Metro Atlanta economic indicators, monthly report, Vol. 3, no. 12 (Feb. 2001)

AT L A N TA

METROPOLITAN
Economic

Indicators

A Monthly Report of Atlanta Labor Market and Economic Trends

.A>HK=HO

Volume 3, Issue 12

Georgia Department of Labor
Michael L. Thurmond Commissioner

Metro Ro ckda le

P ic k e n s Bartow Cherokee Forsyth

Cobb P a u ld in g

Gwinnett Barrow

C a r r o ll

Douglas Fulton DeKalb
Cla yton

W alton Newton

Fa ye tte
Coweta

Henry

S p ald in g

Atlanta
Economic
Indicators
Monthly Report Volume 3, Issue 12 February 2001

December 2000 Data

Cover art: Sparrow, Huey J. Theus, Mableton, Georgia

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
Michael L. Thurmond, Commissioner An Equal OpportunityEmployer/Programs Auxiliary Aids and Services Available Upon Request to Individuals With Disabilities

Georgia Department of Labor

Metro Atlanta Economic Indicators / .ebruary 2001 1

Introduction
Metro Atlanta Economic Indicators, Monthly Report, is designed to provide in a single publication data on
a number of indicators 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 of the 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 Stephen Matta, Workforce Information and Analysis, Georgia Department of Labor, 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, adapted from commentary by Michael Wald
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 / .ebruary 2001

Georgia Department of Labor

Consumer Price Index for the South

1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

Jan
110.2 114.1 118.9 124.6 131.4 134.4 138.4 142.5 146.7 151.1 155.7 157.6 159.9 164.0

Feb
62.4 68.9 78.5 87.8 95.1 98.0 102.4 105.7 108.9 110.7 114.4 119.2 125.4 131.7 134.9 139.1 142.9 147.4 151.5 156.1 157.8 160.0 164.7

Mar Apr May Jun Jul Aug Sep Oct Nov Dec Rate

58.9

60.1

61.0

61.6 7.1

63.5

64.9

65.9

66.8

67.7 9.9

70.3

72.2

73.6

75.0

76.3 12.7

80.6

82.2

82.7

84.2

85.8 12.5

89.0

90.4

91.9

93.0

94.3 9.9

94.7

97.0

97.6

98.0

97.8 3.7

98.8

99.6

100.2

101.2

101.3 3.6

103.1

103.6

104.3

105.1

105.3 3.9

106.4

107.1

107.6

108.3

108.7 3.2

107.9

108.7

108.7

109.4

109.7 0.9

111.1 111.5 111.8 112.2 112.6 112.9 113.5 113.8 114.1 114.0 3.9

114.8 115.4 115.6 116.1 116.6 117.0 117.7 118.2 118.3 118.5 3.9

119.8 120.8 121.3 121.7 122.0 122.1 122.5 123.0 123.2 123.4 4.1

126.0 126.1 126.5 127.3 127.8 128.7 129.7 130.7 130.9 130.9 6.1

131.9 132.1 132.5 132.8 133.0 133.3 133.8 134.1 134.4 134.3 2.6

135.5 135.9 136.2 136.7 136.8 137.0 137.3 137.8 138.1 137.9 2.7

139.7 140.2 140.7 140.8 140.9 141.5 141.6 142.2 142.3 142.2 3.1

143.6 143.8 144.3 144.7 145.0 145.5 145.8 145.9 146.0 146.1 2.7

148.0 148.4 148.8 149.1 149.2 149.7 149.8 150.5 150.4 150.3 2.9

152.4 153.2 153.5 154.0 154.0 154.1 154.5 154.9 155.1 155.1 3.2

156.5 156.7 156.6 157.0 157.0 157.1 157.5 157.8 157.8 157.3 1.4

158.2 158.5 158.8 159.1 159.3 159.5 159.5 159.8 159.6 159.6 1.5

160.6 161.5 161.6 161.7 162.2 162.6 163.2 163.6 163.5 163.6 2.5

166.4 166.6 166.6 167.4 167.9 168.0 168.5 168.5 168.6 168.4 2.9

Source: U.S. Bureau of Labor Statistics

CPI South decreased 0.1 percent during December

The Consumer Price Index for All Urban Consumers (CPI-U) for the South, decreased 0.1 percent in September, not seasonally adjusted, according to data released by the U.S. Department of Labor's Bureau of Labor Statistics. For the 12month period ending in December, the CPI-U for the South increased 2.9 percent to a level of 168.4 During the calendar year 2000, the CPI-U for the South rose 2.9 percent. This compares with 2.5 percent for all of 1999. The energy index rose 11.0 percent compared to a 14.8 percent rise in 1999. The food index increased 2.6 percent in 2000, following a 2.3 percent rise in 1999. Excluding food and energy, the CPI-U for the South
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 Less previous index Equals index point change

112.5 108.5
4.0

Percentage change

Index point difference

4.0

Divide by the previous index 108.5

Equals

0.037

Results multiplied by 100 0.037x100

Equals percent change

3.7%

rose 2.3 percent compared with a 1.5 percent rise in 1999.
Over the month, higher costs for food and beverages and medical

care were offset by lower costs for apparel, transportation and other goods and services. Energy prices decreased 0.1 percent in December as higher costs for household fuels were more than offset by lower costs for motor fuels. Among the major index groups, the food and beverages index advanced 0.5 percent in December, following a 0.1 percent decrease in November.
Housing costs were unchanged in December following a 0.3 percent decline in November. The fuels and utilities index rose 0.8 percent over the month due to a 5.8 percent rise in natural gas service costs.
Transportation costs dropped 0.4 percent, while medical care costs grew 0.4 percent for the month.

Metro Atlanta Economic Indicators / .ebruary 2001 3

Metro Atlanta Index of Economic Indicators
174.6
Leading indicators Coincident indicators
152.4

130.1

107.9

85.7

1987-88 = 100

63.5

93

94

95

96

97

98

99

00

01

Atlanta's Leading Index increased 3.8 percent in 2000

Note: All indicators are seasonally adjusted.

*** 51.2
The Georgia Department of Labor's

Recent 12 Months
Leading Coincident

Index of Leading Economic 47.4

Indicators for the Atlanta Metropolitan 43.5
Area increased 0.2 percent in

December, to a level of 144.3 from a 39.7

revised 144.0, after seasonal
35.8
adjustment. The average index for the
twelve months of 2000 was 143.6, a 32.0

1987-88 = 100

3.8 percent increase over the average of 1999 which was 138.3. On a December to December basis, the Index has grown 2.1 percent. Concern over economic slowdown is the topic of the day for many industries. The higher inflation and

The Leading Index reflects activity that will impact the economy for a duration of three to six months into the future. Coincident indicators measure current conditions.

tight labor market that marked the last

half of 2000 have taken their toll; the The current data suggests that

average growth of the Leading Index economic growth peaked in April of

has been 4.5 to 6.0 through the 1990's. 2000 when the Index reached a high

of 145.95. The softening in the latter months of 2000 would suggest that the metropolitan economy is stable and that a gradual slowing of the local economy is likely. Some sectors are experiencing sharp declines, while other areas of the economy continue to show some growth. The Index of Coincident indicators declined 2.4 percent in December, to a level of 137.2 from a revised 140.48. The average index for the twelve months of 2000 grew 3.5 percent, while the December to December change was down 0.2 percent. Most of the weakness in the Coincident Index is contributed by softening in both residential and nonresidential construction.

4 Metro Atlanta Economic Indicators / .ebruary 2001

Georgia Department of Labor

Data Summary
December 2000

Metro Atlanta Economic Indicators

Dec 2000 Nov 2000

Dec 1999

Percent Change Nov 2000
to Dec 2000

Percent Change Dec 1999
to Dec 2000

Nonagricultural Employment

2,231,000

Wholesale Employment

182,800

Retail Employment

404,500

Services Employment

700,200

Manufacturing Employment

227,300

Government Employment

265,800

Construction Employment

118,500

Transp. & Pub. Utilities Employment

195,600

Finance, Insurance & Realty Employment

138,300

Business Services Employment

223,900

Health Services Employment

132,800

Social Services Employment

28,675

Manufacturing Workweek

38.7

Manufacturing Earnings

$547.78

Deflated Manufacturing Earnings

$314.82

Initial Unemployment Claims

7,832

Continued Unemployment Claims

63,523

Total Unemployment Rate

2.6%

Insured Unemployment Rate

0.72%

MARTA Passengers

6,221,000

Cobb County Transit Passengers

132,071

Residential Construction (household units)

4,995

Nonresidential Construction (value)

$350,362,000

Deflated Nonresidential Construction

$300,481,990

Hotel Occupancy

67.3%

Average Hotel Room Rates

$78.00

Deflated Average Hotel Room Rate

$44.83

Average 30-Year Fixed Mortgage Rate

7.45%

Average 15-Year Fixed Mortgage Rate

7.09%

Average One-Year Adjustable Mortgage Rate

6.92%

Georgia Department of Labor

2,233,000 181,900 407,300 698,100 226,900 266,600 118,000 194,600 138,600 225,200 132,400 28,503 39.0 $551.00 $316.48 7,901 57,953 2.6% 0.70%
6,553,000 139,810 5,260
$261,427,000 $225,173,988
66.6% $79.00 $45.38 7.79% 7.45% 7.06%

2,198,000 179,500 399,100 685,700 226,700 266,600 117,800 186,400 137,400 233,600 126,000 26,879 40.4 $548.05 $325.64 6,176 51,647 2.9% 0.64%
6,572,000 130,277 4,990
$308,619,000 $274,816,563
66.1% $78.50 $46.64 8.04% 7.65% 6.51%

-0.09 0.49 -0.69 0.30 0.18 -0.30 0.42 0.51 -0.22 -0.58 0.30 0.60 -0.77 -0.58 -0.52 -0.87 9.61
-5.07 -5.54 -5.04 34.02 33.44 -1.27 -1.21 -

1.50 1.84 1.35 2.11 0.26 -0.30 0.59 4.94 0.66 -4.15 5.40 6.68 -4.21 -0.05 -3.32 26.81 22.99
-5.34 1.38 0.10 13.53 9.34 -0.64 -3.89 -

Metro Atlanta Economic Indicators / .ebruary 2001 5

Nonagricultural Employment
2.3 1998-99 1999-2000

MILLIONS

2.2

Monthly Data

Seasonally Adjusted

2.2

2.1

2.1

2.0

J

F

M

A

M

J

Month

Jan

Feb

M ar

Apr

M ay

Jun

Jul

Aug

Sep

Oct

Nov

Dec

J

A

S

O

N

D

1998-99
2,097,000 2,107,000 2,115,000 2,125,000 2,136,000 2,146,000 2,155,000 2,167,000 2,173,000 2,186,000 2,192,000 2,198,000

1999-2000
2,207,000 2,206,000 2,218,000 2,226,000 2,230,000 2,226,000 2,237,000 2,234,000 2,237,000 2,232,000 2,233,000 2,231,000

Wholesale Employment

186.9

1998-99 1999-2000

THOUSANDS

183.3

Monthly Data
Seasonally Adjusted

179.7

Month

Jan

Feb

M ar

176.2

Apr

M ay

Jun

Jul

172.6

Aug

Sep

Oct

Nov

169.0

Dec

J

F

M

A

M

J

J

A

S

O

N

D

1998-99
173,200 173,600 174,400 175,200 176,200 176,500 177,600 178,400 179,000 179,200 179,700 179,500

1999-2000
178,700 179,500 179,700 180,300 180,600 181,200 181,200 181,400 181,400 181,600 181,900 182,800

Retail Employment

425.7

1998-99 1999-2000

412.5

Monthly Data
Seasonally Adjusted

THOUSANDS

399.4

Month

Jan

Feb

M ar

386.2

Apr

M ay

Jun

Jul

373.0

Aug

Sep

Oct

Nov

359.9

Dec

J

F

M

A

M

J

J

A

S

O

N

D

1998-99
375,700 378,400 379,300 379,000 382,400 385,000 387,200 390,700 392,000 396,500 396,400 399,100

1999-2000
402,400 402,400 403,900 406,700 405,500 405,000 407,600 404,800 404,400 405,700 407,300 404,500

6 Metro Atlanta Economic Indicators / .ebruary 2001

Georgia Department of Labor

Services Employment

732.4

1998-99

1999-2000

704.8

Monthly Data
Seasonally Adjusted

THOUSANDS

677.1

649.4

621.8

594.1

J

F

M

A

M

J

Month

Jan

Feb

M ar

Apr

M ay

Jun

Jul

Aug

Sep

Oct

Nov

Dec

J

A

S

O

N

D

1998-99
629,000 636,200 642,300 648,900 655,600 660,700 663,300 669,800 673,800 678,800 682,100 685,700

1999-2000
685,000 685,400 688,500 691,000 690,700 690,900 694,500 693,300 695,000 694,900 698,100 700,200

Manufacturing Employment

229.5

1998-99 1999-2000

THOUSANDS

228.6

Monthly Data
Seasonally Adjusted

227.7

Month

Jan

Feb

M ar

226.9

Apr

M ay

Jun

Jul

226.0

Aug

Sep

Oct

Nov

225.1

Dec

J

F

M

A

M

J

J

A

S

O

N

D

1998-99
226,200 226,700 226,400 227,100 227,300 227,400 226,900 226,500 226,300 226,500 226,900 226,700

1999-2000
227,400 227,900 227,800 228,300 228,200 228,300 227,600 227,700 228,100 227,600 226,900 227,300

Government Employment

278.7

1998-99 1999-2000

THOUSANDS

273.1

Monthly Data
Seasonally Adjusted

267.6

Month

Jan

Feb

M ar

262.0

Apr

M ay

Jun

Jul

256.4

Aug

Sep

Oct

Nov

250.9

Dec

J

F

M

A

M

J

J

A

S

O

N

D

1998-99
262,200 260,300 259,000 258,300 257,800 258,300 260,400 260,000 263,100 264,200 264,900 266,600

1999-2000
267,600 269,100 270,900 272,300 271,900 270,200 269,300 270,800 269,900 267,700 266,600 265,800

Georgia Department of Labor

Metro Atlanta Economic Indicators / .ebruary 2001 7

Construction Employment

124.2

1998-99 1999-2000

THOUSANDS

120.3

Monthly Data
Seasonally Adjusted

Month

1998-99

1999-2000

116.5

Jan

109,600

118,300

Feb

111,100

117,500

M ar

111,500

118,700

112.7

Apr M ay

112,900 113,400

117,900 118,800

Jun

114,000

119,000

Jul

114,700

119,500

108.8

Aug

114,700

119,400

Sep

115,500

119,500

Oct

117,200

118,000

Nov

117,500

118,000

105.0

Dec

J

F

M

A

M

J

J

A

S

O

N

D

117,800

118,500

Transportation and Public Utilities Employment

202.0

1998-99

1999-2000

THOUSANDS

196.2

Monthly Data
Seasonally Adjusted

190.5

Month 1998-99

1999-2000

Jan

Feb

M ar

184.8

Apr

M ay

Jun

Jul

179.0

Aug

Sep

Oct

Nov

173.3

Dec

J

F

M

A

M

J

J

A

S

O

N

D

179,900 181,300 181,700 182,800 183,300 183,300 184,400 185,100 185,700 186,200 186,200 186,400

187,700 187,900 189,000 189,700 190,400 191,500 191,300 192,300 193,700 193,600 194,600 195,600

Finance, Insurance and Realty Employment

140.5

1998-99 1999-2000

139.4

Monthly Data
Seasonally Adjusted

THOUSANDS

138.3

Month

1998-99

1999-2000

Jan

136,300

138,500

Feb

136,800

137,900

137.1

M ar

136,800

138,000

Apr

136,500

138,100

M ay Jun

137,200 136,900

137,900 138,100

136.0

Jul

136,900

139,100

Aug

136,800

139,000

Sep

137,200

138,700

Oct

137,200

138,300

Nov

137,400

138,600

134.9

Dec

J

F

M

A

M

J

J

A

S

O

N

D

137,400

138,300

8 Metro Atlanta Economic Indicators / .ebruary 2001

Georgia Department of Labor

Business Services Employment

243.8

1998-99 1999-2000

236.9

Monthly Data
Seasonally Adjusted

THOUSANDS

230.0

Month

Jan

Feb

M ar

223.1

Apr

M ay

Jun

Jul

216.1

Aug

Sep

Oct

Nov

209.2

Dec

J

F

M

A

M

J

J

A

S

O

N

D

1998-99
217,900 220,600 220,400 222,700 223,200 226,000 226,900 230,100 229,100 232,300 234,800 233,600

1999-2000
230,500 230,100 231,400 232,300 230,300 228,700 231,400 230,700 231,200 227,100 225,200 223,900

Health Services Employment

141.0

1998-99 1999-2000

THOUSANDS

134.4

Monthly Data
Seasonally Adjusted

Month

127.9

Jan

Feb

M ar

121.3

Apr

M ay

Jun

Jul

114.7

Aug

Sep

Oct

Nov

108.1

Dec

J

F

M

A

M

J

J

A

S

O

N

D

1998-99
116,300 115,900 118,600 120,400 123,100 123,500 123,900 124,300 124,700 126,200 125,800 126,000

1999-2000
127,500 128,100 128,000 128,400 128,800 128,700 129,300 129,500 130,800 130,900 132,400 132,800

Social Services Employment
30.7 1998-99 1999-2000

THOUSANDS

29.1

Monthly Data

Seasonally Adjusted

Month 27.5

Jan

Feb

M ar

25.8

Apr

M ay

Jun

Jul

24.2

Aug

Sep

Oct

Nov

22.6

Dec

J

F

M

A

M

J

J

A

S

O

N

D

1998-99
24,538 24,890 25,166 25,359 25,456 25,605 25,642 25,680 26,121 26,546 26,904 26,879

1999-2000
27,300 27,430 27,253 27,027 27,369 27,142 27,547 27,725 28,029 28,259 28,503 28,675

Georgia Department of Labor

Metro Atlanta Economic Indicators / .ebruary 2001 9

Manufacturing Workweek

42.3

1998-99

1999-2000

HOURS

41.3

Monthly Data

Seasonally Adjusted

40.4

39.5

38.6

37.6

J

F

M

A

M

J

Month

Jan

Feb

M ar

Apr

M ay

Jun

Jul

Aug

Sep

Oct

Nov

Dec

J

A

S

O

N

D

1998-99
41.0 41.2 41.1 41.0 41.2 40.9 41.1 40.6 40.8 40.1 40.7 40.4

1999-2000
40.5 40.4 40.6 40.3 40.0 40.0 39.5 39.8 39.4 39.7 39.0 38.7

Manufacturing Earnings

$568

1998-99 1999-2000

DOLLARS

$557

Monthly Data
Seasonally Adjusted

$547

Month

Jan

Feb

M ar

$536

Apr

M ay

Jun

Jul

$526

Aug

Sep

Oct

Nov

$516

Dec

J

F

M

A

M

J

J

A

S

O

N

D

1998-99
$ 528.01 536.10 539.56 541.18 544.71 545.58 547.95 541.07 545.86 546.91 549.51 548.05

1999-2000
$ 555.51 549.55 553.59 548.89 543.27 546.49 543.29 551.85 543.51 554.70 551.00 547.78

Deflated Manufacturing Earnings

$336

1998-99 1999-2000

DOLLARS

$330

Monthly Data
Seasonally Adjusted

$324

Month

Jan

Feb

M ar

$318

Apr

M ay

Jun

Jul

$312

Aug

Sep

Oct

Nov

$306

Dec

D

J

F

M

A

M

J

J

A

S

O

D

1998-99
$ 321.37 325.90 327.01 325.62 327.74 328.27 328.70 323.80 325.11 325.15 326.51 325.64

1999-2000
$ 329.29 323.84 323.55 320.61 317.15 317.17 314.77 319.36 312.90 318.79 316.48 314.82

10 Metro Atlanta Economic Indicators / .ebruary 2001

Georgia Department of Labor

Initial Unemployment Claims
8.8 1998-99 1999-2000

THOUSANDS

8.1

Monthly Data

Seasonally Adjusted

Month 7.4
Jan

Feb

M ar

6.7

Apr

M ay

Jun

Jul

5.9

Aug

Sep

Oct

Nov

5.2

Dec

J

F

M

A

M

J

J

A

S

O

N

D

1998-99
6,586 6,456 6,939 6,882 5,999 6,019 6,765 6,113 6,229 6,501 6,568 6,176

1999-2000
6,460 7,263 6,324 6,331 7,219 7,469 6,776 7,668 7,090 7,602 7,901 7,832

Continued Unemployment Claims
70.5 1998-99 1999-2000

THOUSANDS

64.5

Monthly Data

Seasonally Adjusted

Month 58.5

Jan

Feb

M ar

52.5

Apr

M ay

Jun

Jul

46.5

Aug

Sep

Oct

Nov

40.5

Dec

J

F

M

A

M

J

J

A

S

O

N

D

1998-99
47,825 51,854 56,020 53,311 52,103 56,905 47,796 58,490 54,089 55,564 60,890 51,647

1999-2000
59,959 55,923 48,638 55,596 56,516 52,690 62,841 55,993 62,306 60,104 57,953 63,523

Total Unemployment Rate
3.6 1998-99 1999-2000

PERCENTAGES

3.3

Monthly Data

Seasonally Adjusted

Month

3.1 Jan

Feb

Mar

2.8

Apr

May

Jun

Jul

2.6

Aug

Sep

Oct

Nov

2.3

Dec

J

F

M

A

M

J

J

A

S

O

N

D

1998-99
3.2 % 3.3 3.2 3.1 3.0 3.1 3.0 3.0 2.8 2.9 3.0 2.9

1999-2000
3.0 % 2.9 2.9 2.9 2.9 2.9 2.8 2.9 2.8 2.8 2.6 2.6

Georgia Department of Labor

Metro Atlanta Economic Indicators / .ebruary 2001 11

iInsured Unemployment Rate
0.76 1998-99 1999-2000

0.73

Monthly Data

Seasonally Adjusted

PERCENTAGES

Month

0.69

Jan

Feb

M ar

0.65

Apr

M ay

Jun

Jul

0.62

Aug

Sep

Oct

Nov

0.58

Dec

J

F

M

A

M

J

J

A

S

O

N

D

MMARTA Passengers

1998-99

1999-2000

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

0.65 % 0.63 0.63 0.64 0.65 0.66 0.66 0.69 0.70 0.69 0.70 0.72

7.2 1998-99 1999-2000

MILLIONS

6.9

Monthly Data

Seasonally Adjusted

Month 6.6

Jan

Feb

M ar

6.3

Apr

M ay

Jun

Jul

6.1

Aug

Sep

Oct

Nov

5.8

Dec

J

F

M

A

M

J

J

A

S

O

N

D

1998-99
6,253,000 6,468,000 6,473,000 6,345,000 6,190,000 6,158,000 6,129,000 6,230,000 6,343,000 6,336,000 6,830,000 6,572,000

1999-2000
6,436,000 6,668,000 6,681,000 6,293,000 6,634,000 6,575,000 6,552,000 6,641,000 6,443,000 6,435,000 6,553,000 6,221,000

Cobb Community Transit Passengers

158.2

1998-99 1999-2000

145.2

Monthly Data
Seasonally Adjusted

THOUSANDS

132.2

Month

Jan

Feb

M ar

119.3

Apr

M ay

Jun

Jul

106.3

Aug

Sep

Oct

Nov

93.3

Dec

J

F

M

A

M

J

J

A

S

O

N

D

1998-99
110,013 116,385 124,787 112,403 111,714 121,375 120,711 136,024 134,217 125,423 124,804 130,277

1999-2000
132,876 137,926 137,580 141,570 140,815 126,468 130,295 131,758 130,883 135,308 139,810 132,071

12 Metro Atlanta Economic Indicators / .ebruary 2001

Georgia Department of Labor

Residential Construction
6.3 1998-99 1999-2000

HOUSEHOLD UNITS

5.8

Monthly Data

Seasonally Adjusted

Month

5.4

Jan

Feb

M ar

4.9

Apr

M ay

Jun

Jul

4.5

Aug

Sep

Oct

Nov

4.0

Dec

J

F

M

A

M

J

J

A

S

O

N

D

1998-99
4,740 5,089 4,677 4,686 4,744 4,688 4,799 4,619 4,569 4,690 5,007 4,990

1999-2000
5,586 5,288 5,422 5,666 5,628 5,471 5,222 4,970 5,179 4,670 5,260 4,995

Nonresidential Construction

$643

1998-99 1999-2000

MILLIONS

$533

Monthly Data
Seasonally Adjusted

$424

Month

1998-99 1999-2000

Jan

$ 379,283,000 $ 316,527,000

Feb

342,357,000

286,429,000

M ar

523,563,000

333,873,000

$314

Apr

371,801,000

338,038,000

M ay

327,317,000

348,848,000

Jun

312,818,000

473,031,000

Jul

380,220,000

286,496,000

$205

Aug

347,991,000

236,912,000

Sep

295,840,000

421,655,000

Oct

261,251,000

355,787,000

Nov

282,443,000

261,427,000

$96

Dec

J

F

M

A

M

J

J

A

S

O

N

D

308,619,000

350,362,000

Deflated Nonresidential Construction

$602

1998-99 1999-2000

$501

Monthly Data
Seasonally Adjusted

MILLIONS

$400

Month

1998-99

1999-2000

Jan

$ 349,570,000

$ 280,609,000

Feb

315,246,000

253,253,000

$298

Mar

480,774,000

294,680,000

Apr

340,166,000

296,785,000

May

298,103,000

305,471,000

Jun

283,350,000

413,128,000

$197

Jul

343,779,000

249,344,000

Aug

314,071,000

206,010,000

Sep

266,763,000

365,386,000

Oct

234,516,000

307,243,000

Nov

252,407,000

225,174,000

$96

Dec

J

F

M

A

M

J

J

A

S

O

N

D

274,817,000

300,482,000

Georgia Department of Labor

Metro Atlanta Economic Indicators / .ebruary 2001 13

Hotel Occupancy
69.2 1998-99 1999-2000

67.5

Monthly Data

Seasonally Adjusted

PERCENTAGES

Month 65.8
Jan

Feb

M ar

64.1

Apr

M ay

Jun

Jul

62.4

Aug

Sep

Oct

Nov

60.7

Dec

J

F

M

A

M

J

J

A

S

O

N

D

Average Hotel Room Rates
$89 1998-99 1999-2000

1998-99
65.50 % 65.80 65.80 66.60 67.00 64.40 65.20 66.00 66.80 66.90 67.00 66.10

1999-2000
66.30 % 64.10 64.20 62.60 64.10 66.20 66.30 66.40 67.20 64.50 66.60 67.30

DOLLARS

$86
Monthly Data
Seasonally Adjusted

$83

Month

Jan

Feb

M ar

$80

Apr

M ay

Jun

Jul

$76

Aug

Sep

Oct

Nov

$73

Dec

J

F

M

A

M

J

J

A

S

O

N

D

1998-99
$87.15 80.11 79.14 79.33 76.96 79.18 76.85 77.65 79.08 79.39 81.55 78.50

1999-2000
$ 78.50 79.69 79.11 79.42 80.78 77.77 79.01 81.49 80.20 78.32 79.00 78.00

Deflated Average Hotel Room Rates
$51 1998-99 1999-2000

$49

Monthly Data

Seasonally Adjusted

DOLLARS

Month

$48

Jan

Feb

M ar

$46

Apr

M ay

Jun

Jul

$44

Aug

Sep

Oct

Nov

$43

Dec

J

F

M

A

M

J

J

A

S

O

N

D

1998-99
$ 48.76 48.11 48.08 46.31 47.64 46.24 46.58 47.32 47.11 47.20 48.46 46.64

1999-2000
$47.24 46.62 46.42 47.18 45.40 45.86 47.21 46.41 47.01 45.01 45.38 44.83

14 Metro Atlanta Economic Indicators / .ebruary 2001

Georgia Department of Labor

Average 30-Year Fixed Mortgage Rate*
9.37 1998-99 1999-2000

8.68

PERCENTAGES

7.98

7.29

6.59

5.90

J

F

M

A

M

J

J

Average 15-Year Fixed Mortgage Rate*
9.10 1998-99 1999-2000

Monthly Data
Not Seasonally Adjusted

Month

Jan Feb M ar Apr M ay Jun Jul Aug Sep Oct Nov Dec

A

S

O

N

D

* Does not include points

1998-99
6.78 6.79 7.00 6.89 7.09 7.56 7.68 8.03 7.90 7.86 7.72 8.04

1999-2000
8.19 8.37 8.28 8.12 8.55 8.26 8.16 8.04 7.95 7.81 7.79 7.45

8.38

PERCENTAGES

7.66

6.95

6.23

5.51

J

F

M

A

M

J

J

A

S

O

N

D

* Does not include points

Average One-Year Adjustable Mortgage Rate*

8.28

1998-99

1999-2000

Monthly Data
Not Seasonally Adjusted

Month

1998-99

Jan

6.34

Feb

6.35

M ar

6.58

Apr

6.47

M ay

6.69

Jun

7.17

Jul

7.23

Aug

7.55

Sep

7.48

Oct

7.45

Nov

7.35

Dec

7.65

1999-2000
7.78 7.96 7.87 7.78 8.27 8.01 7.87 7.78 7.63 7.48 7.45 7.09

7.51

Monthly Data

Not Seasonally Adjusted

PERCENTAGES

Month

6.73

Jan

Feb

M ar

5.96

Apr

M ay

Jun

Jul

5.19

Aug

Sep

Oct

Nov

4.42

Dec

J

F

M

A

M

J

J

A

S

O

N

D

* Does not include points

1998-99
5.32 5.34 5.44 5.52 5.59 5.87 5.98 5.73 6.30 6.36 6.30 6.51

1999-2000
6.72 6.93 6.90 6.82 6.64 7.22 7.26 7.35 7.34 7.14 7.06 6.92

Georgia Department of Labor

Metro Atlanta Economic Indicators / .ebruary 2001 15

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