Metro Atlanta economic indicators, monthly report, Vol. 2, no. 11 (Jan. 2000)

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. Pickens. Bartow Cherokee

Carroll

Atlanta
E~co'nom,ic
.,
lnd:icators
Monthly Report Volume 2, Issue 11 January 2000
November1999 Data

Georgia Department of Labor
Michael L Thurmond, Commissioner

Metro Atlanta Economic Indicators is published by Workforce Information and Analysis, a division of the Georgia Department of Labor, 148 International Boulevard, Atlanta, Georgia 30303-1751. The telephone number is (404) 656-3177.

Georgia Department of Labor

Metro Atlanta Economic Indicators I January 2000

Introduction

M t r o Atlanta Economic Indicators, Monthly Report, is designed to provide in a single publication data or. a number ofindicators used to measure movement of the Atlanta Metropolitan Statistical Area's economy.
The indicators have been collected and disseminated for many years by private and governmental agencies, but not under a single cover. Contributing agencies include Georgia's Department of Labor, the U.S. Bureau ofthe Census, the U.S. Bureau of Labor Statistics, F.W. Dodge, McGraw-Hill Information Group, the Metropolitan Atlanta Rapid Transit Authority, Cobb Community Transit System, Smith Travel Research and HSH Associates, Financial Publishers.
All data except Average 30-Year and Average 15-Year Fixed Mortgage Rates and Average One-Year Adjustable Mortgage Rate on Page 15 and those contained in the Metropolitan Atlanta Consumer Price Index chart on Page 3 are seasonally adjusted. Data are presented in graphic and tabular form. Each series shows movement over a 24-month period. Where appropriate, companion graphs and tables show data which have been deflated by the U.S. Consumer Price Index or the U.S. Construction Price Index. The purpose is to adjust for inflation and show growth in constant dollars.
The purpose of this publication is to serve the business and professional communities, economic developers, economists, educators and others who have need for information on Atlanta Metropolitan Statistical Area economic trends.
Workforce Information and Analysis welcomes comments, suggestions or questions concerning Metro Atlanta Economic Indicators. Please address letters to Jim Wynn, Workforce Information and Analysis, Georgia Department ofLabor, 148 International Boulevard, Atlanta, Georgia 30303-1751. The telephone number is (404) 656-3177.
Data Sources
Nonagricultural Employment, Wholesale Employment, Retail Employment, Services Employment, Manufacturing Employment, Government Employment, Construction Employment, Transportation and Public Utilities Employment, Finance, Insurance and Real Estate Employment, Business Services Employment, Health Services Employment, Social Services Employment, Manufacturing Workweek, Manufacturing Earnings, Unemployment Rate, Insured Unemployment Rate, Initial Unemployment Claims and Continued Unemployment Claims -- Georgia Department of Labor
Consumer Price Index -- U.S. Bureau of Labor Statistics
Residential Construction and U.S. Construction Price Index-- U.S. Department of Commerce
Nonresidential Construction--F.W. Dodge, McGraw-Hill Construction Information Group
MARTA Passengers--Metropolitan Atlanta Rapid Transit System
Cobb Community Transit Passengers -- Cobb Community Transit System
Hotel Occupancy and Room Rates -- Smith Travel Research, Hendersonville, TN
Average 30-Year and Average 15-Year Fixed Mortgage Rates and Average One-Year Adjustable Mortgage Rate -- HSH Associates, Financial Publishers, Butler, NJ

2 Metro Atlanta Economic Indicators I January 2000

Georgia Department of Labor

Metro Atlanta Consumer Price Index

61.7 66.9 76.4 87.2 92.8 97.9 102.6 107.0 111.7
159.5 161.9

Ji~j' '1;~~~' ,'-'\, ~), , ''":,'" ,;, /(,;;,''
, ', ,:;;>::.{~'\l~;t:f- ;,

55.9

59.4

62.5

63.6

68.5

70.5

78.0

80.3

88.2

89.3

92.9

96.5

98.7

100.2

103.2

104.1

107.6

108.8

111.1

112.2

115.5

119.1

124.9

130.8

135.5

138.6

142.2

146.7

150.3

154.7

158.3

160.8

162.0

164.0

164.8

'

< ':

'~OV 'l>Ec Rate

56.9

60.7

64.7

65.9

71.9

73.2

81.7

83.0

91.6

93.3

98.0

98.8

100.8

100.9

104.8

105.4

109.9

110.4

112.4

112.7

161.9 165.9

162.0 166.5

57.0 61.2 65.9 74.0 85.7 93.6 98.2 101.9 105.5 111.2 113.5 117.5 121.7 127.3 132.6 136.2 138.5 144.7 146.7 151.5 157.2 159.5 161.6

3.4% 7.4% 7.7% 12.3% 15.8% 9.2% 4.9% 3.8% 3.5% 5.4% 2.1% 3.5% 3.6% 4.6% 4.2% 2.7% 1.7% 4.5% 1.4% 3.3% 3.8% 1.5% 1.4%

U.S. BUREAU OF LABOR STATISTICS

Atlanta consumer prices rise 0.4 percent

The Consumer Price Index for Metropolitan Atlanta increased 0.4 percent between August and October, according to data gathered by the U.S. Bureau of Labor Statistics (BLS). Over a 12month period, prices in the 20-county area have increased 2.8 percent.
Energy costs dropped 4 percent during the two months ending in October, buthaveincreased 12.7percentoverthe last year.
Food and beverage prices increased 1.3 percent. Costs for food at home rose 1.5 percent while food away from home increased 1 percent.
During the two-month study period, housing costs decreased 1.1 percent. The price of shelter rose 0.1 percent while fuels and utilities costs dropped 8.1 percent. The fuels index dropped 10.1 percent over the two-month period
Georgia Department of Labor

The formula

Following is the formula for figur-

ing Consumer Price Index changes

from one point in time to another.

Index point change

CPI

112.5

Less previous index

108.5

Equals index point change

4.0

Percentage change

Index point difference

4.0

Divide by the previous index 108.5

Equals

0.037

Results multiplied by 100 0.037xl00

Equals percent change

3.7%

as electricity costs decreased 19 percent and utility natural gas service rose 10.2

percent.

Transportation costs rose 2.2 percent

during the two-month study period.

Motor fuel prices increased 4.9 percent after rising 11.3 percent in July and August. Over the past 12 months, motor fuel costs have gone up 26.5 percent.
The apparel index, which is subject to large bi-monthly fluctuations, rose a more moderate 2.4 percent between August and September after going up 6.5 percent during the previous two months. Although prices have risen substantially over the past four months, earlier decreases in the index have combined to cause a downturn of 1.4 percent over 12 months.
Medical care costs increased 0.2 percent over the two-month period; recreation prices, 0.1 percent and education and communication costs, 2.5 percent. The index for other goods and services fell 0.1 percent.

Metro Atlanta Ecorwmic Indicators I January 2000 3

ACCRA Cost of Living Index

New York, NY Oakland, CA Long Island, NY Washington, DC Boston, MA

231.8 156.6 143.5 137.8 136.2

141.5 121.6 124.5 110.2 114.5

460.3 249.9 177.8 196.0 186.0

179.8 107.3 160.0
97.1 138.2

119.6 134.0 116.4 136.4 118.7

185.8 146.8 153.0 123.4 130.7

135.2 114.7 126.5 114.4 110.0

Detroit, Ml Cleveland, OH Chicago, IL Minneapolis, MN Atlanta, GA

112.9 112.2 109.0 105.4 103.2

106.2 108.9 109.3
99.5 106.7

137.6 117.4 109.6 104.9 101.8

107.7 138.6 110.7 101.6
97.1

103.0 110.7 115.8 107.8
99.8

109.6 118.9 112.4 130.2 114.9

100.0 102.5 105.5 105.4 103.5

Atlanta prices for professionals are low

Atlanta's after-taxes cost for a professional/managerial standard ofliving ranked sixth lowest among 20 metropolitan areas with more than two million population participating in the American Chamber of Commerce Research Association's Third Quarter 1999 cost of livmg survey. New York, where prices were more than twice the average, was the most costly area; Houston, 5 percent below average, least costly. The study included 208 metropolitan areas.
The ACCRA index measures differences in the cost of consumer goods and services, excluding taxes and nonconsumer expenditures for professional and managerial households in the top income quintile. It is

based on 59 items. Prices are collected quarterly by the chamber ofcommerce, economic development organization or some similar group in each participaing area. A city's rating in each area of comparison is determined by measuring its prices against the average of the 208 participating areas. The composite index is based on six components, groceries, housing, utilities, transportation, health and miscellaneous. New York was easily the most costly on all but transportation. Atlanta ranked well on utilities, transportation and housing. Its highest showings were for health care and grocery paces.
Only St. Louis and Baltimore among the 20 largest metros reported lower transportation costs

than Atlanta. The area tied with Washington, DC atop all but Seattle and St. Louis on utilities prices. Five other metros had better housing prices; seven others were lower on groceries. Aside from New York's 141.5 percent, prices for groceries ranged from highs of 122-125 percent in Long Island, San Diego and Oakland to a low of 93 percent in Houston. Housing was 460.3 percent in New York and; 249.9 in Oakland. Housing, costs were lowest in Houston, which reported in at 83.8 percent. New York and Long Island were the most costly metro areas for utilities prices at 179.8 and 160 percent respectively, while Seattle, which ranked lowest, was 66.4 percent and St. Louis, 96.1 percent.

4 Metro Atlanta Economic Indicators I January 2000

Georgia Department of Labor

Data Summary
November 1999

Metro Atlanta Economic Indicators

Nov99

Oct99

Nov98

Percent Percent Change Change

Oct99 Nov98

to

to

Nov99 Nov99

Nonagricultural Employment

2,158,000

2,145,000

2,061,000

Retail Employment

385,000

382,500

365,800

Manufacturing Employment

220,200

220,300

222,600

Construction Employment

110,800

109,700

105,400

Finance, Insurance & Realty Employment 144,900

143,900

137,500

Health Services Employment

117,300

117,100

114,300

Manufacturing Workweek

40.2

40.1

41.8

Deflated Manufacturing Earnings

$31,809

$318.91

$329.64

Continued Unemployment Claims

62,145

55,882

55,894

Insured Unemployment Rate

0.64%

0.66%

0.61%

Cobb County Transit Passengers

124,385

124,396

114,432

Nonresidential Construction (value) $261,400,000 $250,200,000 $374,000,000

Hotel Occupancy

66.8%

66.2%

64.8%

Deflated Average Hotel Room Rate

$50.72

$48.03

$48.34

Average 15-Year Fixed Mortgage Rate

7.35%

7.45%

6.42%

+ 0.61

+ 4.71

+ 0.65
- 0.05

+ 5.25
- 1.08

+ 1.00 + 5.12

+ 0.69 + 0.17

+ 5.38
'.'iR,~~
+ 2.62

+ 0.25

- 3.83

- 0.26

- 3.50

+ 11.21 + 11.18

- 0.01
+ 4.48

+ 8.70
";)"'.,"'
- 30.11

+ 5.60 + 4.92

Georgia Department of Labor

Metro Atlanta Economic Indicators I January 2000 5

Nonagricultural Employment

2.22 t-l-1997-98

-1998-99 I

2.16

CJ) 2.10

z

0

j
~

i---

2.04
---

-

1.98

1.92

D

J

F

M

A

M

Wholesale Employment
186
1-1997-98 -1998-99 I

- ~ ~ l...---""i....---
'

J

J

A

s

0

N

Monthly Data
Seasonally Adjusted

Month
Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov

1997-98
1,999,000 2,006,000 2,012,000 2,018,000 2,019,000 2,027,000 2,033,000 2,038,000 2,048,000 2,052,000 2,056,000 2,061,000

1998-99
2,064,000 2,073,000 2,079,000 2,084,000 2,092,000 2,095,000 2,103,000 2,111,000 2,122,000 2,133,000 2,145,000 2,158,000

182

CJ) 178

c

~

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0

I!:

~

174

-~
170

166

D

J

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~ ~ ~~
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____..- -~

M

A

M

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A

s

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Monthly Data
Seasonally Adjusted

Month
Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov

1997-98
170,100 170,600 171,300 171,600 172,400 172,900 173,400 173,800 173,800 174,400 174,200 174,200

Retail Employment
393
l-1997-98 -1998-99 I

1998-99
174,500 175,400 175,400 175,600 175,600 176,500 177,700 178,800 180,000 180,700 181,200 181,800

385

377

~

369

- ~ i,......---___.,,.
"""---

361

-~

v - -
~
__. -

353

D

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M

A

M

A

6 Metro Atlanta Eeonomic Indicators I January 2000

v l,.../
-
-

s

0

N

Monthly Data
Seasonally Acljusted

Month
Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov

1997-98
363,200 361,800 363,500 364,400 364,400 365,700 366,500 366,800 366,200 367,000 366,700 365,800

1998-99
~65,800
366,800 368,800 370,500 371,000 370,900 372,200 373,100 376,800 377,600 382,500 385,000

Georgia Department of Labor

Services Employment

690 H-1997-98

-1998-99 I

666

rn 642

0 z
3
0
I=

- c...----

618

594

- .....--

~
J..........-~~ ~

_... ~-
..

- --

570 D

F

M

A

M

Manufacturing Employment

224
1-1997-98 -1998-99 I

J

A

s

0

N

Monthly Data
Seasonally Adjusted

Month

1997-98

Dec

595,400

Jan

595,600

Feb

598,300

Mar

600,100

Apr

599,600

May

604,200

Jun

607,000

Jul

609,400

Aug

612,300

Sep

613,400

Oct

617,000

Nov

620,300

1998-99
622,400 627,700 630,700 632,500 635,800 637,000 640,300 643,800 649,100 653,800 660,800 668,900

223 222 220
~ 219

~ ......

---~- -............

~

~

- x ' "',,,,,,,.,,,...- -

218 D

F

M

A

M

Government Employment

261.4

l--1997-98

-1998-99 I

J

A

s

I/

0

N

Monthly Data
Seasonally Adjusted

Month
Dec Jan Feb Mar Apr May Jun July Aug Sep Oct Nov

1997-98
220,200 220,500 220,500 220,700 220,800 220,900 221,400 221,500 221,800 221,900 221,900 222,600

1998-99
222,100 222,100 222,100 221,800 222,000 221,700 220,800 219,900 220,200 220,100 220,300 220,200

259.6

~

~

257.8
rn 0
~
@ 256.0
254.2

~
c -- ~ .............""'"
"'"' v ~"'%~

,,___ -"' $'6,;'~.;;Mh
f/!/f'ef;::?'

252.4 D

F

M

A

M

J

A

s

0

N

Monthly Data
Seasonally Adjusted

Month

1997-98

Dec

256,900

Jan

256,500

Feb

257,000

Mar

256,000

Apr

255,300

May

255,000

Jun

254,400

Jul

255,000

Aug

256,200

Sep

257,100

Oct

257,300

Nov

257,600

1998-99
257,000 257,900 257,100 257,500 258,200 258,100 258,800 258,800 258,700 259,100 259,100 259,500

Georgia Department of Labor

Metro Atlanta Economic Indicators I January 2000 7

Construction Employment
116
1-1997-98 -1998-99 I

111 106 101
i...--- ~
96

--v

~

~

.._
............

l..---"'"

l---""'

i..---:

1 -~ l..-- ~

91

D

J

F

M

A

M

J

J

A

s

0

N

Transportation and Public Utilities Employment
195
1-1997-98 -1998-99 I

Monthly Data
Seasonally Adjusted

Month 1997-98

Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov

96,500 97,600 98,900 98,900 98,900 99,600 101,300 101,900 103,300 104,000 104,900 105,400

1998-99
106,200 106,900 106,900 106,700 107,600 107,700 107,700 108,800 107,500 108,700 109,700 110,800

188

181

--

~

174
....,_.. ----
167

- - ~
~-
---

160

D

J

F

M

A

M

J

J

A

s

Finance, Insurance and Realty Employment
152
l-1997-98 -1998-99 I

-

0

N

Monthly Data
Seasonally Adjusted

Month

1997-98

Dec

168,200

Jan

169,400

Feb

169,800

Mar

171,100

Apr

171,800

May

172,400

Jun

172,400

Jul

173,400

Aug

175,000

Sep

175,300

Oct

175,900

Nov

176,900

1998-99
177,700 177,500 178,500 179,300 180,300 181,200 182,500 183,300 185,400 186,200 186,800 187,100

146

140

134
~ ~ -
128

__ i,.....--

-------

122

D

J

F

M

A

M

8 Metro Atlanta Ecorwmic Indicators I January 2000

~ ~
L...-"'

A

s

0

N

Monthly Data
Seasonally Adjusted

Month

1997-98

Dec

129,500

Jan

130,700

Feb

132,000

Mar

132,600

Apr

134,000

May

134,100

Jun

134,300

Jul

135,100

Aug

135,800

Sep

136,600

Oct

137,200

Nov

137,500

1998-99
138,100 138,500 138,900 139,500 139,700 140,100 141,200 142,100 142,800 143,200 143,900 144,900

Georgia Department of Labor

Business Services Employment
242
l-1997-98 -1998-99 I

230

-- 218 lo--

206 ~

-

-,,._--
-

194

182

D

J

F

M

A

M

J

Health Services Employment
119.0
l-1997-98 -1998-99 I

~ A

----

~
_,

~"

s

0

N

Monthly Data
Seasonally Adjusted

Month

1997-98

Dec

197,400

Jan

199,300

Feb

199,900

Mar

201,400

Apr

199,000

May

201,100

Jun

202,800

Jul

202,600

Aug

204,300

Sep

203,900

Oct

205,900

Nov

208,100

1998-99
209,800 211,700 213,400 214,300 215,800 216,100 217,900 218,600 221,600 222,500 224,800 228,900

117.6

116.2
!
::l
- :E 114.8 ~ 113.4

/__,,,.
.-~
- /

112.0 D

F

M

A

M

J

Social Services Employment
32.2
1-1997-98 -1998-99 I

/
~ ~

......--".

,,,_

A

s

0

N

Monthly Data
Seasonally Adjusted

Month

1997-98

Dec

113,800

Jan

113,600

Feb

113,800

Mar

113,800

Apr

114,000

May

113,900

Jun

113,700

Jul

114,200

Aug

114,400

Sep

114,300

Oct

114,200

Nov

114,300

1998-99
114,300 114,500 114,400 114,600 114,500 114,700 115,100 115,700 115,900 116,300 117,100 117,300

31.2

z(/}
12 30.2 {.a.).:.
:U:;J; u.. 0
.(/}
0z 29.2
(/}
:::>
:.0x..:.
28.2

/
"'"-~

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.~ ""'-

27.2 D

F

M

Georgia Department of Labor

.~ /

A

M

/:
..v /

~ l....---"' ~

~ ~"-~

A

s

0

N

Monthly Data
Seasonally Adjusted

Month

1997-98

Dec

28,400

Jan

28,300

Feb

28,500

Mar

28,600

Apr

28,600

May

28,900

Jun

29,300

Jul

29,600

Aug

29,700

Sep

29,800

Oct

29,700

Nov

29,500

1998-99
29,000 28,900 29,000 29,100 29,200 29,200 29,200 29,300 29,500 29,900 30,600 31,100

Metro Atlanta Economic Indicators I January 2000 9

Manufacturing Workweek
43.8
l-1997-98 -1998-99 I

~. 42.9

41.9

~

~ ~ ....
41.0

.,,,,,,,,.. ,......

40.0

39.1

D

J

F

M

A

Manufacturing Earnings

$564

-1997-98

-1998-99

-
.........._ I /~
"

'""""""""
"' ~

M

J

A

s

0

N

Monthly Data
Seasonally Adjusted

Month

1997-98

Dec

42.9

Jan

42.1

Feb

41.2

Mar

41.5

Apr

41.6

May

41.6

Jun

41.9

Jul

41.9

Aug

41.6

Sep

41.7

Oct

41.6

Nov

41.8

1998-99
41.3 41.1 41.3 41.3 41.3 41.3 41.0 41.4 40.7 40.7 40.1 40.2

$555

Monthly Data

Seasonally Adjusted

$546

Dec

Jan

Feb

$537

Mar

Apr

May

Jun

$528

Jul

Aug

Sep

Oct

$519

Nov

D

J

F

M

A

M

J

J

A

s

0

N

1997-98
$551.17 544.11 532.16 534.96 535.84 538.53 539.83 530.33 537.04 528.77 538.13 540.61

1998-99
$531.11 530.34 536.99 542.09 547.31 548.44 550.00 549.04 544.62 554.99 536.41 535.35

Deflated Manufacturing Earnings
$350

$342

Monthly Data

Seasonally Adjusted

$334

Ua:l
g ~

Dec
Jan
Feb

$326

Mar

Apr

May

Jun

$318

Jul

Aug

Sep

Oct

$310

Nov

D

J

F

M

A

M

J

J

A

s

0

N

1997-98
$341.70 336.70 328.70 329.82 331.41 330.79 331.18 324.96 328.67 323.21 328.13 329.64

1998-99
$324.05 322.79 326.44 328.54 329.31 329.99 330.93 329.36 325.92 330.55 318.91 318.09

10 Metro Atlanta Economic Indicators\ Ianaury 1999

Georgia Department of Labor

Initial Unemployment Claims

9500

-1997-98

-1998-99

8600

7700 gi
~
::J
~ >- 6800

5900

5000

D

J

F

M

A

M

J

Continued Unemployment Claims
66.0 -1997-98 -1998-99

Monthly Data
Seasonally Adjusted

Month

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

A

s

0

N

1997-98
8,496 7,311 7,323 6,975 6,589 6,170 7,085 7,729 7,107 7,259 6,635 6,360

1998-99
6,374 6,568 6,600 6,766 6,652 6,262 6,250 6,388 6,372 6,107 6,567 6,706

61.0

56.0

51.0

46.0

41.0 D

F

M

A

M

J

Total Unemployment Rate

3.4
rl-1997-98

-1998-99 I

Monthly Data
Seasonally Adjusted

1997-98 1998-99

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

A

s

0

N

58,347 53,154 55,757 57,542 54,238 54,917 54,103 60,232 58,107 53,468 49,163 55,894

46,497 48,455 51,887 55,071 52,881 52,027 55,576 49,482 58,982 55,388 55,882 62,145

3.3

i" ~ /

3.1 ~,..

....

!"'~." .,

Monthly Data
Seasonally Adjusted

Month

1997-98

1998-99

3.0 2.8

"'

"

Dec

3.2%

3.2%

Jan

3.2%

3.1%

Feb

3.2%

3.2%

Mar

3.2%

3.1%

Apr

3.2%

3.1%

May

3.2%

3.0%

Jun

3.2%

3.0%

Jul

3.2%

3.0%

Aug

3.2%

3.0%

Sep

3.2%

3.0%

Oct

3.2%

2.9%

2.7

Nov

D

J

F

M

A

M

J

J

A

s

0

N

3.1%

2.9%

Georgia Department of Labor

Metro Atlanta Economic Indicators I January 2000 11

Insured Unemployment Rate
0.77 -1997-98 -1998-99

0.12
ill 0.67
C!l
~
ffi
Q. 0.62

0.57

0.52

D

J

F

M

A

M

J

J

A

s

0

N

MARTA Passengers

7.2 -1997-98 -1998-99

Monthly Data
Seasonally Adjusted

Dec Jan Feb Mar Apr
May
Jun Jul Aug Sep Oct Nov

0.70% 0.71% 0.70% 0.69% 0.71% 0.68% 0.67% 0.65% 0.63% 0.59% 0.60% 0.61%

0.63% 0.62% 0.64% 0.64% 0.61% 0.63% 0.62% 0.63% 0.64% 0.64% 0.66% 0.64%

6.9

6.6

6.3

6.0

5.7

D

J

F

M

A

M

Cobb Community Transit Passengers
145 -1997-98 -1998-99

Monthly Data
Seasonally A,djusted

Month 1997-98 1998-99

Dec

6,399,000 6,857,000

Jan

6,509,000 6,248,000

Feb

6,422,000 6,527,000

Mar

6,472,000 6,529,000

Apr

6,365,000 6,294,000

May 6,413,000 6,212,000

Jun

6,401,000 6,197,000

Jul

6,767,000 6,125,000

Aug 6,201,000 6,246,000

Sep

6,577,000 6,326,000

Oct

6,620,000 6,283,000

Nov 6,548,000 6,756,000

J

A

s

0

N

135
Monthly Data
Seasonally Adjusted

125

Month 1997-98

1998-99

Dec

110,964

lP,706

Jan

113,376

107,566

Feb

111,541

117,613

115

Mar

106,654

122,404

Apr

109,374

119,663

May

107,223

116,586

Jun

110,410

121,810

105

Jul

112,505

119,333

Aug

102,740

134,712

Sep

108,368

132,234

Oct

112,165

124,396

95

Nov

114,432

124,385

D

J

F

M

A

M

J

J

A

s

0

N

12 Metro Atlanta Economic Indicators I January 2000

Georgia Department of Labor

Residential Construction
6600 -1997-98 -1998-99
saoo
z~ 5000
:::>
9
0 :wi::
"~' 4200

3400

2600

D

J

F

M

A

M

J

Nonresidential Construction
$490 -1997-98 -1998-99

Monthly Data
Seasonally Adjusted

1997-98

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

A

s

0

N

3,516 4,567 4,481 4,765 4,458 4,648 4,315 4,507 4,953 5,047 5,518 5,445

5,407 4,922 4,991 4,718 4,905 4,005 4,614 4,763 4,500 4,490 4,351 4,796

$430

$370
"z '
0
j $310
~
$250

$190 D

F

M

A

M

Deflated Nonresidential Construction
$400 -1997-98 -1998-99

Monthly Data
Seasonally Adjusted

1998-99

Dec $290,623,000 $271, 156,000

Jan 347,300,000 276,200,000

Feb 270, 100,000 282,600,000

Mar 301,200,000 416,200,000

Apr 264,500,000 325,600,000

May 321,300,000 296,800,000

Jun 285,300,000 323,800,000

Jul 275,300,000 348,700,000

Aug 400,100,000 292,000,000

Sep 424,000,000 295,900,000

Oct 341,700,000 250,200,000

Nov 374,000,000 261,400 ,000

A

s

0

N

$348
Monthly Data
Seasonally Adjusted

$296

"0 z '
j ~ $244

Dec $240,800,000 $218,700,000 Jan 288,000,000 221,900,000 Feb 224,600,000 226,500,000 Mar 250,400,000 331,400,000

Apr 219,700,000 259,200,000

May 266,400,000 235,700,000

Jun 235,000,000 255,100,000

$192

Jul 225,900,000 273,500,000

Aug 326,900,000 229,000,000

Sep 346,400,000 231,200,000

Oct 278,500,000 195,100,000

$140

Nov 303,600,000 202,600,000

D

J

F

M

A

M

J

J

A

s

0

N

Georgia Department of Laoor

Metro Atlanta Economic Indicators I January 2000 13

Hotel Occupancy
68.3 -1997-98 -1998-99
66.9
ffi 65.5
" ~
i5
~ 64.1

62.7

61.3

D

J

F

M

A

M

J

J

A

s

0

N

Average Hotel Room Rates

$88.5

-1997-98

-1998-99

$85.5

$82.5

$79.5

$76.5

$73.5

D

J

F

M

A

M

J

J

A s

0

N

Deflated Average Hotel Room Rates

$52.5

-1997-98

-1998-99

$50.9

"'$49.3
~
8
$47.7

$46.1

$44.5

D

J

F

M

A

M

J

J

A

s

0

N

14 Metro Atlanta Ecorwmic Indicators I January 2000

Monthly Data
Seasonally Adjusted

Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov

64.0% 63.3% 63.0% 63.7% 64.1% 65.8% 66.2% 65.1% 65.8% 65.5% 66.0% 64.8%

65.0% 65.8% 65.8% 65.1% 65.0% 65.2% 64.0% 65.1% 64.2% 66.2% 66.2% 66.8%

Monthly Data
Seasonally Adjusted

Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov

$79.34 77.69 78.07 80.43 78.34 78.20 77.41 76.35 76.93 76.60 78.69 79.27

1998-99
$78.68 81.23 78.98 80.21 79.04 80.13 78.56 77.10 78.55 80.82 80.79 85.37

Monthly Data
Seasonally Adjusted

Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov

$49.19 48.08 48.22 49.59 48.21 48.03 47.49 46.78 47.08 46.82 47.98 48.34

1998-98
,$48.00 49.44 48.01 48.61 47.56 48.21 47.27 46.25 47.01 48.14 48.03 50.72

Georgia Department of Labor

Average 30-Year Fixed Mortgage Rate*
8.5
1-1997-98 -1998-99 I

8.04
ffi 7.58
<'l
~
i'.'i
~
" ' aw. 7.12
- 6.66

/
~

-..............~
-~

I

/ v ~

--....,,,, ~

~

""' .,... ""'I,,."""'""":

6.2 D

F

M

A

M

Average 15-Year Fixed Mortgage Rate*
8
1~1997-98 -1998-99 I

A

S

0

N

* Does not include points

Monthly Data
Not Seasonally Adjusted

Month
Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov

1997-98
7.22% 7.07% 7.07% 7.09% 7.10% 7.10% 6.99% 6.93% 5.92% 6.72% 6.78% 6.91%

1998-99
6.72% 6.78% 6.72% 7.00% 6.89% 7.09% 7.56% 7.68% 8.03% 7.90% 7.86% 7.72%

7.58

"'w
<'l

7.16

zw~

(aaw.:).

6.74

r~,

-6.32

- v / ...............

I ---I/~ ~
,,-- r, - ...

5.9 D

F

M

A

M

A

S

0

N

* Does not include points

Average One-Year Adjustable Mortgage Rate*

Monthly Data
Not Seasonally Adjusted

Month 1997-98

Dec

6.87%

Jan

6.70%

Feb

6.69%

Mar

6.73%

Apr

6.72%

May

6.70%

Jun

6.65%

Jul

6.61%

Aug

6.58%

Sep

6.39%

Oct

6.35%

Nov

6.42%

1998-99
6.39% 6.34% 6.39% 6.58% 6.47% 6.69% 7.17% 7.23% 7.55% 7.48% 7.45% 7.35%

6.75
l,._1997-98 -1998-99 I

6.37

5.99

"w '

<'l

~

z w (aaw.:.) 5.61

-

..........
5.23

/
---- --- ___...,,.
-

4.85

D

J

F

M

A

M

Georgia Department of Labor

-- -
~
,,,,- /

~'"".,..,"
:""-,......'"' !00~

J

J

A

s

0

N

*Does not include points

Monthly Data
Not Seasonally Adjusted

Month 1997-98

Dec

5.65%

Jan

5.60%

Feb

5.55%

Mar

5.63%

Apr

5.56%

May

5.57%

Jun

5.56%

Jul

5.51%

Aug

5.50%

Sep

5.37%

Oct

5.27%

Nov

5.42%

1998-99
5.37% 5.32% 5.37% 5.44% 5.52% 5.59% 5.87% 5.98% 6.26% 6.30% 6.36% 6.30%

Metro Atlanta Economic Indicators I January 2000 15

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Georgia Department of Labor

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