Metro Atlanta economic indicators, monthly report, Vol. 4, no. 4 (June 2001)

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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