That's the word from the director of Georgia State University's Economic Forecasting Center. Rajeev Dhawan said job losses continue to plague the Peach State. The third quarter of 2009 saw more than 50,000 jobs lost in Georgia, the fourth dismal quarter in a row.
Tax collections in the state also continue to plummet. Dhawan said that's because unemployed Georgians are spending less.
Dhawan says that hospitality and airline industries will continue to suffer from cutbacks in business travel and other corporate belt-tightening. But the Kia plant opening in west Georgia is good news for the state.
Dhawan said he sees the state's fiscal picture should improve in 2011.