AT L A N TA
METROPOLITAN
Economic
Indicators
A Monthly Report of Atlanta Labor Market and Economic Trends
September 2001
Volume 4, Issue 7
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 7 September 2001
July 2001 Data
Cover art: Gilbert Lambuth Chapel at Paine College, Augusta, Georgia by 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 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 / September 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 / September 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 98.8 103.1 106.4 107.9 111.5 115.4 120.8 126.1 132.1 135.9 140.2 143.8 148.4 153.2 156.7 158.5 161.5 166.6 171.4
May
111.8 115.6 121.3 126.5 132.5 136.2 140.7 144.3 148.8 153.5 156.6 158.8 161.6 166.6 171.7
Jun 64.9 72.2 82.2 90.4 97.0 99.6 103.6 107.1 108.7 112.2 116.1 121.7 127.3 132.8 136.7 140.8 144.7 149.1 154.0 157.0 159.1 161.7 167.4 172.2
Jul
112.6 116.6 122.0 127.8 133.0 136.8 140.9 145.0 149.2 154.0 157.0 159.3 162.2 167.9 171.6
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 for the South decreased 0.3 percent in July
The Consumer Price Index (CPI-U) for All Urban Consumers for the South decreased 0.3 percent in July, not seasonally adjusted, to a level of 171.6 (1982-84=100), according to data released by the U.S. Department of Labor's Bureau of Labor Statistics.
The index fell for the first time this year primarily due to lower costs for transportation. Energy prices decreased 5.1 percent in July, as the costs for motor fuels declined. Excluding food and energy, the CPI-U, South rose 0.1 percent over the month.
Over the past 12 months, the CPI-U, South has increased 2.1 percent. Over half of the increase over the past year was due to higher housing costs. After increasing 1.2 percent in June, the housing index rose 0.1 percent in July. Costs for shelter rose 0.1 percent over the month, while costs of household
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%
fuels and utilities rose 0.3 percent. Among fuels, a decline of 5.4 percent in costs for utility natural gas partially offset a 1.7 percent increase in costs for electricity.
The index for apparel decreased 3.2 percent over the month. Since 1990, the
apparel index has recorded a series of monthly declines each year beginning in May and extending through the July pricing period. So far this year, the index has decreased 4.0 percent compared to a 3.6 percent decrease for the same period a year ago.
After increasing 2.2 percent over the first half of the year, the transportation index declined 2.5 percent in July. All components of the transportation index decreased, led by a decline of 11.4 percent in costs for gasoline. The decline in the index for gasoline is the largest single month decline for the index since March of 1986 and brings the transportation index to its lowest point in seventeen months.
Medical care costs rose 0.3 percent in July to a level 3.5 percent higher than a year ago. The increase was due to an increase in the index for medical care services and commodities.
Georgia Department of Labor
Metro Atlanta Economic Indicators / September 2001 3
M etropolitan A reas
R anked by N um eric P opulation C hange : 1990 to 2000
T op 10 M etro Areas
Los A ngeles - R iverside - O range C ou nty , C A N ew York - N orthern N .J. - L.I, N Y, N J, C T , P A
D allas - F t . W o rt h, T X A tlanta, G A
P hoenix - M esa, A Z H ouston - G alveston - B raz oria, T X C hicago - G ary - K enos ha, IL , IN , W I W as hingt o n - B alt im ore, D C , M D , V A , W V San F rancisco - O akland - San Jose, C A
L as V egas , N V - A Z 0
500
1 ,0 0 0
1 ,5 0 0
T housands
2 ,0 0 0
Source: U.S. Census Bureau
Atlanta, Georgia's MSA Ranks High in 2000 Census
The U.S Census Bureau published population data ranking the fastest growing metropolitan statistical areas (MSA)in the United States over the past decade. The Atlanta MSA ranked in the top ten. Everyone knew that the Atlanta MSA had experienced phenomenal growth in the last decade; however, it was not quantified by the Census Bureau until the 2000 census was completed.
The Atlanta MSA had the fourth largest increase in population of a metropolitan area in the nation; the region added 1.1 million residents to the area between 1990 and 2000. The population of the Atlanta MSA increased from 2.9 million in 1990, to 4.1 million in 2000. Over the ten year period the metropolitan area achieved a population growth rate of 38.9 percent, making it the eleventh fastest growing MSA in the nation (on a percentage basis).
The Atlanta metropolitan area consists of twenty counties that surround the city of Atlanta in a circular (shaped) cluster. Some of the counties in the metropolitan area experienced explosive population growth during the last decade, which had a significant impact on the region's growth.
Forsyth County, which is located on the northern side of the metropolitan area experienced a massive influx of 54,000 residents over the past decade. The population of the county went from 44,000 in 1990 to 98,000 in 2000. The residents of Forsyth County grew 123.2 percent during the ten year reporting period. The growth of Forsyth County has made it the fastest growing county in the state and second in the nation (on a percentage basis).
Henry County, which is located on the southeast portion of the Atlanta MSA also experienced phenomenal
growth. Henry gained 60,000 residents between 1990 and 2000 making it the fourth fastest growing county in the state (numerically). The population of the county increased from 59,000 in 1990 to 119,000 in 2000. The residents of Henry County increased 103.2 percent during the last decade, making it the second fastest growing county in the state and fifth in the nation (on a percentage basis). Gwinnett County, which is located on the northeast region of the Atlanta metropolitan area leads the area in population growth. Gwinnett added 235,000 residents over the 10 year period. The population of the county increased from 353,000 in 1990 to 588,000 in 2000, an increase of 66.7 percent. Gwinnett holds the state's number one spot for the county with the largest numeric population increase over the last decade.
4 Metro Atlanta Economic Indicators / September 2001
Georgia Department of Labor
Data Summary
July 2001 Data
Metro Atlanta Economic Indicators
July 2001 June 2001
July 2000
Percent Percent Change Change
June 2001 July 2000
to
to
July 2001 July 2001
Nonagricultural Employment
2,219,291
Wholesale Employment
183,186
Retail Employment
410,287
Services Employment
681,007
Manufacturing Employment
220,096
Government Employment
265,627
Construction Employment
119,511
Transp. & Pub. Utilities Employment
197,413
Finance, Insurance & Realty Employment
139,697
Business Services Employment
216,496
Health Services Employment
132,421
Social Services Employment
31,732
Manufacturing Workweek
39.2
Manufacturing Earnings
$574.87
Deflated Manufacturing Earnings
$323.87
Initial Unemployment Claims
11,858
Continued Unemployment Claims
123,380
Total Unemployment Rate (not seasonally adjusted) 3.4%
Insured Unemployment Rate
1.34%
MARTA Passengers
5,457,000
Cobb County Transit Passengers
175,748
Residential Construction (household units)
5,487
Nonresidential Construction (value)
$386,935,000
Deflated Nonresidential Construction
$217,992
Hotel Occupancy
60.8%
Average Hotel Room Rates
$75.20
Deflated Average Hotel Room Rate
$42.36
Average 30-Year Fixed Mortgage Rate
7.18%
Average 15-Year Fixed Mortgage Rate
6.73%
Average One-Year Adjustable Mortgage Rate
5.67%
Georgia Department of Labor
2,232,903 185,309 411,087 684,696 218,476 272,274 118,534 198,223 140,649 218,957 130,191 30,764 40.2 $583.48 $327.80 10,804 100,899 3.5% 1.24%
6,539,000 179,771 6,482
$290,681,000 $163,304 65.0% $82.01 $46.07 7.22% 6.77% 5.71%
2,203,998 178,901 396,628 685,642 222,468 260,779 122,405 191,813 142,776 236,804 126,357 30,492 39.6 $541.56 $313.40 6,851 60,800 3.3% 0.66%
5,995,000 126,250 5,416
$277,576,000 $160,634 68.0% $78.54 $45.45 8.16% 7.87% 7.26%
-0.61 -1.15 -0.19 -0.54 0.74 -2.44 0.82 -0.41 -0.68 -1.12 1.71 3.15 -2.42 -1.47 -1.20 9.76 22.28
-16.55 -2.24 -15.35 33.11 33.49 -8.30 -8.05 -
0.69 2.40 3.44 -0.68 -1.07 1.86 -2.36 2.92 -2.16 -8.58 4.80 4.07 -1.00 6.15 3.34 73.08 102.93
-8.97 39.21 1.32 39.40 35.71 -4.26 -6.79 -
Metro Atlanta Economic Indicators / September 2001 5
Nonagricultural Employment
2.27 1999-2000 2000-2001
MILLIONS
2.24
Monthly Data
Seasonally Adjusted
Month 1999-2000 2000-2001 2.21
Aug
2,150,307
2,207,756
Sep
2,161,010
2,210,318
Oct
2,165,110
2,214,096
2.17
Nov
2,169,831
2,217,730
Dec
2,181,076
2,219,937
Jan
2,177,178
2,229,649
Feb
2,180,802
2,223,747
2.14
M ar
2,189,717
2,224,161
Apr
2,187,603
2,232,955
M ay
2,196,843
2,233,780
Jun
2,203,692
2,232,903
2.11
Jul
A
S
O
N
D
J
F
M
A
M
J
J
2,203,998
2,219,291
Wholesale Employment
191.0
1999-2000 2000-2001
THOUSANDS
186.6
Monthly Data
Seasonally Adjusted
182.3
Month 1999-2000 2000-2001
Aug
Sep
Oct
178.0
Nov
Dec
Jan
Feb
173.6
M ar
Apr
M ay
Jun
169.3
Jul
A
S
O
N
D
J
F
M
A
M
J
J
174,799 174,397 174,325 173,981 174,925 175,967 176,547 177,023 177,091 177,469 177,948 178,901
178,573 179,126 178,964 178,999 179,803 180,060 180,530 181,774 185,920 184,781 185,309 183,186
Retail Employment
423.4
1999-2000 2000-2001
413.5
Monthly Data
Seasonally Adjusted
THOUSANDS
403.6
Month 1999-2000 2000-2001
Aug
Sep
Oct
393.8
Nov
Dec
Jan
Feb
383.9
M ar
Apr
M ay
Jun
374.0
Jul
A
S
O
N
D
J
F
M
A
M
J
J
385,740 386,061 389,581 392,593 396,156 388,590 390,012 392,847 393,161 394,837 395,986 396,628
395,827 394,649 399,385 402,555 404,998 406,387 403,654 405,595 407,984 411,778 411,087 410,287
6 Metro Atlanta Economic Indicators / September 2001
Georgia Department of Labor
Services Employment
717.6
1999-2000
2000-2001
701.8
Monthly Data
Seasonally Adjusted
THOUSANDS
686.1
Month 1999-2000 2000-2001
Aug
658,211
683,187
Sep
662,947
685,468
Oct
665,046
686,496
670.4
Nov
667,258
688,714
Dec
670,863
684,848
Jan
680,244
696,587
Feb
680,489
690,355
654.7
M ar
681,174
688,743
Apr
678,175
690,425
M ay
679,445
688,247
Jun
685,415
684,696
639.0
Jul
A
S
O
N
D
J
F
M
A
M
J
J
685,642
681,007
Manufacturing Employment
232.7
1999-2000 2000-2001
THOUSANDS
228.7
Monthly Data
Seasonally Adjusted
224.7
Month 1999-2000 2000-2001
Aug
Sep
Oct
220.7
Nov
Dec
Jan
Feb
216.7
M ar
Apr
M ay
Jun
212.7
Jul
A
S
O
N
D
J
F
M
A
M
J
J
226,817 227,338 226,472 226,624 227,585 223,665 223,032 223,415 222,160 221,476 221,564 222,468
223,859 223,287 222,052 221,192 221,188 217,659 219,125 219,237 219,049 219,279 218,476 220,096
Government Employment
281.6
1999-2000
2000-2001
THOUSANDS
275.3
Monthly Data
Seasonally Adjusted
269.0
Month 1999-2000 2000-2001
Aug
257,531
262,447
Sep
264,267
267,327
Oct
262,179
268,992
262.8
Nov
261,642
268,548
Dec
262,353
269,478
Jan
261,483
268,056
Feb
263,084
270,653
256.5
M ar
263,951
270,687
Apr
265,024
272,463
M ay
270,120
273,977
Jun
265,272
272,274
250.3
Jul
A
S
O
N
D
J
F
M
A
M
J
J
260,779
265,627
Georgia Department of Labor
Metro Atlanta Economic Indicators / September 2001 7
Construction Employment
126.5
1999-2000
2000-2001
THOUSANDS
123.8
Monthly Data
Seasonally Adjusted
Month 1999-2000 2000-2001
121.0
Aug
115,957
123,257
Sep
116,373
121,707
Oct
115,689
119,390
118.2
Nov
116,242
119,024
Dec
115,945
119,007
Jan
116,353
122,963
Feb
117,198
121,916
115.4
M ar
119,330
119,714
Apr
118,994
118,571
M ay
119,517
118,355
Jun
120,611
118,534
112.6
Jul
A
S
O
N
D
J
F
M
A
M
J
J
122,405
119,511
Transportation and Public Utilities Employment
202.5
1999-2000
2000-2001
THOUSANDS
198.9
Monthly Data
Seasonally Adjusted
195.3
Month 1999-2000 2000-2001
Aug
Sep
Oct
191.7
Nov
Dec
Jan
Feb
188.1
M ar
Apr
M ay
Jun
184.6
Jul
A
S
O
N
D
J
F
M
A
M
J
J
189,145 189,029 190,166 190,997 191,944 191,495 191,823 192,932 190,479 191,002 191,590 191,813
193,792 194,246 194,161 194,987 195,665 196,061 197,930 198,164 197,014 197,337 198,223 197,413
Finance, Insurance and Realty Employment
145.3
1999-2000
2000-2001
143.3
Monthly Data
Seasonally Adjusted
THOUSANDS
141.2
Month 1999-2000
2000-2001
Aug
138,130
142,828
Sep
137,910
142,353
139.1
Oct
138,142
141,470
Nov
138,577
141,406
Dec
138,523
142,389
Jan
138,348
141,110
137.1
Feb
138,191
140,125
M ar
138,065
139,794
Apr
141,521
140,346
M ay Jun
141,935 142,025
140,052 140,649
135.0
Jul
A
S
O
N
D
J
F
M
A
M
J
J
142,776
139,697
8 Metro Atlanta Economic Indicators / September 2001
Georgia Department of Labor
Business Services Employment
247.4
1999-2000
2000-2001
239.4
Monthly Data
Seasonally Adjusted
THOUSANDS
231.5
Month Aug
1999-2000
223,226
2000-2001
236,422
Sep
225,776
236,526
Oct
227,358
236,141
223.5
Nov
229,291
234,311
Dec
229,053
232,054
Jan
237,852
237,880
Feb
236,712
230,679
215.5
M ar
235,287
227,689
Apr
230,304
226,107
M ay
234,044
222,922
Jun
235,722
218,957
207.6
Jul
A
S
O
N
D
J
F
M
A
M
J
J
236,804
216,496
Health Services Employment
135.7
1999-2000
2000-2001
THOUSANDS
132.7
Monthly Data
Seasonally Adjusted
Month 1999-2000 2000-2001
129.7
Aug
124,488
126,468
Sep
124,929
127,386
Oct
124,484
126,997
126.7
Nov
125,130
128,272
Dec
125,796
127,609
Jan
125,467
129,051
Feb
125,263
129,412
123.6
M ar
125,433
129,375
Apr
125,595
129,080
M ay
125,013
128,878
Jun
125,540
130,191
120.6
Jul
A
S
O
N
D
J
F
M
A
M
J
J
126,357
132,421
Social Services Employment
32.8 1999-2000 2000-2001
THOUSANDS
31.8
Monthly Data
Seasonally Adjusted
Month 1999-2000 2000-2001 30.8
Aug
29,694
30,625
Sep
29,494
30,500
Oct
30,310
30,485
29.8
Nov
30,528
30,524
Dec
30,727
30,448
Jan
31,018
30,436
Feb
31,167
30,986
28.8
M ar
31,473
30,683
Apr
30,567
31,074
M ay
30,671
30,859
Jun
30,567
30,764
27.8
Jul
A
S
O
N
D
J
F
M
A
M
J
J
30,492
31,732
Georgia Department of Labor
Metro Atlanta Economic Indicators / September 2001 9
Manufacturing Workweek
42.5
1999-2000
2000-2001
HOURS
41.5
Monthly Data
Seasonally Adjusted
Month 1999-2000 2000-2001
40.5
Aug
40.7
39.9
Sep
40.9
38.7
Oct
40.1
39.8
39.5
Nov
40.6
39.0
Dec
40.3
38.7
Jan
40.5
39.2
Feb
40.2
39.0
38.5
M ar
40.5
38.9
Apr
41.4
38.6
M ay
40.0
39.7
Jun
37.5
Jul
A
S
O
N
D
J
F
M
A
M
J
J
40.1
40.2
39.6
39.2
Manufacturing Earnings
$603
1999-2000 2000-2001
DOLLARS
$585
Monthly Data
Seasonally Adjusted
$568
Month 1999-2000
2000-2001
Aug
$540.36
$551.20
Sep
556.24
539.19
Oct
534.23
559.95
$550
Nov
550.92
553.62
Dec
554.69
553.32
Jan
551.00
552.94
Feb
544.27
555.30
$533
M ar
553.14
553.29
Apr
571.94
548.99
M ay
543.21
569.47
Jun
548.05
583.48
$515
Jul
541.56
574.87
A
S
O
N
D
J
F
M
A
M
J
J
Deflated Manufacturing Earnings
$345
1999-2000 2000-2001
DOLLARS
$336
Monthly Data
Seasonally Adjusted
$327
Month 1999-2000 2000-2001
Aug
$323.38
$319.35
Sep
331.29
310.41
Oct
317.61
321.81
$317
Nov
327.34
317.99
Dec
329.59
318.00
Jan
326.42
315.79
Feb
320.54
315.87
$308
M ar
323.09
314.01
Apr
333.88
310.34
M ay
316.74
320.46
Jun
317.16
327.80
$299
Jul
A
S
O
N
D
J
F
M
A
M
J
J
313.40
323.87
10 Metro Atlanta Economic Indicators / September 2001
Georgia Department of Labor
Initial Unemployment Claims
15.0 1999-2000 2000-2001
THOUSANDS
12.7
Monthly Data
Seasonally Adjusted
Month 1999-2000 2000-2001
10.3
Aug
6,383
8,054
Sep
6,245
7,050
Oct
6,372
7,531
7.9
Nov
6,283
7,694
Dec
6,349
8,018
Jan
7,041
11,771
Feb
7,361
10,389
5.5
M ar
6,019
10,071
Apr
5,755
11,221
M ay
6,848
12,049
Jun
7,454
10,804
3.2
Jul
A
S
O
N
D
J
F
M
A
M
J
J
6,851
11,858
Continued Unemployment Claims
155.3
1999-2000 2000-2001
THOUSANDS
127.7
Monthly Data
Seasonally Adjusted
100.2
Month 1999-2000 2000-2001
Aug
63,232
60,917
Sep
51,275
59,395
Oct
51,991
71,422
72.6
Nov
62,161
60,067
Dec
52,107
63,229
Jan
64,099
84,799
Feb
55,856
79,998
45.1
M ar
51,222
76,174
Apr
54,121
112,110
M ay
64,530
102,500
Jun
51,960
100,899
17.5
Jul
A
S
O
N
D
J
F
M
A
M
J
J
60,800
123,380
Total Unemployment Rate
4.1 1999-2000 2000-2001
PERCENTAGES
3.7
Monthly Data
Not Seasonally Adjusted
Month 1999-2000 2000-2001
3.2
Aug
3.2 %
3.1 %
Sep
3.1
3.1
Oct
3.1
2.9
2.8
Nov
2.7
2.5
Dec
2.6
2.4
Jan
2.8
2.7
Feb
3.1
3.1
2.3
Mar
3.1
3.1
Apr
2.8
2.9
May
3.0
3.0
Jun
3.6
3.5
1.9
Jul
A
S
O
N
D
J
F
M
A
M
J
J
3.3
3.4
Georgia Department of Labor
Metro Atlanta Economic Indicators / September 2001 11
iInsured Unemployment Rate
1.66
1999-2000 2000-2001
1.40
Monthly Data
Seasonally Adjusted
PERCENTAGES
Month 1999-2000 2000-2001 1.13
Aug
0.64 %
0.69 %
Sep
0.63
0.69
Oct
0.64
0.67
0.87
Nov
0.63
0.69
Dec
0.64
0.77
Jan
0.70
0.83
Feb
0.64
0.86
0.60
M ar
0.63
0.92
Apr
0.63
1.03
M ay
0.64
1.14
Jun
0.65
1.24
0.34
Jul
A
S
O
N
D
J
F
M
A
M
J
J
0.66
1.34
MMARTA Passengers
7.8 1999-2000 2000-2001
MILLIONS
7.2
Monthly Data
Seasonally Adjusted
Month 1999-2000 2000-2001 6.6
Aug
6,270,000
6,648,000
Sep
6,414,000
6,490,000
Oct
6,419,000
6,503,000
6.0
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
5.4
M ar
6,703,000
6,433,000
Apr
6,263,000
6,284,000
M ay
6,671,000
6,578,000
Jun
7,068,000
6,539,000
4.8
Jul
A
S
O
N
D
J
F
M
A
M
J
J
5,995,000
5,457,000
Cobb Community Transit Passengers
249.6
1999-2000 2000-2001
205.5
Monthly Data
Seasonally Adjusted
THOUSANDS
161.4
Month 1999-2000 2000-2001
Aug
141,427
137,760
Sep
135,838
132,960
Oct
126,490
135,407
117.2
Nov
120,472
135,877
Dec
140,513
124,577
Jan
89,020
137,730
Feb
136,507
129,505
73.1
M ar
140,823
176,786
Apr
174,709
149,578
M ay
196,736
170,072
Jun
126,596
179,771
29.0
Jul
A
S
O
N
D
J
F
M
A
M
J
J
126,250
175,748
12 Metro Atlanta Economic Indicators / September 2001
Georgia Department of Labor
Residential Construction
7.5 1999-2000 2000-2001
6.6
Monthly Data
Seasonally Adjusted
HOUSEHOLD UNITS ( THOUSANDS )
Month 1999-2000 2000-2001
5.7
Aug
4,812
5,074
Sep
4,391
4,936
Oct
4,243
4,169
4.8
Nov
6,242
5,153
Dec
4,618
4,569
Jan
5,639
6,236
Feb
5,305
6,386
3.9
M ar
5,801
5,197
Apr
6,037
5,355
M ay
5,789
5,884
Jun
5,453
6,482
3.1
Jul
A
S
O
N
D
J
F
M
A
M
J
J
5,416
5,487
Nonresidential Construction
$710
1999-2000 2000-2001
MILLIONS
$592
Monthly Data
Seasonally Adjusted
$474
Month 1999-2000 2000-2001
Aug
$405,393,000 $270,611,000
Sep
282,640,000
411,800,000
Oct
262,985,000
359,115,000
$356
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
$238
M ar
341,706,000
309,722,000
Apr
559,751,000
457,811,000
M ay
368,432,000
295,318,000
Jun
546,766,000
290,681,000
$120
Jul
A
S
O
N
D
J
F
M
A
M
J
J
277,576,000
386,935,000
Deflated Nonresidential Construction
$410
1999-2000 2000-2001
$341
Monthly Data
Seasonally Adjusted
MILLIONS
$271
Month 1999-2000 2000-2001
Aug
$242,605,000 $156,785,000
Sep
168,338,000
237,075,000
Oct
156,353,000
206,388,000
$202
Nov
161,810,000
145,435,000
Dec
266,321,000
180,108,000
Jan
181,395,000
199,292,000
Feb
147,072,000
187,172,000
$132
M ar
199,595,000
175,779,000
Apr
326,766,000
258,796,000
M ay
214,829,000
166,189,000
Jun
316,416,000
163,304,000
$63
Jul
A
S
O
N
D
J
F
M
A
M
J
J
160,634,000
217,992,000
Georgia Department of Labor
Metro Atlanta Economic Indicators / September 2001 13
Hotel Occupancy
71.4 1999-2000
2000-2001
68.5
Monthly Data
Seasonally Adjusted
PERCENTAGES
Month 1999-2000 2000-2001
65.5
Aug
64.31 %
67.15 %
Sep
67.10
67.87
Oct
67.27
64.71
62.6
Nov
65.84
65.64
Dec
60.08
61.87
Jan
66.59
65.81
Feb
65.04
64.80
59.7
M ar
64.95
67.35
Apr
63.05
62.14
M ay
64.49
63.76
Jun
67.51
64.97
56.7
Jul
A
S
O
N
D
J
F
M
A
M
J
J
68.05
60.79
Average Hotel Room Rates
$97 1999-2000 2000-2001
DOLLARS
$91
Monthly Data
Seasonally Adjusted
Month 1999-2000 2000-2001 $85
Aug
Sep
Oct
$80
Nov
Dec
Jan
Feb
$74
M ar
Apr
M ay
Jun
$68
Jul
A
S
O
N
D
J
F
M
A
M
J
J
$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 81.32 82.01 75.20
Deflated Average Hotel Room Rates
$58 1999-2000 2000-2001
$54
Monthly Data
Seasonally Adjusted
DOLLARS
Month 1999-2000 2000-2001 $50
Aug
Sep
Oct
$46
Nov
Dec
Jan
Feb
$42
M ar
Apr
M ay
Jun
$38
Jul
A
S
O
N
D
J
F
M
A
M
J
J
$46.83 47.03 47.85 48.36 45.54 53.32 46.52 46.59 47.68 45.37 45.97 45.45
$46.00 46.96 45.52 45.39 44.07 47.82 46.51 46.02 44.24 45.76 46.07 42.36
14 Metro Atlanta Economic Indicators / September 2001
Georgia Department of Labor
Average 30-Year Fixed Mortgage Rate*
9.25 1999-2000 2000-2001
8.67
PERCENTAGES
8.09
7.51
6.93
6.35
A
S
O
N
D
J
F
Average 15-Year Fixed Mortgage Rate*
9.10 1999-2000 2000-2001
Monthly Data
Not Seasonally Adjusted
Month
Aug Sep Oct Nov Dec Jan Feb M ar Apr M ay Jun Jul
M
A
M
J
J
* Does not include points
1999-2000
8.03 % 7.90 7.86 7.72 8.04 8.19 8.37 8.28 8.12 8.55 8.26 8.16
2000-2001
8.04 % 7.95 7.81 7.79 7.45 7.17 7.13 7.02 7.11 7.22 7.22 7.18
8.43
PERCENTAGES
7.76
7.09
6.42
5.75
A
S
O
N
D
J
F
M
A
M
J
J
* Does not include points
Average One-Year Adjustable Mortgage Rate*
8.12
1999-2000
2000-2001
Monthly Data
Not Seasonally Adjusted
Month 1999-2000
2000-2001
Aug
7.55 %
7.78 %
Sep
7.48
7.63
Oct
7.45
7.48
Nov
7.35
7.45
Dec
7.65
7.09
Jan
7.78
6.74
Feb
7.96
6.73
M ar
7.87
6.59
Apr
7.78
6.62
M ay
8.27
6.70
Jun
8.01
6.77
Jul
7.87
6.73
7.48
Monthly Data
Not Seasonally Adjusted
PERCENTAGES
Month
1999-2000 2000-2001
6.84
Aug
6.26 %
7.35 %
Sep
6.30
7.34
Oct
6.36
7.14
6.20
Nov
6.30
7.06
Dec
6.51
6.92
Jan
6.72
6.50
Feb
6.93
6.22
5.56
M ar
6.90
6.00
Apr
6.82
5.83
M ay
7.09
5.79
Jun
7.22
5.71
4.92
Jul
A
S
O
N
D
J
F
M
A
M
J
J
7.26
5.67
* Does not include points
Georgia Department of Labor
Metro Atlanta Economic Indicators / September 2001 15
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