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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