System’s new Medical Park 2 is open on Tuesday, June 16. The 72,000-square-foot medical office building is home to several Northeast Georgia Physicians Group practices, including some that will incorporate resident physicians and a new retail pharmacy. A patient treatment room is open Tuesday, June 16, inside the new Medical Park 2. Radiology coordinator Jessica Roberts shows off an X-ray room inside the new Medical Park 2. Georgia unemployment rate shows improvement in May BY JEFF GILL jgill@gainesvilletimes.com Georgia’s preliminary May jobless rate is 9.7%, dropping from April’s 12.6%, accord ing to the Georgia Department of Labor. The number of those working was up 144,877 over April, but down 480,592 compared to this time last year, and totals 4.4 million, the depart ment said in a news release Thursday, June 18. “I think we are going to continue to see big drops in the unemployment rate as Georgia continues to open back up,” Commissioner Mark Butler said. “We have to remember that the recent unemployment was not caused by an economic catalyst, but instead by a medical emergency. Those jobs are still out there for the most part.” The Hall County area’s unemployment rate for May was not available Thursday. The job less rate hit 10.6% in April, an all-time high. In April 2019, Hall’s jobless rate was 2.6%. Hall’s jobless rate increased by more than 7 percentage points between March and April 2020, during widespread business shut downs due to the COVID-19 pandemic. The rate in March was 3.4%, according to the labor department. “I think as Georgia starts to reopen, we’ve got to really take a look at where the perma nent job losses are going to be,” Butler said. “Through our strategic partnerships, we can help match those individuals who may have lost their job to the many job openings currently available, even if that takes some retraining.” More than 95,000 jobs are listed online at EmployGeorgia.com. The department says it offers online resources for finding a job, building a resume and helping with other reemployment needs. Jackson EMC resuming disconnections due to unpaid bill s BY NATHAN BERG nberg@gainesvilletimes.com Jackson EMC will soon resume disconnecting services when bills are not paid. The membership-owned electric cooperative suspended disconnects March 16 but will resume July 15. Members who are still unable to pay their bills are encouraged to contact Jackson EMC by July 10 to avoid disconnection. April Sorrow, director of public relations and communication for Jackson EMC, said the organization would work with its members strug gling to make payments. “Our goal is to keep electricity running to everyone’s homes,” she said. “We’ve grown accustomed to a lifestyle that really requires elec tricity, so that’s always our goal. Our customer service representatives are here to help work on those situations on a case-by-case basis.” Sorrow said all situations are dif ferent and Jackson EMC would offer options to those who need them. Sorrow said in some cases, Jackson EMC would be open to allowing mem bers to “pay a little bit now and then a little bit later. ” She also said there are many organizations in Hall County that are offering financial help to keep the power on, including the Divi sion of Family and Children Services, the Salvation Army and United Way. “We’ve been working with mem bers as they reach out to us to discuss their situation,” she said. “Working with them on making sure they can keep power running to their homes and that they can make payments in a way that best works for them.” How to get help Organizations providing financial help to those struggling to pay utility bills in Hall County: ■ Division of Family and Children Services: 770-532-5298 ■ Low Income Home Energy Assistance Program: 866-674-6327 ■ Ninth District Heat/Cooling Assistance: 855-636-3108 ■ Partnership Against Domestic Violence: 404-873-1766 ■ Salvation Army: 770-534-7589 ■ First Baptist Church: 770-534-7354 ■ St. Vincent DePaul: 678-892-6163 ■ United Way: 706-353-1313 The Market in Review Stock Exchange Highlights 1 NYSE 11,980.12 -92.48 A Nasdaq 9,946.12 +3.07 Gainers ($2 OR MORE) Name Last Chg %Chg TortAcq 14.04 RayAdvM 2.87 ChiRap rs 2.65 NescoHId 4.22 GpSuprvi 2.28 Diebold 5.97 Cryolite 18.89 LeafGrp 3.06 HarmonyG 3.28 Tsakos 2.31 +3.82 +37.4 +.42 +17.1 +.32 +13.7 +.47 +12.5 +.21 +10.1 +.53 +9.7 +1.51 +8.7 +.24 +8.5 +.25 +8.3 +.17 +7.9 Gainers ($2 OR MORE) Name Last Chg %Chg Losers (S2 Name Last OR MORE) Chg %Chg AshfHT pfF 8.13 AshfrdH pfH 8.03 AshfrdH pfl 8.02 AshfrHpfG 8.12 AshfrdpfD 12.56 GrayTvA 11.46 Ampco 3.26 AtHomGr 6.90 Prmian 3.33 SJuanB 2.48 -2.19 -1.96 -1.91 -1.62 -2.44 -1.93 -.54 -.87 -.41 -.29 ■21.2 ■19.6 ■19.2 ■16.6 ■16.2 ■14.4 ■14.2 -11.2 -11.0 ■10.6 Most Active ($1 OR MORE) Name Vol (00) Last Chg FordM 1254871 BkofAm 1248307 GenElec 885351 CallonPet 796577 NorwCruis 782577 AT&T Inc 748345 WellsFargo 718823 OcciPet 701676 Boeing 670628 SwstnEngy 558823 6.23 -.10 25.25 +.21 7.15 -.13 1.38 -.12 18.22 -1.09 30.31 -.04 27.60 +.05 19.71 +.04 187.02 -5.27 2.75 -.21 Diary Advanced Declined Unchanged Total issues New Highs New Lows Volume 868 1,736 75 2,679 43 4 7,976,990,756 BrdwyFn h 3.31 UrbanOne 36.30 BeasleyB 3.86 9F Inc n 8.41 Franchise n 24.65 CelldexT 13.41 AldHIPrd 12.26 OceanBio 8.85 StrgbrBio 4.40 CmstkH 2.99 +1.61 +11.30 +1.20 +2.37 +5.89 +3.03 +2.38 +1.61 +.80 +.54 +94.7 +45.2 +44.9 +39.1 +31.4 +29.2 +24.1 +22.2 +22.2 +22.0 Losers ($2 Name Last OR MORE) Chg %Chg Beyondsp 13.55 AyalaPh n 10.67 GordPunh 13.47 Euros hrs 2.74 ASoftlf 17.05 RexahnPh rs2.98 NorSys 3.91 DuosTch n 4.74 EpsilonE 2.85 Tech Com If 3.90 -3.05 -18.4 -2.37 -18.2 -2.60 -16.2 -.50 -15.4 -3.01 -15.0 -.52 -14.9 -.68 -14.7 -.81 -14.6 -.46 -13.9 -.59 -13.1 Most Active ($1 0R more) ' Vol (00) Last Chg Name BrdwyFn h1710766 3.31 UtdAirlHI 1005441 36.84 AmAirlines 918196 16.00 UrbanOn h 724509 4.15 Apple Inc 652912 349.72 Intel 603340 59.62 AMD 527709 54.23 Ideanom h 503359 2.22 GeniusBr h491972 2.94 DraftKin n 462493 42.00 +1.61 -2.50 -.49 +.52 -2.01 -.46 +.19 +.16 +.15 +1.16 Diary Advanced Declined Unchanged Total issues New Highs New Lows Volume 1,401 1,642 121 3,164 153 8 5,919,761,899 Stocks of Local Interest Name Ex Div Yld PE Last YTD Chg %Chg AFLAC 1.12 3.1 11 36.60 -.51 -30.8 HomeDp 6.00 2.4 25 246.65 -2.56 +12.9 AT&T Inc 2.08 6.9 15 30.31 -.04 -22.4 Ideanom h 2.22 +.16 +159.3 AbbottLab 1.44 1.6 48 90.68 +.40 +4.4 Intel 1.32 2.2 20 59.62 -.46 -.4 AMD 54.23 +.19 +18.3 IBM 6.52 5.4 13 122.47 -1.69 -8.6 Altria 3.36 8.3 13 40.69 -.78 -18.5 JohnJn 4.04 2.8 24 143.83 +.42 -1.4 AmAirlines .40 2.5 5 16.00 -.49 -44.2 Lowes 2.20 1.6 30 133.83 -.72 +11.7 Apple Inc 3.28 .9 32 349.72 -2.01 +19.1 Macys 2 6.88 -.41 -59.5 ATMOS 2.30 2.3 19 99.72 -1.73 -10.9 McDnlds 5.00 2.7 28 186.56 -2.93 -5.6 AutoZone 201130.60 -9.46 -5.1 Merck 2.44 3.1 29 77.90 +1.68 -14.3 AveryD 2.32 2.0 33 114.52 -1.95 -12.5 Microsoft 2.04 1.0 38 195.15 -1.17 +23.7 BP PLC 2.46 10.4 7 23.67 -.02 -37.3 NwGold g 1.12 +.01 +27.3 BkofAm .72 2.9 9 25.25 +.21 -28.3 NorflkSo 3.76 2.2 18 170.26 -4.12 -12.3 Biocept h .87 -.08 +203.8 NorwCruis 4 18.22 -1.09 -68.8 Boeing 17 187.02 -5.27 -42.6 OasisPet .00 -.11 -69.4 BrMySq 1.80 3.2 19 56.41 +.44 -12.1 OcciPet .04 .2 15 19.71 +.04 -52.2 BrdwyFn h 4 3.31 +1.61 +114.9 OfficeDpt .10 4.3 7 2.30 -.12 -16.1 CSX 1.04 1.5 16 67.99 -1.48 -6.0 PepsiCo 4.09 3.1 15 131.28 -1.50 -3.9 CallonPet 3 1.38 -.12 -71.4 Pfizer 1.52 4.5 13 33.42 +.18 -14.7 CampSp 1.40 2.8 18 49.14 +.09 -.6 PhilipMor 4.68 6.5 15 72.20 -1.23 -15.1 Carnival 4 17.83 -.99 -64.9 Primerica 1.60 1.4 14 118.10 +1.04 -9.5 Caterpillar 4.12 3.2 12 127.46 -.13 -13.7 ProctGam 3.16 2.7 27 118.92 -.36 -4.8 Chevron 5.16 5.7 13 90.63 -1.31 -24.8 RegionsFn .62 5.2 9 12.00 -.36 -30.1 Cisco 1.44 3.2 18 45.32 -.51 -4.8 SeanrM h .19 +.00 -64.5 Citigroup 2.04 3.9 7 52.92 -.12 -33.8 SouthnCo 2.50 4.7 25 53.61 -2.50 -15.8 CocaCola 1.64 3.6 28 46.02 -.97 -16.9 SwstnEngy 3 2.75 -.21 +13.6 ConAgra .85 2.5 22 33.55 -.69 -2.0 SynovusFn 1.32 6.0 6 21.99 -.12 -43.9 Cummins 5.24 3.0 49 174.29 +3.06 -2.6 TOP Sh rs .15 -.00 -81.1 DeltaAir 4 29.51 -1.28 -49.5 3M Co 5.88 3.7 22 158.15 -1.06 -10.4 DenburyR .38 -.04 -73.0 TruistFn 1.80 4.6 10 39.34 -1.16 -30.1 Disney 1.76 1.5 15 114.35 -4.02 -20.9 Tyson 1.68 2.7 11 63.22 -.80 -30.6 Dupont 1.20 2.3 6 52.60 +.02 -18.1 UtdAirlHI 4 36.84 -2.50 -58.2 Equifax 1.56 .9 29 167.90 -2.94 +19.8 UtdCmBks .72 3.6 12 19.94 -.03 -35.4 ExxonMbl 3.48 7.6 11 45.98 -.94 -34.1 UPS B 4.04 3.7 18 107.77 +.19 -7.9 FordM 5 6.23 -.10 -33.0 UrbanOn h 4.15 +.52 +118.4 GenElec .04 .6 7.15 -.13 -35.9 Vereit .31 4.5 6.78 -.20 -26.6 GeniusBr h 2.94 +.15 +976.9 VerizonCm 2.46 4.4 13 56.16 -.73 -8.5 GenuPrt 3.16 3.6 16 87.58 -.66 -17.6 Vodafone .97 6.2 15.65 -.20 -19.0 GlbeLife .75 1.0 6 76.20 -.44 -27.5 WalMart 2.16 1.8 69 119.85 +1.86 +.8 HP Inc .48 2.9 5 16.78 -.14 -18.3 WeisMk 1.24 2.7 11 46.56 -1.37 +15.0 Haverty .60 3.7 17 16.15 -.38 -19.9 WellsFargo 2.04 7.4 6 27.60 +.05 -48.7 Hershey 3.09 2.4 28 129.45 -3.09 -11.9 YumBrnds 1.88 2.1 32 88.26 -1.87 -12.4 Name Ex Div Yld PE Last YTD Chg %Chg Stock Footnotes: g = Dividends and earnings in Canadian dollars, h = Does not meet continued-listing standards. If = Late filing with SEC. n = New in past 52 weeks, pf = Preferred, rs = Stock has undergone a reverse stock split of at least 50 percent within the past year, rt = Right to buy security at a specified price, s = Stock has split by at least 20 percent within the last year, un = Units, vj = In bankruptcy or receivership, wd = When distributed, wi = When issued, wt = Warrants. Fund Footnotes: m - Multiple fees are charged, usually a marketing fee and either a sales or redemption fee. Source: The Associated Press. Sales figures are unofficial. Stock Market Indexes Dow Jones industrials Close: 25,871.46 Change: -208.64 (-0.8%) 30,000 27,000 24,000 21,000 27,600 26,220 24,840 10 DAYS D J F M A M J 52-Week Net YTD 12-mo High Low Name Last Chg %Chg %Chg %Chg 29,568.57 18,213.65 Dow Industrials 25,871.46 -208.64 -.80 -9.35 -3.17 11,359.49 6,481.20 Dow Transportation 9,077.75 -129.88 -1.41 -16.73 -12.31 963.80 593.52 Dow Utilities 770.61 -28.13 -3.52 -12.35 -6.74 14,183.26 8,664.94 NYSE Composite 11,980.12 -92.48 -.77 -13.89 -8.18 10,086.89 6,631.42 Nasdaq Composite 9,946.12 +3.07 +.03 +10.85 +23.84 1,522.26 1,015.63 S&P 100 1,422.04 -5.74 -.40 -1.40 +9.02 3,393.52 2,191.86 S&P 500 3,097.74 -17.60 -.56 -4.12 +4.99 2,109.43 1,181.96 S&P MidCap 1,784.72 -8.09 -.45 -13.49 -7.44 34,616.78 21,955.54 Wilshire 5000 31,612.05 -160.46 -.51 -3.88 +4.25 1,715.08 966.22 Russell 2000 1,418.63 -8.45 -.59 -14.97 -8.45 Mutual Funds Name Total Assets Obj (SMIns) NAV Total Return/Rank 4-wk 12-mo 5-year Pet Load Min Init Invt Vanguard 500ldxAdmrl LB 299,309 287.24 +6.2 +7.9/A +10.2/A NL 3,000 Vanguard TtlSMIdxAdmrl LB 232,797 76.88 +6.2 +7.8 +9.5 NL 3,000 Fidelity 500ldxlnsPrm LB 224,218 107.83 +6.2 +8.0/A +10.2/A NL 0 Vanguard TtlnSIdxInv x FB 150,224 15.86 +9.2 -2.8/C +2.1/B NL 0 Vanguard TtlSMIdxIns LB 149,008 76.89 +6.2 +7.8 +9.5 NL 5,000,000 Vanguard TtlSMIdxInv LB 131,886 76.84 +6.2 +7.6 +9.4 NL 3,000 Vanguard InsIdxInsPlus LB 118,148 277.60 +6.2 +8.0/A +10.2/A NL 100,000,000 Vanguard TtlnSIdxInsPlus x FB 116,373 106.07 +9.2 -2.8/C +2.2/B NL 100,000,000 Vanguard TtBMIdxAdmrl Cl 113,933 11.60 +1.2 +9.2/B +4.2/A NL 3,000 Vanguard Insldxlns LB 105,846 277.58 +6.2 +8.0/A +10.2/A NL 5,000,000 Fidelity Contrafund LG 96,377 14.83 +6.4+17.6/C +13.5/B NL 0 Amer. Fnds GrfAmrcA m LG 95,293 54.59 +6.8+16.9/C +12.3/C 5.75 250 Cl -Intermediate-Term Bond, FB -Foreign Large Blend, IH -World Allocation, LB -Large Blend, LG -Large Growth, LV -Large Value, MA-Moderate Allocation, WS -World Stock, Total Return: Chng in NAV with dividends reinvest ed. Rank: How fund performed vs. others with same objective: A is in top 20%, E in bottom 20%. Min Init Invt: Minimum $ needed to invest in fund. Source: Morningstar.
