AT L A N TA
METROPOLITAN
Economic
Indicators
A Monthly Report of Atlanta Labor Market and Economic Trends
June 2001
Volume 4, Issue 4
Georgia Department of Labor
Michael L. Thurmond Commissioner
Metro Rockdale
P ic k en 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 4, Issue 4 June 2001
April 2001 Data
Cover art: Savannah, Georgia, 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 Andrew Young 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 / June 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 / June 2001
Georgia Department of Labor
Consumer Price Index for Atlanta
YEAR JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Rate
1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001
61.7 66.9 76.4 87.2 92.8 97.9 102.6 107.0 111.7
159.5 161.9 167.4 175.3
62.5 68.5 78.0 88.2 92.9 98.7 103.2 107.6 111.1
160.8 164.0 169.8 176.6
63.6 70.5 80.3 89.3 96.5 100.2 104.1 108.8 112.2 115.5 119.1 124.9 130.8 135.5 138.6 142.2 146.7 150.3 154.7 158.3 162.0 164.8 170.9
64.7 71.9 81.7 91.6 98.0 100.8 104.8 109.9 112.4
161.9 165.9 172.1
65.9 73.2 83.0 93.3 98.8 100.9 105.4 110.4 112.7
162.0 166.5 171.9
65.9 74.0 85.7 93.6 98.2 101.9 105.5 111.2 113.5 117.5 121.7 127.3 132.6 136.2 138.5 144.7 146.7 151.5 157.2 159.5 161.6 167.0 171.9
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% 3.3% 2.9%
Source: U.S. Bureau of Labor Statistics
Atlanta's CPI increases 0.7 percent
The Consumer Price Index for All Urban Consumers (CPI-U) for the Atlanta metropolitan area, increased 0.7 percent over the two months ended in April, not seasonally adjusted, to a level of 176.6 (1982-84=100), according to data released by the U.S. Department of Labor's Bureau of Labor Statistics. For the 12-month period ending in April, the CPI-U for Atlanta increased 3.9 percent.
Over the two months, the all items index reflected higher costs for food and beverages, housing, and recreation as six of the eight major categories recorded increases of 0.3 percent or greater. Among the special indexes compiled, energy costs declined 2.8 percent as lower costs for utility natural gas service more than offset higher
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%
gasoline costs. Food costs rose 2.6 percent over the two months, as prices increased for food at home. Excluding food and energy, the CPI-U for Atlanta
has moved up 0.8 percent since February 2001.
Among the major index groups, the food and beverages index rose 2.5 percent over two months after recording a 2.3 percent increase in the JanuaryFebruary pricing period. Housing costs advanced 0.3 percent after recording a 2.7 percent rise in the January-February pricing period.
Other indexes reported include the medical care index that advanced 0.7 percent in the March-April pricing period after rising 2.0 percent in JanuaryFebruary. Over the past six months, the medical care index has consistently outpaced increases in the all items index. Consumers' costs for medical care in the Atlanta area now stand 6.1 percent higher then they were in April 2000.
Metro Atlanta Economic Indicators / June 2001
3
Top 25 Markets
Metro Area Hotel Occupancy
April 2001 compared to April 2000
ANAHEIM-SANTA ANA, CA ATLANTA, GA BOSTON, MA CHICAGO, IL
DALLAS, TX DENVER, CO DETROIT, MI
HOUSTON, TX LOS ANGELES-LONG BEACH,CA
MIAMI-HIALEAH, FL
MINNEAPOLIS-ST. PAUL, MN-W NASHVILLE, TN
NEW ORLEANS, LA NEW YORK, NY
NORFOLK-VIRGINIA BEACH, VA OAHU ISLAND, HI ORLANDO, FL
PHILADELPHIA, PA-NJ
PHOENIX, AZ SAN DIEGO, CA SAN FRANCISCO/SAN MATEO, CA
SEATTLE, WA ST. LOUIS, MO-IL TAMPA-ST. PETERSBURG, FL
WASHINGTON, DC-MD-VA
-20
-15
-10
-5
0
5
10
Occupancy Percentage Change
Source: Smith Travel Research
Cutbacks in corporate travel hit hotel industry
Metropolitan Atlanta's total hotel occupancy decreased to 63.1 percent for the month of April, down 4.8 percent from the same time period a year ago, according to Smith Travel Research, a national leader in tracking and performance analysis of the hotel industry.
Figures show that the metropolitan area's average room rate for April 2001 was $78.65, down 0.9 percent from the previous year's rate of $79.33. Year to date metro Atlanta's hotel occupancy was 65.1 percent, down 0.9 percent from the 2000 occupancy that was 65.7 percent. The year to date average room rate
remained unchanged at $82.93 from the previous year.
Other metropolitan cities experiencing decreases in occupancy includes Chicago, Detroit, Dallas, New Orleans, New York and San Francisco. All of these cities posted double digit drops in occupancy for the month of April when compared to April 2000 levels.
Across the nation luxury hotels were the hardest hit sector where occupancy decreased 6.3 percent, upscale and mid-price hotels slipped 3.3 and 3.7 percent respectively, the economy sector dropped 2.7 percent and budget hotels occupancy remained unchanged.
Overall, the total hotel occu-
pancy for the United States in April decreased 3.7 percent to 62.5 percent occupancy from April's 2000 rate of 64.9 percent; however, the average room rate for the nation was up in April 2001 a modest 1.2 percent compared to last year.
Hotels are now offering discounted prices and special deals across the nation to encourage business travel. Pricecutting is among the first signs that the cyclical economic slowdown is starting to moderate inflation. As the economy slows down and business margins shrink corporate America will look for various ways to cut costs and business travel is usually at the top of the list.
4 Metro Atlanta Economic Indicators / June 2001
Georgia Department of Labor
Data Summary
April 2001
Metro Atlanta Economic Indicators
Apr 2001 Mar 2001
Apr 2000
Percent Change Mar 2001
to Apr 2001
Percent Change Apr 2000
to Apr 2001
Nonagricultural Employment
2,226,939
Wholesale Employment
181,011
Retail Employment
409,196
Services Employment
687,617
Manufacturing Employment
218,848
Government Employment
272,960
Construction Employment
119,176
Transp. & Pub. Utilities Employment
197,014
Finance, Insurance & Realty Employment
140,747
Business Services Employment
225,404
Health Services Employment
128,779
Social Services Employment
30,674
Manufacturing Workweek
38.3
Manufacturing Earnings
$542.01
Deflated Manufacturing Earnings
$306.39
Initial Unemployment Claims
11,221
Continued Unemployment Claims
112,110
Total Unemployment Rate (not seasonally adjusted) 2.9%
Insured Unemployment Rate
1.03%
MARTA Passengers
6,284,000
Cobb County Transit Passengers
149,578
Residential Construction (household units)
5,355
Nonresidential Construction (value)
$457,811,000
Deflated Nonresidential Construction
$258,796
Hotel Occupancy
62.1%
Average Hotel Room Rates
$78.26
Deflated Average Hotel Room Rate
$44.24
Average 30-Year Fixed Mortgage Rate
7.11%
Average 15-Year Fixed Mortgage Rate
6.62%
Average One-Year Adjustable Mortgage Rate
5.83%
Georgia Department of Labor
2,224,161 181,774 405,595 688,743 219,237 270,687 119,714 198,164 139,794 227,689 129,375 30,683 38.9 $553.29 $314.01 10,071 76,174 3.1% 0.92%
6,433,000 176,786 5,197
$309,722,000 $175,779 67.3% $81.08 $46.02 7.02% 6.59% 6.00%
2,225,701 180,397 405,684 691,810 227,877 273,182 117,784 189,478 138,216 232,213 128,299 31,566 41.4 $571.94 $333.88 5,755 54,121 2.8% 0.63%
6,263,000 174,709 6,037
$559,751,000 $326,766 63.0% $81.68 $47.68 8.12% 7.78% 6.82%
0.12 -0.42 0.89 -0.16 -0.18 0.84 -0.45 -0.58 0.68 -1.00 -0.46 -0.03 -1.69 -2.04 -2.43 11.42 47.18
-2.32 -15.39 3.05 47.81 47.23 -3.48 -3.86 -
0.06 0.34 0.87 -0.61 -3.96 -0.08 1.18 3.98 1.83 -2.93 0.37 -2.82 -7.54 -5.23 -8.23 94.99 107.15
0.34 -14.38 -11.28 -18.21 -20.80 -4.18 -7.21 -
Metro Atlanta Economic Indicators / June 2001
5
Nonagricultural Employment
2.28 1999-2000 2000-2001
MILLIONS
2.24
Monthly Data
Seasonally Adjusted
Month 1999-2000 2000-2001 2.20
M ay
2,137,951
2,232,807
Jun
2,150,281
2,230,639
Jul
2,151,429
2,233,998
2.17
Aug
2,167,302
2,234,753
Sep
2,173,998
2,238,297
Oct
2,186,043
2,233,037
Nov
2,194,680
2,236,617
2.13
Dec
2,203,878
2,219,937
Jan
2,200,437
2,229,649
Feb
2,200,939
2,223,747
M ar
2,216,776
2,224,161
2.09
Apr
M
J
J
A
S
O
N
D
J
F
M
A
2,225,701
2,226,939
Wholesale Employment
186.0
1999-2000 2000-2001
THOUSANDS
183.4
Monthly Data
Seasonally Adjusted
180.8
Month 1999-2000 2000-2001
M ay
Jun
Jul
178.2
Aug
Sep
Oct
Nov
175.6
Dec
Jan
Feb
M ar
173.0
Apr
M
J
J
A
S
O
N
D
J
F
M
A
176,250 176,584 178,617 178,787 179,191 179,214 179,654 179,714 178,184 177,754 179,330 180,397
179,769 181,338 182,395 181,863 182,523 181,659 181,786 179,803 180,060 180,530 181,774 181,011
Retail Employment
423.4
1999-2000 2000-2001
412.5
Monthly Data
Seasonally Adjusted
THOUSANDS
401.5
Month 1999-2000 2000-2001
M ay
Jun
Jul
390.6
Aug
Sep
Oct
Nov
379.6
Dec
Jan
Feb
M ar
368.7
Apr
M
J
J
A
S
O
N
D
J
F
M
A
382,453 385,092 385,867 390,545 391,668 396,170 398,979 403,523 401,229 400,462 402,622 405,684
405,681 405,183 406,253 404,744 404,268 409,569 409,818 404,998 406,387 403,654 405,595 409,196
6 Metro Atlanta Economic Indicators / June 2001
Georgia Department of Labor
Services Employment
717.6
1999-2000
2000-2001
701.2
Monthly Data
Seasonally Adjusted
THOUSANDS
684.8
Month 1999-2000 2000-2001
M ay
656,756
692,010
Jun
663,815
693,954
Jul
666,162
697,836
668.3
Aug
672,289
695,778
Sep
672,113
697,125
Oct
677,599
693,771
Nov
680,535
696,501
651.9
Dec
682,951
684,848
Jan
680,551
696,587
Feb
683,117
690,355
M ar
687,996
688,743
635.5
Apr
M
J
J
A
S
O
N
D
J
F
M
A
691,810
687,617
Manufacturing Employment
233.6
1999-2000 2000-2001
THOUSANDS
229.4
Monthly Data
Seasonally Adjusted
225.2
Month 1999-2000 2000-2001
M ay
Jun
Jul
221.1
Aug
Sep
Oct
Nov
216.9
Dec
Jan
Feb
M ar
212.7
Apr
M
J
J
A
S
O
N
D
J
F
M
A
227,272 227,541 225,198 226,618 226,639 226,671 227,022 227,286 228,677 227,639 227,524 227,877
228,188 228,454 227,595 227,851 228,480 227,835 227,068 221,188 217,659 219,125 219,237 218,848
Government Employment
287.6
1999-2000 2000-2001
THOUSANDS
279.5
Monthly Data
Seasonally Adjusted
271.4
Month 1999-2000 2000-2001
M ay
259,717
278,381
Jun
258,007
269,692
Jul
257,232
266,203
263.3
Aug
256,410
267,347
Sep
262,657
269,844
Oct
264,366
267,798
Nov
265,907
267,456
255.2
Dec
267,400
269,478
Jan
267,664
268,056
Feb
270,135
270,653
M ar
272,277
270,687
247.2
Apr
M
J
J
A
S
O
N
D
J
F
M
A
273,182
272,960
Georgia Department of Labor
Metro Atlanta Economic Indicators / June 2001
7
Construction Employment
127.5
1999-2000
2000-2001
THOUSANDS
123.8
Monthly Data
Seasonally Adjusted
120.0
116.3
112.6
108.9
M
J
J
A
S
O
N
D
J
Transportation and Public Utilities Employment
204.0
1999-2000
2000-2001
F
M
Month
M ay Jun Jul Aug Sep Oct Nov Dec Jan Feb M ar Apr
A
1999-2000
113,744 114,672 115,645 115,759 116,175 117,068 117,234 117,038 117,072 116,379 118,316 117,784
2000-2001
119,217 118,533 120,528 121,573 120,222 117,914 117,634 119,007 122,963 121,916 119,714 119,176
THOUSANDS
198.5
Monthly Data
Seasonally Adjusted
193.0
Month 1999-2000 2000-2001
M ay
Jun
Jul
187.5
Aug
Sep
Oct
Nov
182.0
Dec
Jan
Feb
M ar
176.6
Apr
M
J
J
A
S
O
N
D
J
F
M
A
183,241 183,231 182,910 185,639 185,837 186,377 186,314 186,474 187,376 187,596 189,925 189,478
190,301 191,490 191,315 192,890 194,047 193,862 194,788 195,665 196,061 197,930 198,164 197,014
Finance, Insurance and Realty Employment
145.3
1999-2000
2000-2001
143.1
Monthly Data
Seasonally Adjusted
THOUSANDS
140.9
Month 1999-2000
2000-2001
M ay Jun
137,206 138,183
137,937 138,327
138.6
Jul
137,477
139,688
Aug
137,134
139,339
Sep
137,311
138,854
Oct
136,942
138,068
136.4
Nov
137,176
138,404
Dec
136,731
142,389
Jan
138,550
141,110
Feb
137,790
140,125
M ar
137,965
139,794
134.1
Apr
M
J
J
A
S
O
N
D
J
F
M
A
138,216
140,747
8 Metro Atlanta Economic Indicators / June 2001
Georgia Department of Labor
Business Services Employment
244.4
1999-2000
2000-2001
239.0
Monthly Data
Seasonally Adjusted
THOUSANDS
233.6
Month 1999-2000 2000-2001
M ay
223,814
231,037
Jun
226,282
228,959
Jul
226,390
230,836
228.3
Aug
230,443
230,984
Sep
230,028
231,978
Oct
232,518
227,307
Nov
235,059
225,463
222.9
Dec
233,703
232,054
Jan
229,700
237,880
Feb
229,699
230,679
M ar
230,665
227,689
217.5
Apr
M
J
J
A
S
O
N
D
J
F
M
A
232,213
225,404
Health Services Employment
136.4
1999-2000
2000-2001
THOUSANDS
133.0
Monthly Data
Seasonally Adjusted
Month 1999-2000 2000-2001
129.5
M ay
123,067
128,804
Jun
123,602
128,825
Jul
124,092
129,645
126.0
Aug
124,787
129,956
Sep
124,929
131,074
Oct
126,178
130,884
Nov
125,728
132,362
122.5
Dec
126,497
127,609
Jan
127,085
129,051
Feb
127,577
129,412
M ar
127,743
129,375
119.0
Apr
M
J
J
A
S
O
N
D
J
F
M
A
128,299
128,779
Social Services Employment
33.8 1999-2000 2000-2001
THOUSANDS
32.6
Monthly Data
Seasonally Adjusted
Month 1999-2000 2000-2001 31.3
M ay
29,004
32,061
Jun
29,079
32,260
Jul
29,037
32,231
30.0
Aug
29,288
32,253
Sep
29,694
32,100
Oct
30,606
32,261
Nov
30,627
32,203
28.7
Dec
30,826
30,448
Jan
30,414
30,436
Feb
31,067
30,986
M ar
31,273
30,683
27.4
Apr
M
J
J
A
S
O
N
D
J
F
M
A
31,566
30,674
Georgia Department of Labor
Metro Atlanta Economic Indicators / June 2001
9
Manufacturing Workweek
42.5
1999-2000
2000-2001
HOURS
41.6
Monthly Data
Seasonally Adjusted
40.7
Month 1999-2000 2000-2001
M ay
39.8
Jun
Jul
Aug
Sep
38.9
Oct
Nov
Dec
38.0
Jan
Feb
M ar
37.1
Apr
M
J
J
A
S
O
N
D
J
F
M
A
41.1
40.0
41.0
40.1
41.2
39.6
40.7
39.9
40.9
38.7
40.1
39.8
40.6
39.0
40.3
38.7
40.5
39.2
40.2
39.0
40.5
38.9
41.4
38.3
Manufacturing Earnings
$590
1999-2000
2000-2001
DOLLARS
$575
Monthly Data
Seasonally Adjusted
$560
Month 1999-2000
2000-2001
M ay
$544.89
$543.21
Jun
546.98
548.05
Jul
546.64
541.56
$545
Aug
540.36
551.20
Sep
556.24
539.19
Oct
534.23
559.95
Nov
550.92
553.62
$530
Dec
554.69
553.32
Jan
551.00
552.94
Feb
544.27
555.30
M ar
553.14
553.29
$515
Apr
571.94
542.01
M
J
J
A
S
O
N
D
J
F
M
A
Deflated Manufacturing Earnings
$345
1999-2000 2000-2001
DOLLARS
$335
Monthly Data
Seasonally Adjusted
$325
Month 1999-2000 2000-2001
M ay
$327.85
$316.74
Jun
329.11
317.16
Jul
327.92
313.40
$316
Aug
323.38
319.35
Sep
331.29
310.41
Oct
317.61
321.81
Nov
327.34
317.99
$306
Dec
329.59
318.00
Jan
326.42
315.79
Feb
320.54
315.87
M ar
323.09
314.01
$296
Apr
M
J
J
A
S
O
N
D
J
F
M
A
333.88
306.39
10 Metro Atlanta Economic Indicators / June 2001
Georgia Department of Labor
Initial Unemployment Claims
14.4 1999-2000 2000-2001
THOUSANDS
12.1
Monthly Data
Seasonally Adjusted
Month 1999-2000 2000-2001
9.9
M ay
5,703
6,848
Jun
5,951
7,454
Jul
6,879
6,851
7.7
Aug
6,383
8,054
Sep
6,245
7,050
Oct
6,372
7,531
Nov
6,283
7,694
5.4
Dec
6,349
8,018
Jan
7,041
11,771
Feb
7,361
10,389
M ar
6,019
10,071
3.2
Apr
M
J
J
A
S
O
N
D
J
F
M
A
5,755
11,221
Continued Unemployment Claims
136.7
1999-2000 2000-2001
THOUSANDS
113.3
Monthly Data
Seasonally Adjusted
Month 1999-2000 2000-2001 90.0
M ay
48,430
64,530
Jun
56,237
51,960
Jul
46,519
60,800
66.6
Aug
63,232
60,917
Sep
51,275
59,395
Oct
51,991
71,422
Nov
62,161
60,067
43.3
Dec
52,107
63,229
Jan
64,099
84,799
Feb
55,856
79,998
M ar
51,222
76,174
19.9
Apr
M
J
J
A
S
O
N
D
J
F
M
A
54,121
112,110
Total Unemployment Rate
4.1 1999-2000 2000-2001
PERCENTAGES
3.7
Monthly Data
Not Seasonally Adjusted
Month 1999-2000 2000-2001
3.2
May
2.8 %
2.8 %
Jun
2.9
3.0
Jul
3.5
3.6
2.8
Aug
3.4
3.3
Sep
3.2
3.1
Oct
3.2
3.1
Nov
3.2
2.9
2.3
Dec
2.9
2.5
Jan
3.0
2.4
Feb
2.8
2.7
Mar
3.1
3.1
1.9
Apr
M
J
J
A
S
O
N
D
J
F
M
A
2.8
2.9
Georgia Department of Labor
Metro Atlanta Economic Indicators / June 2001 11
iInsured Unemployment Rate
1.23
1999-2000 2000-2001
1.07
Monthly Data
Seasonally Adjusted
PERCENTAGES
Month 1999-2000 2000-2001 0.91
M ay
0.61 %
0.64 %
Jun
0.61
0.65
Jul
0.63
0.66
0.75
Aug
0.64
0.69
Sep
0.63
0.69
Oct
0.64
0.67
Nov
0.63
0.69
0.59
Dec
0.64
0.77
Jan
0.70
0.83
Feb
0.64
0.86
M ar
0.63
0.92
0.43
Apr
M
J
J
A
S
O
N
D
J
F
M
A
0.63
1.03
MMARTA Passengers
7.5 1999-2000 2000-2001
MILLIONS
7.1
Monthly Data
Seasonally Adjusted
Month 1999-2000 2000-2001 6.7
M ay
6,189,000
6,671,000
Jun
6,194,000
7,068,000
Jul
6,125,000
5,995,000
6.3
Aug
6,270,000
6,648,000
Sep
6,414,000
6,490,000
Oct
6,419,000
6,503,000
Nov
6,671,000
6,459,000
5.9
Dec
6,542,000
6,194,000
Jan
6,476,000
6,799,000
Feb
6,589,000
6,221,000
M ar
6,703,000
6,433,000
5.5
Apr
M
J
J
A
S
O
N
D
J
F
M
A
6,263,000
6,284,000
Cobb Community Transit Passengers
249.6
1999-2000
2000-2001
205.5
Monthly Data
Seasonally Adjusted
THOUSANDS
161.4
Month 1999-2000 2000-2001
M ay
109,473
196,736
Jun
122,062
126,596
Jul
118,552
126,250
117.2
Aug
141,427
137,760
Sep
135,838
132,960
Oct
126,490
135,407
Nov
120,472
135,877
73.1
Dec
140,513
124,577
Jan
89,020
137,730
Feb
136,507
129,505
M ar
140,823
176,786
29.0
Apr
M
J
J
A
S
O
N
D
J
F
M
A
174,709
149,578
12 Metro Atlanta Economic Indicators / June 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
M ay
3,917
5,789
Jun
5,920
5,453
Jul
4,991
5,416
4.7
Aug
4,812
5,074
Sep
4,391
4,936
Oct
4,243
4,169
Nov
6,242
5,153
3.8
Dec
4,618
4,569
Jan
5,639
6,236
Feb
5,305
6,386
M ar
5,801
5,197
2.9
Apr
M
J
J
A
S
O
N
D
J
F
M
A
6,037
5,355
Nonresidential Construction
$710
1999-2000 2000-2001
MILLIONS
$587
Monthly Data
Seasonally Adjusted
$464
Month 1999-2000 2000-2001
M ay
$344,342,000 $368,432,000
Jun
357,596,000
546,766,000
Jul
370,283,000
277,576,000
$341
Aug
405,393,000
270,611,000
Sep
282,640,000
411,800,000
Oct
262,985,000
359,115,000
Nov
272,326,000
253,203,000
$218
Dec
448,218,000
313,388,000
Jan
306,194,000
348,961,000
Feb
249,729,000
329,048,000
M ar
341,706,000
309,722,000
$96
Apr
M
J
J
A
S
O
N
D
J
F
M
A
559,751,000
457,811,000
Deflated Nonresidential Construction
$410
1999-2000 2000-2001
$341
Monthly Data
Seasonally Adjusted
MILLIONS
$271
Month 1999-2000 2000-2001
M ay
$207,185,000 $214,829,000
Jun
215,160,000
316,416,000
Jul
222,125,000
160,634,000
$202
Aug
242,605,000
156,785,000
Sep
168,338,000
237,075,000
Oct
156,353,000
206,388,000
Nov
161,810,000
145,435,000
$132
Dec
266,321,000
180,108,000
Jan
181,395,000
199,292,000
Feb
147,072,000
187,172,000
M ar
199,595,000
175,779,000
$63
Apr
M
J
J
A
S
O
N
D
J
F
M
A
326,766,000
258,796,000
Georgia Department of Labor
Metro Atlanta Economic Indicators / June 2001
13
Hotel Occupancy
71.4 1999-2000
2000-2001
68.5
Monthly Data
Seasonally Adjusted
PERCENTAGES
Month 1999-2000 2000-2001
65.5
M ay
67.53 %
64.49 %
Jun
66.03
67.51
Jul
67.14
68.05
62.6
Aug
64.31
67.15
Sep
67.10
67.87
Oct
67.27
64.71
Nov
65.84
65.64
59.7
Dec
60.08
61.87
Jan
66.59
65.81
Feb
65.04
64.80
M ar
64.95
67.35
56.7
Apr
M
J
J
A
S
O
N
D
J
F
M
A
63.05
62.14
Average Hotel Room Rates
$97 1999-2000 2000-2001
DOLLARS
$91
Monthly Data
Seasonally Adjusted
Month 1999-2000 2000-2001 $85
M ay
Jun
Jul
$80
Aug
Sep
Oct
Nov
$74
Dec
Jan
Feb
M ar
$68
Apr
M
J
J
A
S
O
N
D
J
F
M
A
$79.24 77.42 74.87 78.25 78.97 80.49 81.39 76.65 90.00 78.99 79.76 81.68
$77.80 79.44 78.54 79.40 81.58 79.20 79.02 76.69 83.74 81.77 81.08 78.26
Deflated Average Hotel Room Rates
$58 1999-2000 2000-2001
$54
Monthly Data
Seasonally Adjusted
DOLLARS
Month 1999-2000 2000-2001 $50
M ay Jun
$47.67 46.58
$45.37 45.97
Jul
44.91
45.45
$47
Aug
46.83
46.00
Sep
47.03
46.96
Oct
47.85
45.52
Nov
48.36
45.39
$43
Dec
45.54
44.07
Jan
53.32
47.82
Feb
M ar
$40
Apr
M
J
J
A
S
O
N
D
J
F
M
A
46.52 46.59 47.68
46.51 46.02 44.24
14 Metro Atlanta Economic Indicators / June 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
M
J
J
A
S
O
N
Average 15-Year Fixed Mortgage Rate*
9.10 1999-2000 2000-2001
Monthly Data
Not Seasonally Adjusted
Month
M ay Jun Jul Aug Sep Oct Nov Dec Jan Feb M ar Apr
D
J
F
M
A
* Does not include points
1999-2000
7.00 % 6.89 7.09 7.56 7.68 8.03 7.90 7.86 8.19 8.37 8.28 8.12
2000-2001
8.55 % 8.26 8.16 8.04 7.95 7.81 7.79 7.45 7.17 7.13 7.02 7.11
8.40
PERCENTAGES
7.70
7.01
6.31
5.61
M
J
J
A
S
O
N
D
J
F
M
A
* 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
M ay
6.58 %
8.27 %
Jun
6.47
8.01
Jul
6.69
7.87
Aug
7.17
7.78
Sep
7.23
7.63
Oct
7.55
7.48
Nov
7.48
7.45
Dec
7.45
7.09
Jan
7.78
6.74
Feb
7.96
6.73
M ar
7.87
6.59
Apr
7.78
6.62
7.50
Monthly Data
Not Seasonally Adjusted
PERCENTAGES
Month
1999-2000 2000-2001
6.76
M ay
5.44 %
7.09 %
Jun
5.52
7.22
Jul
5.59
7.26
6.03
Aug
5.87
7.35
Sep
5.98
7.34
Oct
5.73
7.14
Nov
6.30
7.06
5.29
Dec
6.36
6.92
Jan
6.72
6.50
Feb
6.93
6.22
M ar
6.90
6.00
4.55
Apr
M
J
J
A
S
O
N
D
J
F
M
A
6.82
5.83
* Does not include points
Georgia Department of Labor
Metro Atlanta Economic Indicators / June 2001
15
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