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 march evokes non-violence in Charlottesville’s wake
A diverse group of protesters decried racism, sexism and tolerance of injustice before taking to the streets of Atlanta Saturday night in a rally organized in response to last week’s violence in Charlottesville, Virginia.
The interracial crowd — numbering about 2,000 — marched to the tomb of Martin Luther King Jr. Similar...

Posted: 15 hours ago

A diverse group of protesters decried racism, sexism and tolerance of injustice before taking to the streets of Atlanta Saturday night in a rally organized in response to last week’s violence in Charlottesville, Virginia. The interracial crowd — numbering about 2,000 — marched to the tomb of Martin Luther King Jr. Similar...
Protesters gather for rally in Atlanta
 A march in Atlanta, a conversation in Decatur: The aftershocks from Charlottesville are putting the issue of Confederate monuments on the streets here Saturday night. Thousands of participants are expected at Centennial Olympic Park at 6 p.m. to hear a range of speakers before marching to rally at the tomb of Martin Luther King, Jr. on Auburn...

Posted: 21 hours ago

A march in Atlanta, a conversation in Decatur: The aftershocks from Charlottesville are putting the issue of Confederate monuments on the streets here Saturday night. Thousands of participants are expected at Centennial Olympic Park at 6 p.m. to hear a range of speakers before marching to rally at the tomb of Martin Luther King, Jr. on Auburn...
Solar eclipse: Will peak event in North Georgia bring peak traffic?
 It seems as if no major event of sports or weather is complete without a traffic jam, so a hugely anticipated, spectacularly hyped, once-in-a-century occurrence like Monday’s eclipse could provide a doozy.  After all, there’s already near-gridlock around metro Atlanta 10 times a week just from the comings and goings of a...

Posted: a day ago

It seems as if no major event of sports or weather is complete without a traffic jam, so a hugely anticipated, spectacularly hyped, once-in-a-century occurrence like Monday’s eclipse could provide a doozy.  After all, there’s already near-gridlock around metro Atlanta 10 times a week just from the comings and goings of a...
Atlanta home sales fall in July, just like the song* says
 As Eddie Cochran so eloquently put it, so many years ago: There ain’t no cure for the summertime blues.* Not even in real estate. Yes, we know. The Who made the song even more famous (and raucous). But this is the point: The sale of homes in metro Atlanta fell 16.5 percent between June and July, something that happens pretty much every...

Posted: a day ago

As Eddie Cochran so eloquently put it, so many years ago: There ain’t no cure for the summertime blues.* Not even in real estate. Yes, we know. The Who made the song even more famous (and raucous). But this is the point: The sale of homes in metro Atlanta fell 16.5 percent between June and July, something that happens pretty much every...
Total solar eclipse 2017 in Georgia: What’s the cost to business?
 Turns out there is one way to look at an eclipse without harming your eyes: through the lens of economics. Sure, it’s not romantic and not inspiring and not exactly scientific either – even if they do call economics, “the dismal science.” And sure, The Great American Eclipse – surely is a spectacular moment that...

Posted: 2 days ago

Turns out there is one way to look at an eclipse without harming your eyes: through the lens of economics. Sure, it’s not romantic and not inspiring and not exactly scientific either – even if they do call economics, “the dismal science.” And sure, The Great American Eclipse – surely is a spectacular moment that...
Georgia jobless rate ticks down despite weak hiring
 The Georgia unemployment rate dipped in July, but so did hiring as the economy continued several months of stop-and-go. After a very strong June, the state’s economy lost 14,500 jobs last month. But the jobless rate, calculated from a different survey, edged down from 4.8 percent to 4.7 percent, the state Labor Department said Thursday...

Posted: 2 days ago

The Georgia unemployment rate dipped in July, but so did hiring as the economy continued several months of stop-and-go. After a very strong June, the state’s economy lost 14,500 jobs last month. But the jobless rate, calculated from a different survey, edged down from 4.8 percent to 4.7 percent, the state Labor Department said Thursday...
Georgia unemployment rate falls, although hiring stalls
 The Georgia unemployment rate dipped in July, but hiring was also down, as the economy continued several months of stop-and-go.  After a very strong June, the state’s economy lost 14,500 jobs last month. But the jobless rate, calculated from a different survey, edged down from 4.8 percent to 4.7 percent, the state Labor Department...

Posted: 3 days ago

The Georgia unemployment rate dipped in July, but hiring was also down, as the economy continued several months of stop-and-go.  After a very strong June, the state’s economy lost 14,500 jobs last month. But the jobless rate, calculated from a different survey, edged down from 4.8 percent to 4.7 percent, the state Labor Department...
Home Depot profits break record; quarter’s sales also hit all-time high
 Home Depot, Georgia’s largest company and the world's largest home improvement retailer, Tuesday announced sales of $28.1 billion for the second quarter of its fiscal year. That was up 6.2 percent from the same quarter a year ago.  Home Depot profit for the quarter was $2.7 billion, up from the net earnings of $2.4 billion a year...

Posted: 5 days ago

Home Depot, Georgia’s largest company and the world's largest home improvement retailer, Tuesday announced sales of $28.1 billion for the second quarter of its fiscal year. That was up 6.2 percent from the same quarter a year ago.  Home Depot profit for the quarter was $2.7 billion, up from the net earnings of $2.4 billion a year...
Halfway through 2017: metro Atlanta market unbalanced, though sales and prices up
 Halfway through 2017, the Atlanta housing market seems like a plane on auto-pilot: gaining a little speed and altitude, even as it runs lower on fuel. The first half of the year saw a 7 percent increase in the median price of homes sold and a 4 percent uptick in the number of sales, according to a report by re/Max Georgia released this week...

Posted: 16 days ago

Halfway through 2017, the Atlanta housing market seems like a plane on auto-pilot: gaining a little speed and altitude, even as it runs lower on fuel. The first half of the year saw a 7 percent increase in the median price of homes sold and a 4 percent uptick in the number of sales, according to a report by re/Max Georgia released this week...
Mercedes offers job training: Is this an answer to the worker ‘shortage’?
 Steven Liu bent over the engine, leaning beneath the open hood of an S 550 model 2015 Mercedes. A technician at Mercedes-Benz of Marietta, Liu was examining a vehicle that sells for about $120,000 — roughly twice the median household income in metro Atlanta — and is equipped with all manner of Mercedes technology. There was a...

Posted: 17 days ago

Steven Liu bent over the engine, leaning beneath the open hood of an S 550 model 2015 Mercedes. A technician at Mercedes-Benz of Marietta, Liu was examining a vehicle that sells for about $120,000 — roughly twice the median household income in metro Atlanta — and is equipped with all manner of Mercedes technology. There was a...