Jeff Humphreys, director of UGA’s Selig Center for Economic Growth, was quoted in a Bloomberg Business Week article about the 1,200 military jobs being slashed at Georgia’s military bases.
“If you put all these together, they would be the equivalent not necessarily of a large manufacturer, but still you could compare it to a large transportation or logistics firm,” Humphreys said.
Early retirements and buyouts should help cushion the blow, according to Humphreys, because they usually don’t rattle consumer confidence the way layoffs can.