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{ecepts New Position
Rick Rainter has served as minister of music and youth
at Pennville Baptist Church for the past two years He
recently accepted a new position at Ramona Boulevard
Baptist Church in Jacksonville, Fla. He will begin his
duties there on Monday, Sept. 21. He is shown with his
wife. Donna, and their children Michelle, Melissa and
Rich
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1 ne summervile News, 1 hurs., deptL. 17,1981
2-B
Georqin's unemployment
rate has leveled off and, based
on a technicality, actually has
come down a tad, Labor Com
missioner Sam Caldwell said
Loda*.
“The economy is still ve
much a mixed bag,” Caldwai
said. "It's like one of those
days when 1t is raining and
the sun kees)s on shining.
Employment ooks a bit bet
ter in the state, there is some
moderating of the inflation
rate, but interest rates remain
too high."”
The Georgia Department
of Labor reported a 6.2 per
cent jobless rate for July, the
latest month for which official
figures are available. This
matches exactly the rate first
reported for .{une. but the
original 6.2 percent June rate
was a preliminary estimate. It
was later adjusted to an ac
tual and accurate 6.3 percent
— meaning that technically
July's rate (6.2) is slightly
lower.
Caldwell said that,
“Georgia is approaching hav
ing 2,300,000 on jobs in this
WHITE LILY
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Rudy’s Farm RUDYS .. Rudy’s Farm
SAUSAGE $1 49 ;mfi‘xf 5 COUNTRY 9 149
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GOLDEN RIPE
CHIQUITA
BANANAS
29°
LB.
éé'érgia Unemployment Levels Off At 6.2%
state — we've gained some
64,000 jobs in a year's time.”
July's figures reveal that
there are 2,291,109 on jobs in
Georgia, with 151,714
unemployed. The latter figure
is an improvement over June,
when 153,044 were listed as
jobless. And from July-to-
July, 1980 to 1981, there are
now 63,877 more Georgians
on jobs in a single year’s time.
A year past, in July, 1980,
there were 2,227,232 working
Georgians. From June to July
of this year, the job situation
improved by 2,250, a signifi
cant increase during a time
when the economy is sup
posedly sufferinF a downturn.
“These all represent
positive indicators,” Caldwell
said. "'They demonstrate that
even during times of economic
uncertainty in this country
that Georgia can continue to
grow and prosi)er."
“As we celebrated Labor
Day, inflation was the gravest
problem facing our country,”
said Caldwell. “Even though
our inflation rate is much too
high, it graphically depicts
LYERLY
LTI woy
Formerly Piggly Wiggly, now owned and operated by Mike
Woodard. We invite you to shop in Lyerly for real down
home values. At Lyerly Food Center we promise you fast,
friendly, and courteous service, SO come in today and shop
with home folks.
Y ([T (LY
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the fact that inflation is a
world-wide problem.
“For example, inflation in
Argentina is a whopping 200
gercent. and inflation is still
urning along at double-digit
pr«éponions in Italy, France
and Great Britain, as well as
the United States.
“In Georgia we are a little
more fortunate than many of
our sister states, because in
our home state we are for
tunate enough to be blessed
with a diversified economy.
Contrast that with the state of
Michigan which is so closely
tied to the automotive in
dustry — and Georgia is in
much better shape.”
Nationwide the jobless
rate for August was 7.2 per
cent, up from July's 7 percent,
with 98.9 million Americans
working and 7.5 million others
jobless. :
“The Consumer Price In
dex is still being unduly af
fected by the l%rge weight
assigned to housing,”’
Caldwell said. ‘‘Home financ
ing costs jumped 3.2 percent,
reflecting substantial in
WE GLADLY
AT
IR
creases in house prices and
home mortfage rates.”
Caldwell said that in
Atlanta, (the 15-county metro
area) as example, there were
823 housing permits issued
during July — compared to
1,524 during July 1980. But
overall, from July 1980 to Ju-
B! 1981, housing 'permits were
own only slightly — 7,228 to
6,908,
Manufacturing showed a
loss of 5,300 emp%oyees in Ju
ly, 4,900 of which were
centered in the durable goods
sector, and to be specific, in
transrortation equipment
manufacturing. The reason for
this decrement was due, for
the most fpart. to a partial
shutdown for retooling in con
nection with model changes in
motor vehicle manufacturing.
This was combined with
less business in ship building
and repairing to account for
the loss. On the positive side
of this sector, aircraft
manufacturing reflected an in
crease in business. Other
areas of manufacturing with
declines in employment were
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finishers of broad woven cot
ton fabrics, due to temporary
shutdowns, and curtains and
drageries and clothing
establishments, due to less
business.
Trade's decrement of 1,600
was attributed mainly to less
business in electrical ap
paratus wholesaling, wirins
supplies distribution, an
scrag and waste materials
establishments, as well as a
?artial shutdown in fresh
ruits and vegetables distribu
tion. :
The nation and Georgia
had been below double-digit
inflation all this year, until &e
aberration in July. Caldwell
pointed to other positive
economic indicators:
— Gasoline prices at the
wholesale level were down
again (fourth straight month)
and in August by 1.6 percent;
there was a 0.7 Fercent drop in
energy costs for dealers in
August.
— Food costs were down —
consumer foods dropping
from July's 1.5 percent in
crease to only a 0.2 percent in
=| Y BV
=]
OUR ECONOMY
BACON _°*7l%B
ENDS & PIECES Box
August.
— Domestic automakers,
bolstered by rebates as incen
tives, showed a 23.7 percent
sales increase in August.
(U.S. automakers sold
601,741 cars for the month,
compared to 486,420 in
August 1980).
— The economy boomed in
the first quarter, growing at
an 8.6 percent seasonally ad
justed annual rate. But real
gross national product, which
is the value of goods and ser
vices adjusted for inflation,
shrank at a 2.4 percent ad
justed annual rate in the se
cond (}:garter.
— For the leading index of
economic indicators, three of
10 available categories rose.
They were the layoff rate,
plant and equipment orders
and liquid assets. Crude
materials prices remained un
changed. The other six
categories dropped.
— The prime lending rate,
which has stood at 20.5 per
cent since early July, may be
on the verge of a decline.
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