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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

Georgia loses jobs in March, gov’t says
   Number of jobs: -7,400 Unemployment rate: 4.4 percent, unchanged Number of unemployed: 226,020 Growing sectors: logistics, healthcare Shrinking sectors: corporate, technology, hospitality   _______________________    Unemployment rate: 4.4 percent Highest unemployment rate in March: 10.6 percent, 2010  Lowest unemployment...

Posted: 47 minutes ago

  Number of jobs: -7,400 Unemployment rate: 4.4 percent, unchanged Number of unemployed: 226,020 Growing sectors: logistics, healthcare Shrinking sectors: corporate, technology, hospitality   _______________________    Unemployment rate: 4.4 percent Highest unemployment rate in March: 10.6 percent, 2010  Lowest unemployment...
Home Depot ramping up hiring for tech jobs
 Home Depot has announced plans to hire 1,000 techies — several hundred of them in Atlanta — in a dramatic expansion of its technology muscle. The surge of hiring adds to a technology workforce currently at 2,800, according to Paul Mayer, manager of the company’s tech communications. The hiring will be spread among Atlanta...

Posted: 16 hours ago

Home Depot has announced plans to hire 1,000 techies — several hundred of them in Atlanta — in a dramatic expansion of its technology muscle. The surge of hiring adds to a technology workforce currently at 2,800, according to Paul Mayer, manager of the company’s tech communications. The hiring will be spread among Atlanta...
Home Depot sued for mismanaging retirement fund accounts
 A suit filed in federal court against Home Depot charges that the hardware giant permitted mismanagement of retirement funds affecting more than 200,000 people and costing their accounts at least $140 million. The complaint against the $100 billion-a-year, Atlanta-based company was filed last week in U.S. District Court in...

Posted: a day ago

A suit filed in federal court against Home Depot charges that the hardware giant permitted mismanagement of retirement funds affecting more than 200,000 people and costing their accounts at least $140 million. The complaint against the $100 billion-a-year, Atlanta-based company was filed last week in U.S. District Court in...
Number of Atlanta home sales drops hard from 2017
 Home sales last month in metro Atlanta dropped more than 10 percent from a year ago, according to a report from the Atlanta Realtors Association. Despite continued growth in the economy, the usual surge of March home sales fell 549 short of the level reached during the same month of 2017, the report concluded, using data for an 11-county...

Posted: 2 days ago

Home sales last month in metro Atlanta dropped more than 10 percent from a year ago, according to a report from the Atlanta Realtors Association. Despite continued growth in the economy, the usual surge of March home sales fell 549 short of the level reached during the same month of 2017, the report concluded, using data for an 11-county...
Rents up in most of metro Atlanta, still competitive with other cities
 Cathy Janelle loves renting. She and her dog, Bella, live in Alpharetta, where she gratefully surrendered the responsibility she had in years past as a homeowner. “If anything minor goes wrong, I call the office and before I hang up the phone, maintenance is at my door,” she said. “And there are so many amenities. Everybody...

Posted: 6 days ago

Cathy Janelle loves renting. She and her dog, Bella, live in Alpharetta, where she gratefully surrendered the responsibility she had in years past as a homeowner. “If anything minor goes wrong, I call the office and before I hang up the phone, maintenance is at my door,” she said. “And there are so many amenities. Everybody...
Gwinnett factory a showcase for changes in auto sector and the economy
 The smell of oil gives way slowly to the scent of heated plastic as visitors make their way from the tool room into the maze of assembly lines that make up the Lund International factory. Depending on what kind of auto accessory is being made, the sounds in the 219,000 square-foot Lawrenceville building also change: hissing, then banging...

Posted: 6 days ago

The smell of oil gives way slowly to the scent of heated plastic as visitors make their way from the tool room into the maze of assembly lines that make up the Lund International factory. Depending on what kind of auto accessory is being made, the sounds in the 219,000 square-foot Lawrenceville building also change: hissing, then banging...
Georgia’s tax burden low nationally, middle of the pack in the South
 Death, taxes and whining: some things are unavoidable. But despite the special pain you feel as you write out the check to the Internal Revenue Service this year, you can console yourself – at least a little – with the knowledge that the tax burden you bear for being in Georgia is less onerous than the weight you’d...

Posted: 8 days ago

Death, taxes and whining: some things are unavoidable. But despite the special pain you feel as you write out the check to the Internal Revenue Service this year, you can console yourself – at least a little – with the knowledge that the tax burden you bear for being in Georgia is less onerous than the weight you’d...
Metro Atlanta jobs: strongest February hiring since 2011
 Metro Atlanta last month cranked up the strongest February for hiring in seven years, the Labor Department reported Thursday. The region’s economy added 20,800 jobs, the third-best showing of the past two decades, as virtually all the economic metrics saw improvement, according to Mark Butler, the state’s labor commissioner. &ldquo...

Posted: 20 days ago

Metro Atlanta last month cranked up the strongest February for hiring in seven years, the Labor Department reported Thursday. The region’s economy added 20,800 jobs, the third-best showing of the past two decades, as virtually all the economic metrics saw improvement, according to Mark Butler, the state’s labor commissioner. &ldquo...
Embattled Equifax names new CEO
 Equifax Inc. named Mark Begor as the new chief executive officer on Wednesday, filling the slot held by an interim appointment since the retirement of Rick Smith in the wake of the company’s massive data breach. Begor, who will officially take over April 16, has been a top executive in the private equity firm of Warburg Pincus since...

Posted: 21 days ago

Equifax Inc. named Mark Begor as the new chief executive officer on Wednesday, filling the slot held by an interim appointment since the retirement of Rick Smith in the wake of the company’s massive data breach. Begor, who will officially take over April 16, has been a top executive in the private equity firm of Warburg Pincus since...
College not the only way to a good life, blue collar skills in demand
 With a subdued but steady hum, the 5,000-pound forklift zipped backwards, slid to a stop, glided forward again and turned down the warehouse aisle between racks of boxes that stretched more than a hundred yards in both directions and rose 70 feet toward the ceiling. The machine – this one, a variety known as an order picker –...

Posted: 22 days ago

With a subdued but steady hum, the 5,000-pound forklift zipped backwards, slid to a stop, glided forward again and turned down the warehouse aisle between racks of boxes that stretched more than a hundred yards in both directions and rose 70 feet toward the ceiling. The machine – this one, a variety known as an order picker –...
Some college-bound are passing up chances, construction CEO says
 Historically, workers without a college education are not only paid less than those with degrees, but they also have a consistently higher unemployment rate. That is still true. Yet if young people avoid modest-paying blue collar work, they can inadvertently choke off the pipeline that leads to high-paying management jobs. Not having a degree...

Posted: 22 days ago

Historically, workers without a college education are not only paid less than those with degrees, but they also have a consistently higher unemployment rate. That is still true. Yet if young people avoid modest-paying blue collar work, they can inadvertently choke off the pipeline that leads to high-paying management jobs. Not having a degree...