AT L A N TA
METROPOLITAN
Economic
Indicators
A Monthly Report of Atlanta Labor Market and Economic Trends
May 2001
Volume 4, Issue 3
Georgia Department of Labor
Michael L. Thurmond Commissioner
Metro Rockdale
P ic k e n s Bartow Cherokee Forsyth
Cobb P a u ld in g
G w innett B arrow
C arroll
D ouglas Fulton D eK alb
Cla yton
W alton Newton
Fa ye tte
Coweta
Henry
S p a ld in g
Atlanta
Economic
Indicators
Monthly Report Volume 4, Issue 3 May 2001
March 2001 Data
Cover art: Bulloch Hall, Historic Roswell, circa 1840 by Carol Hendley Foster, Roswell, Georgia
Metro Atlanta Economic Indicators is published by Workforce Information and Analysis, a division of the Georgia Department of Labor, 148 Andrew Young International Boulevard, Atlanta, Georgia 303031751. 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 / May 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 in this report are seasonally adjusted except Average 30-Year, 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. 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 that 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 Bill Webb, Workforce Information and Analysis, Georgia Department of Labor, 148 Andrew Young International Boulevard, Atlanta, Georgia 303031751. 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
Airport Traffic Data -- Hartsfield Atlanta International Airport, Department of Aviation
2 Metro Atlanta Economic Indicators / May 2001
Georgia Department of Labor
Consumer Price Index for the South
1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001
Jan
110.2 114.1 118.9 124.6 131.4 134.4 138.4 142.5 146.7 151.1 155.7 157.6 159.9 164.0 169.3
Feb 62.4 68.9 78.5 87.8 95.1 98.0 102.4 105.7 108.9 110.7 114.4 119.2 125.4 131.7 134.9 139.1 142.9 147.4 151.5 156.1 157.8 160.0 164.7 170.2
Mar
111.1 114.8 119.8 126.0 131.9 135.5 139.7 143.6 148.0 152.4 156.5 158.2 160.6 166.4 170.6
Apr 63.5 70.3 80.6 89.0 94.7 98.8 103.1 106.4 107.9 111.5 115.4 120.8 126.1 132.1 135.9 140.2 143.8 148.4 153.2 156.7 158.5 161.5 166.6
May
111.8 115.6 121.3 126.5 132.5 136.2 140.7 144.3 148.8 153.5 156.6 158.8 161.6 166.6
Jun 64.9 72.2 82.2 90.4 97.0 99.6 103.6 107.1 108.7 112.2 116.1 121.7 127.3 132.8 136.7 140.8 144.7 149.1 154.0 157.0 159.1 161.7 167.4
Jul
112.6 116.6 122.0 127.8 133.0 136.8 140.9 145.0 149.2 154.0 157.0 159.3 162.2 167.9
Aug 65.9 73.6 82.7 91.9 97.6 100.2 104.3 107.6 108.7 112.9 117.0 122.1 128.7 133.3 137.0 141.5 145.5 149.7 154.1 157.1 159.5 162.6 168.0
Sep
113.5 117.7 122.5 129.7 133.8 137.3 141.6 145.8 149.8 154.5 157.5 159.5 163.2 168.5
Oct 66.8 75.0 84.2 93.0 98.0 101.2 105.1 108.3 109.4 113.8 118.2 123.0 130.7 134.1 137.8 142.2 145.9 150.5 154.9 157.8 159.8 163.6 168.5
Nov
114.1 118.3 123.2 130.9 134.4 138.1 142.3 146.0 150.4 155.1 157.8 159.6 163.5 168.6
Dec 67.7 76.3 85.8 94.3 97.8 101.3 105.3 108.7 109.7 114.0 118.5 123.4 130.9 134.3 137.9 142.2 146.1 150.3 155.1 157.3 159.6 163.6 168.4
Rate 9.9 12.7 12.5 9.9 3.7 3.6 3.9 3.2 0.9 3.9 3.9 4.1 6.1 2.6 2.7 3.1 2.7 2.9 3.2 1.4 1.5 2.5 2.9
Source: U.S. Bureau of Labor Statistics
CPI South increased 0.2 percent during March
Urban Consumers (CPI-U) for the South, increased 0.2 percent, not seasonally adjusted, to a level of 170.6 (1982-84= 100), for the month of March, according to data released by the U.S. Department of Labor's Bureau of Labor Statistics. For the 12-month period ending in March, the CPI-U for the South increased 2.5 percent. Over the month, higher costs for housing and apparel were the primary reasons for the increase in the index. These increases were partially offset by a drop in the cost of transportation. Energy costs decreased 1.7 percent in March, as the costs for motor fuels and household fuel and utilities declined. The drop compared to increases of 2.3 and 1.2 percent in January and February, respectively.
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 0.037x100
Equals percent change
3.7%
Housing costs rose 0.4 percent in March. Higher costs for shelter (0.6 percent) contributed to the increase. Fuel and utilities costs decreased 0.2 percent over the month, as higher costs for electricity were
more than offset by lower costs for utility natural gas.
The index for apparel increased 3.3 percent over the month, which is typical of this index to record its largest gains this time of year. The transportation index declined 0.8 percent over the month. Lower costs for gasoline, combined with lower costs for new vehicles, brought the index to a level equal to a year ago.
The long-term trend of rising medical costs continued in March. The index rose 0.5 percent, after rising 0.6 percent in January and 0.4 percent in February. The majority of the increase was due to a 0.5 percent increase in the index for medical services. The remaining component is medical care commodities, which rose 0.6 percent in March.
Georgia Department of Labor
Metro Atlanta Economic Indicators / May 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 decreased slightly in March
The Georgia Department of Labor's Index of Leading Economic Indicators for the Atlanta Metropolitan Area decreased 0.1 percent in March, to a level of 147.5 from a revised 148.9, after seasonal adjustment. The average index for the first quarter of 2001 was 147.9, a .03 percent increase over the first quarter's average of 2000 which was 144.3.
Productivity softened during the month of March. The value of construction spending on nonresidential projects fell for a second consecutive month, to a level of $309,7 million. Nonagricultural employment also decreased 0.02 percent in March, after seasonal adjustment. Residential construction and construction employment decreased 18.62 and 1.79 percent, respectively ( compared to February's
Recent 12 Months
Leading Coincident
149.7
146.9
144.0
141.1 138.3
1987-88 = 100 AM J J ASOND J FM
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.
data ) which contributed to moving the index lower. However, other employment sectors remained stable during the month of March.
The Index of Coincident Indicators also declined slightly 0.01 percent in March, to a level of 141.64 from a revised 142.55. For the first quarter of 2001 the coincident index registered a three month average of 142.85, which is 0.2 percent below 2000 first quarter's average of 145.18.
The unemployment rate for Metropolitan Atlanta was 3.1% for the month of March, matching February's rate. Initial unemployment claims decreased in March. However, claims remain above the previous year's level for the same time period. Thus far any softening in the economy has not translated into higher unemployment rates for Metropolitan Atlanta.
4 Metro Atlanta Economic Indicators / May 2001
Georgia Department of Labor
Data Summary
March 2001 Data
Metro Atlanta Economic Indicators
Mar 2001
Feb 2001
Mar 2000
Percent Change Feb 2001
to Mar 2001
Percent Change Mar 2000
to Mar 2001
Nonagricultural Employment
2,223,069
Wholesale Employment
181,642
Retail Employment
405,855
Services Employment
688,706
Manufacturing Employment
219,105
Government Employment
270,924
Construction Employment
119,732
Transp. & Pub. Utilities Employment
197,964
Finance, Insurance & Realty Employment
139,440
Business Services Employment
228,024
Health Services Employment
129,756
Social Services Employment
30,723
Manufacturing Workweek
38.7
Manufacturing Earnings
$550.43
Deflated Manufacturing Earnings
$313.10
Initial Unemployment Claims
10,071
Continued Unemployment Claims
76,174
Total Unemployment Rate (Not seasonally adjusted)
3.1%
Insured Unemployment Rate
0.92%
MARTA Passengers
6,433,000
Cobb County Transit Passengers
176,786
Residential Construction (household units)
5,197
Nonresidential Construction (value)
$309,722,000
Deflated Nonresidential Construction
$176,179
Hotel Occupancy
67.2%
Average Hotel Room Rates
$81.21
Deflated Average Hotel Room Rate
$46.20
Average 30-Year Fixed Mortgage Rate
7.11%
Average 15-Year Fixed Mortgage Rate
6.62%
Average One-Year Adjustable Mortgage Rate
5.83%
2,223,623 180,488 403,598 690,495 219,349 270,176 121,920 197,934 140,012 230,476 129,562 30,966 38.9 $554.88 $316.90 10,389 79,998 3.1% 0.86%
6,221,000 129,505 6,386
$329,048,000 $187,920 64.8% $81.24 $46.40 7.17% 6.74% 6.50%
2,216,669 179,379 402,572 687,639 227,781 272,236 118,338 189,925 137,927 230,473 127,809 31,211 40.5 $554.03 $326.47 6,019 51,222 3.1% 0.63%
6,703,000 140,823 5,801
$341,706,000 $201,359 64.8% $79.89 $47.08 8.37% 7.96% 6.93%
-0.02 0.64 0.56 -0.26 -0.11 0.28 -1.79 0.02 -0.41 -1.06 0.15 -0.78 -0.67 -0.80 -1.20 -3.06 -4.78
3.41 36.51 -18.62 -5.87 -6.25 -0.03 -0.43 -
0.29 1.26 0.82 0.16 -3.81 -0.48 1.18 4.23 1.10 -1.06 1.52 -1.56 -4.45 -0.65 -4.10 67.32 48.71
-4.03 25.54 -10.41 -9.36 -12.51 1.66 -1.87 -
Georgia Department of Labor
Metro Atlanta Economic Indicators / May 2001 5
Nonagricultural Employment
2.3 1999-2000 2000-2001
MILLIONS
2.2
Monthly Data
Seasonally Adjusted
Month 1999-2000 2000-2001 2.2
Apr
2,124,054
2,225,822
M ay
2,138,190
2,233,091
Jun
2,150,595
2,230,950
2.2
Jul
2,151,919
2,234,401
Aug
2,166,270
2,233,789
Sep
2,173,027
2,237,468
Oct
2,187,028
2,234,007
2.1
Nov
2,194,366
2,236,144
Dec
2,204,018
2,220,052
Jan
2,200,690
2,229,916
Feb
2,200,799
2,223,623
2.1
M ar
A
M
J
J
A
S
O
N
D
J
F
M
2,216,669
2,223,069
Wholesale Employment
1999-2000 2000-2001
THOUSANDS
183.4
Monthly Data
Seasonally Adjusted
180.5
Month 1999-2000 2000-2001
Apr
M ay
Jun
177.6
Jul
Aug
Sep
Oct
174.8
Nov
Dec
Jan
Feb
171.9
M ar
A
M
J
J
A
S
O
N
D
J
F
M
175,323 176,188 176,661 178,710 178,842 179,220 179,258 179,651 179,387 178,203 177,702 179,379
180,470 179,722 181,436 182,491 181,897 182,540 181,711 181,782 179,446 180,091 180,488 181,642
Retail Employment
425.7
1999-2000 2000-2001
413.1
Monthly Data
Seasonally Adjusted
THOUSANDS
400.4
Month 1999-2000 2000-2001
Apr
M ay
Jun
387.8
Jul
Aug
Sep
Oct
375.1
Nov
Dec
Jan
Feb
362.5
M ar
A
M
J
J
A
S
O
N
D
J
F
M
377,665 382,503 385,143 385,924 390,628 391,775 396,027 398,386 404,068 401,211 400,399 402,572
405,683 405,722 405,222 406,310 404,834 404,387 409,441 409,133 405,593 406,364 403,598 405,855
6 Metro Atlanta Economic Indicators / May 2001
Georgia Department of Labor
Services Employment
717.6
1999-2000
2000-2001
700.5
Monthly Data
Seasonally Adjusted
THOUSANDS
683.4
Month 1999-2000 2000-2001
Apr
653,400
692,837
M ay
656,718
692,025
Jun
663,866
694,036
666.3
Jul
665,382
696,955
Aug
672,449
695,790
Sep
672,074
697,213
Oct
678,286
694,387
649.2
Nov
680,198
696,167
Dec
682,415
684,244
Jan
680,728
696,826
Feb
683,200
690,495
632.1
M ar
A
M
J
J
A
S
O
N
D
J
F
M
687,639
688,706
Manufacturing Employment
233.6
1999-2000 2000-2001
THOUSANDS
229.4
Monthly Data
Seasonally Adjusted
225.2
Month 1999-2000 2000-2001
Apr
M ay
Jun
221.1
Jul
Aug
Sep
Oct
216.9
Nov
Dec
Jan
Feb
212.7
M ar
A
M
J
J
A
S
O
N
D
J
F
M
226,820 227,324 227,668 225,189 226,572 226,329 226,540 227,163 226,747 228,775 227,841 227,781
228,063 228,271 228,533 227,601 227,791 228,193 227,675 227,212 220,616 217,770 219,349 219,105
Government Employment
287.6
1999-2000 2000-2001
THOUSANDS
279.5
Monthly Data
Seasonally Adjusted
271.4
Month 1999-2000 2000-2001
Apr
259,213
273,289
M ay
259,192
277,849
Jun
258,057
269,742
263.3
Jul
257,336
266,338
Aug
256,695
267,707
Sep
262,650
269,868
Oct
264,446
267,835
255.2
Nov
265,767
267,240
Dec
267,748
269,848
Jan
267,786
268,177
Feb
269,701
270,176
247.2
M ar
A
M
J
J
A
S
O
N
D
J
F
M
272,236
270,924
Georgia Department of Labor
Metro Atlanta Economic Indicators / May 2001 7
Construction Employment
127.5
1999-2000
2000-2001
THOUSANDS
123.6
Monthly Data
Seasonally Adjusted
Month 1999-2000 2000-2001
119.7
Apr
112,673
117,776
M ay
113,735
119,199
Jun
114,648
118,516
115.8
Jul
115,634
120,514
Aug
115,750
121,557
Sep
116,178
120,225
Oct
117,037
117,899
112.0
Nov
117,242
117,628
Dec
117,102
119,081
Jan
117,065
122,950
Feb
116,387
121,920
108.1
M ar
A
M
J
J
A
S
O
N
D
J
F
M
118,338
119,732
Transportation and Public Utilities Employment
205.2
1999-2000
2000-2001
THOUSANDS
199.3
Monthly Data
Seasonally Adjusted
193.3
Month 1999-2000 2000-2001
Apr
M ay
Jun
187.3
Jul
Aug
Sep
Oct
181.4
Nov
Dec
Jan
Feb
175.4
M ar
A
M
J
J
A
S
O
N
D
J
F
M
182,620 183,242 183,229 182,915 185,641 185,833 186,387 186,327 186,429 187,387 187,599 189,925
189,480 190,304 191,488 191,320 192,893 194,043 193,873 194,806 195,608 196,073 197,934 197,964
Finance, Insurance and Realty Employment
145.8
1999-2000
2000-2001
143.4
Monthly Data
Seasonally Adjusted
THOUSANDS
141.0
Month 1999-2000
2000-2001
Apr M ay
136,472 137,223
138,073 137,947
138.5
Jun
137,994
138,116
Jul
137,453
139,656
Aug
137,036
139,226
Sep
137,316
138,833
136.1
Oct
137,054
138,219
Nov
137,141
138,396
Dec
137,288
143,019
Jan
138,481
141,026
Feb
137,703
140,012
133.7
M ar
A
M
J
J
A
S
O
N
D
J
F
M
137,927
139,440
8 Metro Atlanta Economic Indicators / May 2001
Georgia Department of Labor
Business Services Employment
244.5
1999-2000
2000-2001
238.9
Monthly Data
Seasonally Adjusted
THOUSANDS
233.3
Month 1999-2000 2000-2001
Apr
223,132
232,792
M ay
223,538
230,707
Jun
225,996
228,652
227.7
Jul
225,886
230,302
Aug
230,287
230,796
Sep
230,231
232,261
Oct
232,383
227,089
222.0
Nov
235,406
225,826
Dec
234,764
233,224
Jan
229,307
237,429
Feb
229,547
230,476
216.4
M ar
A
M
J
J
A
S
O
N
D
J
F
M
230,473
228,024
Health Services Employment
136.4
1999-2000
2000-2001
THOUSANDS
133.0
Monthly Data
Seasonally Adjusted
Month 1999-2000 2000-2001
129.5
Apr
123,164
128,347
M ay
123,195
128,939
Jun
123,732
128,976
126.0
Jul
124,137
129,684
Aug
124,770
129,935
Sep
124,875
130,936
Oct
126,333
131,110
122.5
Nov
125,698
132,361
Dec
125,899
126,949
Jan
127,090
129,064
Feb
127,706
129,562
119.0
M ar
A
M
J
J
A
S
O
N
D
J
F
M
127,809
129,756
Social Services Employment
34.1 1999-2000 2000-2001
THOUSANDS
32.7
Monthly Data
Seasonally Adjusted
Month 1999-2000 2000-2001 31.2
Apr
28,605
31,617
M ay
29,044
32,118
Jun
29,091
32,272
29.8
Jul
29,035
32,228
Aug
29,282
32,245
Sep
29,721
32,129
Oct
30,602
32,262
28.3
Nov
30,590
32,168
Dec
30,782
30,394
Jan
30,449
30,473
Feb
31,044
30,966
26.8
M ar
A
M
J
J
A
S
O
N
D
J
F
M
31,211
30,723
Georgia Department of Labor
Metro Atlanta Economic Indicators / May 2001
9
Manufacturing Workweek
1999-2000
2000-2001
HOURS
41.6
Monthly Data
Seasonally Adjusted
Month 1999-2000 2000-2001
40.6
Apr
41.0
41.4
M ay
41.2
40.1
Jun
41.0
40.1
39.6
Jul
41.2
39.6
Aug
40.7
39.9
Sep
40.9
38.7
Oct
40.2
39.8
38.5
Nov
40.6
39.0
Dec
40.4
38.7
Jan
40.5
39.2
Feb
40.1
38.9
37.5
M ar
A
M
J
J
A
S
O
N
D
J
F
M
40.5
38.7
Manufacturing Earnings
$590
1999-2000
2000-2001
DOLLARS
$575
Monthly Data
Seasonally Adjusted
$560
Month 1999-2000
2000-2001
Apr
$541.99
$571.12
M ay
544.30
542.62
Jun
546.67
547.70
$545
Jul
546.23
541.13
Aug
539.92
550.67
Sep
555.89
539.07
Oct
534.19
560.07
$530
Nov
553.49
556.08
Dec
554.94
553.59
Jan
550.38
552.34
Feb
544.01
554.88
$515
M ar
554.03
550.43
A
M
J
J
A
S
O
N
D
J
F
M
Deflated Manufacturing Earnings
1999-2000 2000-2001
DOLLARS
$335
Monthly Data
Seasonally Adjusted
$327
Month 1999-2000 2000-2001
Apr
M ay
Jun
$319
Jul
Aug
Sep
Oct
$310
Nov
Dec
Jan
Feb
$302
M ar
A
M
J
J
A
S
O
N
D
J
F
M
$328.48 327.50 328.92 328.66 323.89 332.67 318.16 329.07 329.73 327.02 322.47 326.47
$333.79 316.95 319.73 314.06 319.05 311.96 322.43 319.59 317.97 317.44 316.90 313.10
10 Metro Atlanta Economic Indicators / May 2001
Georgia Department of Labor
Initial Unemployment Claims
1999-2000 2000-2001
THOUSANDS
12.1
Monthly Data
Seasonally Adjusted
Month 1999-2000 2000-2001 9.8
Apr
6,328
5,755
M ay
5,703
6,848
Jun
5,951
7,454
7.6
Jul
6,879
6,851
Aug
6,383
8,054
Sep
6,245
7,050
Oct
6,372
7,531
5.4
Nov
6,283
7,694
Dec
6,349
8,018
Jan
7,041
11,771
Feb
7,361
10,389
3.2
M ar
A
M
J
J
A
S
O
N
D
J
F
M
6,019
10,071
Continued Unemployment Claims
101.9
1999-2000 2000-2001
THOUSANDS
87.2
Monthly Data
Seasonally Adjusted
Month 1999-2000 2000-2001 72.6
Apr
51,703
54,121
M ay
48,430
64,530
Jun
56,237
51,960
58.0
Jul
46,519
60,800
Aug
63,232
60,917
Sep
51,275
59,395
Oct
51,991
71,422
43.4
Nov
62,161
60,067
Dec
52,107
63,229
Jan
64,099
84,799
Feb
55,856
79,998
28.7
M ar
A
M
J
J
A
S
O
N
D
J
F
M
51,222
76,174
Total Unemployment Rate
1999-2000 2000-2001
PERCENTAGES
3.7
Monthly Data
Not Seasonally Adjusted
3.2
Month 1999-2000 2000-2001
Apr
May
Jun
2.8
Jul
Aug
Sep
Oct
2.3
Nov
Dec
Jan
Feb
1.9
Mar
A
M
J
J
A
S
O
N
D
J
F
M
2.8 % 2.9 3.5 3.4 3.2 3.2 3.2 2.9 3.0 2.8 3.1 3.1
2.8 % 3.0 3.6 3.3 3.1 3.1 2.9 2.5 2.4 2.7 3.1 3.1
Georgia Department of Labor
Metro Atlanta Economic Indicators / May 2001 11
iInsured Unemployment Rate
1999-2000 2000-2001
0.94
Monthly Data
Seasonally Adjusted
PERCENTAGES
0.83
Month 1999-2000 2000-2001
Apr
M ay
Jun
0.71
Jul
Aug
Sep
Oct
0.60
Nov
Dec
Jan
Feb
0.48
M ar
A
M
J
J
A
S
O
N
D
J
F
M
0.62 % 0.61 0.61 0.63 0.64 0.63 0.64 0.63 0.64 0.70 0.64 0.63
0.63 % 0.64 0.65 0.66 0.69 0.69 0.67 0.69 0.77 0.83 0.86 0.92
MMARTA Passengers
7.5 1999-2000 2000-2001
MILLIONS
7.1
Monthly Data
Seasonally Adjusted
Month 1999-2000 2000-2001 6.7
Apr
6,289,000
6,263,000
M ay
6,189,000
6,671,000
Jun
6,194,000
7,068,000
6.3
Jul
6,125,000
5,995,000
Aug
6,270,000
6,648,000
Sep
6,414,000
6,490,000
Oct
6,419,000
6,503,000
5.9
Nov
6,671,000
6,459,000
Dec
6,542,000
6,194,000
Jan
6,476,000
6,799,000
Feb
6,589,000
6,221,000
5.5
M ar
A
M
J
J
A
S
O
N
D
J
F
M
6,703,000
6,433,000
Cobb Community Transit Passengers
249.6
1999-2000
2000-2001
205.5
Monthly Data
Seasonally Adjusted
THOUSANDS
161.4
Month 1999-2000 2000-2001
Apr
118,615
174,709
M ay
109,473
196,736
Jun
122,062
126,596
117.2
Jul
118,552
126,250
Aug
141,427
137,760
Sep
135,838
132,960
Oct
126,490
135,407
73.1
Nov
120,472
135,877
Dec
140,513
124,577
Jan
89,020
137,730
Feb
136,507
129,505
29.0
M ar
A
M
J
J
A
S
O
N
D
J
F
M
140,823
176,786
12 Metro Atlanta Economic Indicators / May 2001
Georgia Department of Labor
Residential Construction
7.5 1999-2000 2000-2001
6.5
Monthly Data
Seasonally Adjusted
HOUSEHOLD UNITS ( THOUSANDS )
Month 1999-2000 2000-2001
5.6
Apr
4,984
6,037
M ay
3,917
5,789
Jun
5,920
5,453
4.7
Jul
4,991
5,416
Aug
4,812
5,074
Sep
4,391
4,936
Oct
4,243
4,169
3.8
Nov
6,242
5,153
Dec
4,618
4,569
Jan
5,639
6,236
Feb
5,305
6,386
2.9
M ar
A
M
J
J
A
S
O
N
D
J
F
M
5,801
5,197
Nonresidential Construction
$710
1999-2000 2000-2001
MILLIONS
$587
Monthly Data
Seasonally Adjusted
$464
Month 1999-2000 2000-2001
Apr
$333,517,000 $559,751,000
M ay
344,342,000
368,432,000
Jun
357,596,000
546,766,000
$341
Jul
370,283,000
277,576,000
Aug
405,393,000
270,611,000
Sep
282,640,000
411,800,000
Oct
262,985,000
359,115,000
$218
Nov
272,326,000
253,203,000
Dec
448,218,000
313,388,000
Jan
306,194,000
348,961,000
Feb
249,729,000
329,048,000
$96
M ar
A
M
J
J
A
S
O
N
D
J
F
M
341,706,000
309,722,000
Deflated Nonresidential Construction
1999-2000 2000-2001
$341
Monthly Data
Seasonally Adjusted
MILLIONS
$271
Month 1999-2000 2000-2001
Apr
$202,132,000 $327,148,000
M ay
207,185,000
215,206,000
$202
Jun
215,160,000
319,186,000
Jul
222,794,000
161,100,000
Aug
243,187,000
156,785,000
Sep
169,144,000
238,310,000
Oct
156,632,000
206,744,000
$132
Nov
161,906,000
145,519,000
Dec
266,321,000
180,005,000
Jan
181,933,000
200,552,000
Feb
148,031,000
187,920,000
$63
M ar
A
M
J
J
A
S
O
N
D
J
F
M
201,359,000
176,179,000
Georgia Department of Labor
Metro Atlanta Economic Indicators / May 2001
13
Hotel Occupancy
71.4 1999-2000
2000-2001
68.5
Monthly Data
Seasonally Adjusted
PERCENTAGES
Month 1999-2000 2000-2001
65.5
Apr
67.65 %
63.50 %
M ay
67.43
64.38
Jun
65.95
67.42
62.6
Jul
67.10
67.97
Aug
64.21
67.05
Sep
67.01
67.78
Oct
67.15
64.59
59.7
Nov
65.72
65.51
Dec
60.26
62.09
Jan
66.84
66.06
Feb
65.07
64.83
56.7
M ar
A
M
J
J
A
S
O
N
D
J
F
M
64.78
67.17
Average Hotel Room Rates
1999-2000 2000-2001
DOLLARS
$91
Monthly Data
Seasonally Adjusted
Month 1999-2000 2000-2001 $85
Apr
M ay
Jun
$80
Jul
Aug
Sep
Oct
$74
Nov
Dec
Jan
Feb
$68
M ar
A
M
J
J
A
S
O
N
D
J
F
M
$77.66 79.30 77.47 74.93 78.30 79.07 80.59 81.51 76.33 90.00 78.53 79.89
$81.76 77.88 79.51 78.61 79.46 81.68 79.31 79.14 76.32 83.74 81.24 81.21
Deflated Average Hotel Room Rates
$58 1999-2000 2000-2001
$54
Monthly Data
Seasonally Adjusted
DOLLARS
Month 1999-2000 2000-2001 $50
Apr M ay
$47.07 47.71
$47.79 45.49
Jun
46.61
46.42
$47
Jul
45.08
45.62
Aug
46.97
46.04
Sep
47.32
47.27
Oct
48.00
45.66
$43
Nov
48.46
45.49
Dec
45.35
43.83
Jan
Feb
$40
M ar
A
M
J
J
A
S
O
N
D
J
F
M
53.47 46.55 47.08
48.12 46.40 46.20
14 Metro Atlanta Economic Indicators / May 2001
Georgia Department of Labor
Average 30-Year Fixed Mortgage Rate*
9.37 1999-2000 2000-2001
8.72
PERCENTAGES
8.06
7.41
6.76
6.10
A
M
J
J
A
S
O
Average 15-Year Fixed Mortgage Rate*
9.10 1999-2000 2000-2001
Monthly Data
Not Seasonally Adjusted
Month
Apr M ay Jun Jul Aug Sep Oct Nov Dec Jan Feb M ar
N
D
J
F
M
* Does not include points
1999-2000
7.00 % 6.89 7.09 7.56 7.68 8.03 7.90 7.86 7.72 8.04 8.19 8.37
2000-2001
8.28 % 8.12 8.55 8.26 8.16 8.04 7.95 7.81 7.79 7.45 7.17 7.11
8.40
PERCENTAGES
7.70
7.01
6.31
5.61
A
M
J
J
A
S
O
N
D
J
F
M
* Does not include points
Average One-Year Adjustable Mortgage Rate*
8.24
1999-2000
2000-2001
Monthly Data
Not Seasonally Adjusted
Month 1999-2000
2000-2001
Apr
6.58 %
7.87 %
M ay
6.47
7.78
Jun
6.69
8.27
Jul
7.17
8.01
Aug
7.23
7.87
Sep
7.55
7.78
Oct
7.48
7.63
Nov
7.45
7.48
Dec
7.35
7.45
Jan
7.65
7.09
Feb
7.78
6.74
M ar
7.96
6.62
7.50
Monthly Data
Not Seasonally Adjusted
PERCENTAGES
Month
1999-2000 2000-2001
6.76
Apr
5.44 %
6.90 %
M ay
5.52
6.82
Jun
5.59
6.64
6.03
Jul
5.87
7.22
Aug
5.98
7.26
Sep
5.73
7.35
Oct
6.30
7.34
5.29
Nov
6.36
7.14
Dec
6.30
7.06
Jan
6.51
6.92
Feb
6.72
6.50
4.55
M ar
A
M
J
J
A
S
O
N
D
J
F
M
6.93
5.83
* Does not include points
Georgia Department of Labor
Metro Atlanta Economic Indicators / May 2001 15
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