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Michael E. Kanell

Business Reporter

Economics writer Michael E. Kanell has covered business, telecom, jobs and housing for the AJC since 1995.

Latest from Michael E. Kanell

Atlanta home prices up in December, but listings are scarce
 Atlanta home prices continued to rise, while the number of homes sold kept declining in December, according to a report issued Friday. The median sale price of a home sold in metro Atlanta last month was $250,000, a climb of 5.5 percent from the same month a year ago, according to the monthly report by the Atlanta Realtors Association. The...

Posted: 4 days ago

Atlanta home prices continued to rise, while the number of homes sold kept declining in December, according to a report issued Friday. The median sale price of a home sold in metro Atlanta last month was $250,000, a climb of 5.5 percent from the same month a year ago, according to the monthly report by the Atlanta Realtors Association. The...
Atlanta-based Popeyes under fire from animal welfare group
 An animal welfare group plans a silent demonstration at three area restaurants Saturday to lobby for changes in Popeyes’ policies toward treatment of animals. » RELATED: Popeyes’ chicken served here, but it isn’t the fast food chain serving up the meals Compassion in World Farming expects to have about...

Posted: 4 days ago

An animal welfare group plans a silent demonstration at three area restaurants Saturday to lobby for changes in Popeyes’ policies toward treatment of animals. » RELATED: Popeyes’ chicken served here, but it isn’t the fast food chain serving up the meals Compassion in World Farming expects to have about...
Cold weather a mixed blessing in Georgia agriculture
 All that is cold is not bitter. And the chill that gripped Georgia during much of the past six weeks has actually been a blessing to some parts of the state’s agriculture. While the freeze killed some kinds of plants and boosted fuel costs, it also was a salve to some crops in need – especially those under siege by insects. How...

Posted: 5 days ago

All that is cold is not bitter. And the chill that gripped Georgia during much of the past six weeks has actually been a blessing to some parts of the state’s agriculture. While the freeze killed some kinds of plants and boosted fuel costs, it also was a salve to some crops in need – especially those under siege by insects. How...
Metro Atlanta pay hikes slow despite low jobless rate
 Eight years of solid job growth, unemployment rate dropping to pre-recession levels, and yet the growth in metro Atlanta pay has decelerated — and it wasn’t that strong to begin with, according to a report this week. The median wage in the area ticked up just 1 percent in the past year, compared to a 3 percent increase the year...

Posted: 11 days ago

Eight years of solid job growth, unemployment rate dropping to pre-recession levels, and yet the growth in metro Atlanta pay has decelerated — and it wasn’t that strong to begin with, according to a report this week. The median wage in the area ticked up just 1 percent in the past year, compared to a 3 percent increase the year...
Tax cuts: How much will they mean to metro Atlanta hiring?
 If the new tax cuts are going to spur the kind of rapid growth that its sponsors promised, it will depend on tens of thousands of businesses following the path of James Stephenson. The chairman and chief executive of Yancey Bros., an Austell-based company whose main business is selling and servicing Caterpillar equipment, sees the cuts...

Posted: 12 days ago

If the new tax cuts are going to spur the kind of rapid growth that its sponsors promised, it will depend on tens of thousands of businesses following the path of James Stephenson. The chairman and chief executive of Yancey Bros., an Austell-based company whose main business is selling and servicing Caterpillar equipment, sees the cuts...
Georgia program takes man from prison to welding job
 Russell “Rusty” Hawthorne got a couple sentences into his graduation speech before he choked up. Not that emotion during such ceremonies is unusual. Minutes before, the 49 grads had marched in to the sounds of “Pomp and Circumstance” wearing caps and gowns while friends, family members and various officials looked...

Posted: 20 days ago

Russell “Rusty” Hawthorne got a couple sentences into his graduation speech before he choked up. Not that emotion during such ceremonies is unusual. Minutes before, the 49 grads had marched in to the sounds of “Pomp and Circumstance” wearing caps and gowns while friends, family members and various officials looked...
Next year looking good for growth and jobs
 The current expansion may be the third-oldest on record so far, but that doesn’t mean it will die of old age. In fact, experts cheerfully say, when it goes, it’s going to be murder. That is, a recovery must be croaked by something, whether the culprit is a spike in energy prices, a climbing interest rate, a huge overhang of debt...

Posted: 24 days ago

The current expansion may be the third-oldest on record so far, but that doesn’t mean it will die of old age. In fact, experts cheerfully say, when it goes, it’s going to be murder. That is, a recovery must be croaked by something, whether the culprit is a spike in energy prices, a climbing interest rate, a huge overhang of debt...
Home Depot buying 106-year-old Wisconsin retailer
 Atlanta-based Home Depot has purchased The Company Store, a 106-year-old retailer based in Wisconsin. The company sells textiles and home décor products, a natural accompaniment to the kinds of home products sold by Home Depot. Although The Company Store has five locations, the acquisition is not about bricks and mortar...

Posted: 26 days ago

Atlanta-based Home Depot has purchased The Company Store, a 106-year-old retailer based in Wisconsin. The company sells textiles and home décor products, a natural accompaniment to the kinds of home products sold by Home Depot. Although The Company Store has five locations, the acquisition is not about bricks and mortar...
Atlanta’s Chick-fil-A says it breaks its no-Sunday rule for a cause
 With the world’s largest airport in a chaotic and unprecedented blackout, Chick-fil-A broke its Never On Sundays policy, not for the first time and probably not the last. The Atlanta-based restaurant chain, committed since its founding to a six-day work week, made, delivered and donated 5,302 sandwiches to stranded travelers at Hartsfield-Jackson...

Posted: 26 days ago

With the world’s largest airport in a chaotic and unprecedented blackout, Chick-fil-A broke its Never On Sundays policy, not for the first time and probably not the last. The Atlanta-based restaurant chain, committed since its founding to a six-day work week, made, delivered and donated 5,302 sandwiches to stranded travelers at Hartsfield-Jackson...
Economy healed, but Atlanta’s scars from recession remain
 Ten years ago this month was the start of a vicious recession, and some scars remain even if the economy has healed. The Great Recession, the most painful downturn since the Great Depression, destroyed more than 248,000 jobs in metro Atlanta – about one of every 10 – and led to a quarter-million foreclosures. Since then, job growth...

Posted: 27 days ago

Ten years ago this month was the start of a vicious recession, and some scars remain even if the economy has healed. The Great Recession, the most painful downturn since the Great Depression, destroyed more than 248,000 jobs in metro Atlanta – about one of every 10 – and led to a quarter-million foreclosures. Since then, job growth...
Atlanta home prices up 6.1 percent over a year ago, Re/Max reports
 The median sales price of a home sold in metro Atlanta in November was up a solid 6.1 percent from the same month last year, according to a report by Re/Max Georgia. During the month, there were 6,673 homes sold in metro Atlanta. The median price of those sales was $218,000 – both of those figures slightly down from October, which...

Posted: 28 days ago

The median sales price of a home sold in metro Atlanta in November was up a solid 6.1 percent from the same month last year, according to a report by Re/Max Georgia. During the month, there were 6,673 homes sold in metro Atlanta. The median price of those sales was $218,000 – both of those figures slightly down from October, which...