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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

Metro Atlanta job growth weak, so what’s up with the unemployment rate? (Hint: nothin’)
 The metro Atlanta unemployment rate held steady in May at 4.5 percent, the same as in April, the state Labor Department reported Thursday.  While there weren’t a lot of layoffs, hiring was weaker than it usually is during the month. The economy is not threatening recession;  it just isn’t very robust, said Rajeev...

Posted: a minute ago

The metro Atlanta unemployment rate held steady in May at 4.5 percent, the same as in April, the state Labor Department reported Thursday.  While there weren’t a lot of layoffs, hiring was weaker than it usually is during the month. The economy is not threatening recession;  it just isn’t very robust, said Rajeev...
If Uber stalls out, rival ready to give you a Lyft
 Uber was a burning fuse from the start, right up to when the sparks of scandal, harassment and arrogance erupted into a world-class blaze. Now the man who set and lit the fuse has been fired. So, now what? Are there lessons here in branding? In how to run a company? How to be a leader -- or not?  It’s a business question, an issue...

Posted: 6 hours ago

Uber was a burning fuse from the start, right up to when the sparks of scandal, harassment and arrogance erupted into a world-class blaze. Now the man who set and lit the fuse has been fired. So, now what? Are there lessons here in branding? In how to run a company? How to be a leader -- or not?  It’s a business question, an issue...
Atlanta’s future: a call for economic strategy
 The Atlanta Regional Commission on Tuesday kicked off a five-year effort to forge and execute an economic development strategy for metro Atlanta. Known as cATLyst,  the commission’s effort started with three days of workshops this week, an attempt by the ARC to nurture a conversation among area leaders in government and business...

Posted: a day ago

The Atlanta Regional Commission on Tuesday kicked off a five-year effort to forge and execute an economic development strategy for metro Atlanta. Known as cATLyst,  the commission’s effort started with three days of workshops this week, an attempt by the ARC to nurture a conversation among area leaders in government and business...
Tight supply stifles metro housing sales
 Metro Atlanta housing got a healthy dose of same-old, same-old in two new reports. Same: Rising prices. Same: Fewer homes for sale. Old: Not the lists of homes for sale – they get snapped up awfully fast, according to a report from  Re/Max Georgia. In other words, the story isn’t changing much. And the imbalance between supply...

Posted: 2 days ago

Metro Atlanta housing got a healthy dose of same-old, same-old in two new reports. Same: Rising prices. Same: Fewer homes for sale. Old: Not the lists of homes for sale – they get snapped up awfully fast, according to a report from Re/Max Georgia. In other words, the story isn’t changing much. And the imbalance between supply...
Atlanta housing: Where are the listings? Market unbalanced, prices rising
 Metro Atlanta housing got a healthy dose of same-old, same-old last month, according to two reports. Same: Rising prices. Same: Fewer homes for sale. Old: Not the lists of homes for sale – they get snapped up awfully fast, according to  a report released by Re/Max Georgia. The average listing in May was on the market 43 days, down from...

Posted: 2 days ago

Metro Atlanta housing got a healthy dose of same-old, same-old last month, according to two reports. Same: Rising prices. Same: Fewer homes for sale. Old: Not the lists of homes for sale – they get snapped up awfully fast, according to a report released by Re/Max Georgia. The average listing in May was on the market 43 days, down from...
Amazon delivers disruption to grocery business
 Amazon’s bold move to swallow Whole Foods gave rivals indigestion on Friday and prompted predictions of looming disruption for the grocery business. Shoppers in metro Atlanta could see changes as local stores rush to stay competitive by tweaking both online and in-store strategies, analysts said Friday. Atlanta for the most part is...

Posted: 5 days ago

Amazon’s bold move to swallow Whole Foods gave rivals indigestion on Friday and prompted predictions of looming disruption for the grocery business. Shoppers in metro Atlanta could see changes as local stores rush to stay competitive by tweaking both online and in-store strategies, analysts said Friday. Atlanta for the most part is...
Metro Atlanta home sales: prices up, but trouble for first-time buyers
 It’s becoming a familiar story: Atlanta home prices are up, but the number of homes for sale is down. The median price of a Metro Atlanta home was up 4.9 percent in May from the same month a year ago, according to a report issued Thursday afternoon by the Atlanta Realtors Association. That median in May was $258,000, according to the...

Posted: 6 days ago

It’s becoming a familiar story: Atlanta home prices are up, but the number of homes for sale is down. The median price of a Metro Atlanta home was up 4.9 percent in May from the same month a year ago, according to a report issued Thursday afternoon by the Atlanta Realtors Association. That median in May was $258,000, according to the...
Lockheed: 104 years after first flight, Marietta icon thrives 
 It was 104 years ago today that Allan and Malcolm Loughead brothers took their first flight with a customized aircraft.  Their business, the Alco Hydro-Aeroplane Company – pardon the pun – took off. The company prospered, the profits began to flow, but correcting people on the pronunciation of their Scottish surname got a...

Posted: 6 days ago

It was 104 years ago today that Allan and Malcolm Loughead brothers took their first flight with a customized aircraft.  Their business, the Alco Hydro-Aeroplane Company – pardon the pun – took off. The company prospered, the profits began to flow, but correcting people on the pronunciation of their Scottish surname got a...
Are we worried yet? Unemployment rate dips, but Georgia jobs down for second month in a row
 The economy has delivered a mixed message: Georgia lost 3,800 jobs in May, but the unemployment rate has dipped below 5.0 percent for the first time since October of 2007. It was the second consecutive month of job losses after a dozen in a row with gains, the state Labor Department reported Thursday.  However, the longer-term trajectory...

Posted: 6 days ago

The economy has delivered a mixed message: Georgia lost 3,800 jobs in May, but the unemployment rate has dipped below 5.0 percent for the first time since October of 2007. It was the second consecutive month of job losses after a dozen in a row with gains, the state Labor Department reported Thursday.  However, the longer-term trajectory...
Georgia construction companies: Where are the workers? 
 Strong economic growth and a shallow pool of workers have combined to stress construction companies, according to a recently released survey of Georgia firms. But it’s not just front-line laborers, it’s a relative shortage of managerial recruits as well, according to a survey by accounting firm Bennett Thrasher and the ...

Posted: 8 days ago

Strong economic growth and a shallow pool of workers have combined to stress construction companies, according to a recently released survey of Georgia firms. But it’s not just front-line laborers, it’s a relative shortage of managerial recruits as well, according to a survey by accounting firm Bennett Thrasher and the ...
Atlanta gas prices at Reagan-era level (adjusted for inflation) 
 There’s one reason to think about 1984 that has nothing to do with dystopian political literature.  And everything to do with gas prices. Here’s how: We’ve got congested roads, even with schools out and I-85 repaired. We’ve got tens of thousands of us heading for beaches and relatives and cross-country sight-seeing...

Posted: 9 days ago

There’s one reason to think about 1984 that has nothing to do with dystopian political literature.  And everything to do with gas prices. Here’s how: We’ve got congested roads, even with schools out and I-85 repaired. We’ve got tens of thousands of us heading for beaches and relatives and cross-country sight-seeing...