ATL ANTA
METROPOLITAN
Economic
Indicators
A Monthly Report of Atlanta Labor Market and Economic Trends
June 2002
Volume 5, Issue 4
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 5, Issue 4 June 2002
April 2002 Data
Cover art: Margaret Mitchell House, Atlanta, 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 Opportunity Employer/Programs Auxiliary Aids and Services Available Upon Request to Individuals With Disabilities
Georgia Department of Labor
Metro Atlanta Economic Indicators / June 2002
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 the Georgia 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
2 Metro Atlanta Economic Indicators / June 2002
Georgia Department of Labor
Consumer Price Index for Atlanta
1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Rate
61.7
62.5
63.6
64.7
65.9
65.9
7.7
66.9
68.5
70.5
71.9
73.2
74
12.3
76.4
78
80.3
81.7
83
85.7
15.8
87.2
88.2
89.3
91.6
93.3
93.6
9.2
92.8
92.9
96.5
98
98.8
98.2
4.9
97.9
98.7
100.2
100.8
100.9
101.9
3.8
102.6
103.2
104.1
104.8
105.4
105.5
3.5
107
107.6
108.8
109.9
110.4
111.2
5.4
111.7
111.1
112.2
112.4
112.7
113.5
2.1
115.5
117.5
3.5
119.1
121.7
3.6
124.9
127.3
4.6
130.8
132.6
4.2
135.5
136.2
2.7
138.6
138.5
1.7
142.2
144.7
4.5
146.7
146.7
1.4
150.3
151.5
3.3
154.7
157.2
3.8
158.3
159.5
1.5
159.5
160.8
162
161.9
162
161.6
1.4
161.9
164
164.8
165.9
166.5
167
3.3
167.4
169.8
170.9
172.1
171.9
171.9
2.9
175.3
176.6
177.8
176.9
176.7
174.8
1.7
176.1
178.6
Source: U.S. Bureau of Labor Statistics
Consumer Price Index for Atlanta
The Consumer Price Index for All
household furnishings and operations
Urban Consumers (CPI-U) for Following is the formula for figur- costs declined 0.4 percent.
Atlanta increased 1.4 percent over ing Consumer Price Index changes Apparel costs decreased 4.2 percent
the two months ending in April to a from one point in time to another. in the March-April pricing period after
level of 178.6 (1982-84=100), not
Index point change increasing 14.5 percent in the January-
seasonally adjusted, as recently CPI reported by the Bureau of Labor Less previous index
112.5 February period. With the most recent 108.5 decrease, apparel costs are 0.5 percent
Statistics of the U.S. Department of Equals index point change
4.0 higher than a year ago.
Labor. For the 12-month period ending in April, the CPI-U for Atlanta increased 1.1 percent, compared to a 3.9 percent increase recorded for the same 12-month period ending in April 2001.
Among the major index groups,
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%
Transportation costs rose 4.8 percent. The index's increase reflected higher costs for motor fuel, which increased 27.9 percent over the past two months. Over the past year, transportation costs in the Atlanta area have increased 0.6 percent, as costs for motor fuel have
the housing index increased 1.9
declined 5.1 percent.
percent over the past two months, April pricing period as costs for utility Other indexes reported include the
reflecting higher costs for shelter. natural gas service declined 2.2 medical care index, which increased
Shelter costs increased 2.4 percent. percent. Over the 12 months ending 2.6 percent over the past two months.
Household fuels and utilities costs in April, the housing index has With the most recent increase,
continued a downward trend that increased 1.3 percent, as shelter costs consumers' costs for medical care in
began in August 2001. The index rose 3.0 percent, fuels and utilities the Atlanta area now stand 2.6 percent
declined 0.6 percent in the March- costs dropped 7.1 percent, and higher than they were in April 2001.
Georgia Department of Labor
Metro Atlanta Economic Indicators / June 2002 3
Metro Atlanta Continues to Lead the Nation in Housing Starts
According to the U.S. Census Bureau the Atlanta metropoli- DeKalb County came in third with a 11.6% share of permits
tan statistical area (MSA) holds the number one spot for the authorized with construction costs also exceeding $1 billion
highest number of permits authorized for new privately dollars.
owned housing units in 2001. This recognition adds to the
other first place holdings (for
During the 90's the metropolitan
housing starts) that Atlanta captured in the last decade.
Metro Atlanta Housing Starts 2001
area's growth was fueled by the massive number of jobs created,
The Atlanta MSA exceeded 65,000 housing permits in 2001, which was approximately 7,000 more permits then the runner up (Los Angeles CMSA). Officially, the Atlanta MSA issued 65,268 permits for new residential homes in 2001. The number of unadjusted units totaled 65,483: 48,428 single unit permits; 150 double unit permits; 350 three and four unit permits; and 16,555 permits for five units
% permits by county
O th er 54.6%
G winnett 17.2%
F u lton 16.6%
D eK a lb 11.6%
which led to an influx of workers in search of better opportunities. Those new residents along with native Atlantans, have taken advantage of the low interest rates and have transcended from apartment dwellers to new home owners.
Since then the economy has slowed but the housing market continues to hold its ground and has taken the lead in the eventual economic recovery.
or more.
The Atlanta metro area seems to
Gwinnett County produced 17.3% of the permits in the metro area (making it the largest contributor) with more than $1 billion in construction costs.
be on track to surpass last year's numbers. As of May of this year 29,334 permits (year to date) have been authorized for new housing units. A year
Fulton County placed second with 16.6% of the housing earlier, in May 2001, there were 29,297 new housing per-
permits distributed and $968 million in construction costs. mits authorized.
A t lan t a M SA L o s A n geles CM SA
N ew Y o rk CM SA W ash in gt o n CM SA D allas-Ft .W o rt h T X CM SA
P h o en ix M SA Ch icago CM SA H o ust o n * T X CM SA D en v er CM SA L as Vegas N V-A Z M SA
M iam i CM SA D et ro it CM SA Seat t le CM SA San Fran cisco CM SA O rlan do M SA M in n eap o lis M SA Ch arlo t t e M SA
T am p a M SA P h iladelp h ia CM SA
Raleigh M SA
New privately owned housing units authorized - Top 20
CMSA's / MSA's: 2001
Source: U.S. Census Bureau
0
10000
20000
30000
40000
50000
60000
* Houston, TX CMSA includes Galveston and Brazoria TX. CMSA= Consolidated Metropolitan Statistical Area
70000
4 Metro Atlanta Economic Indicators / June 2002
Georgia Department of Labor
Data Summary
April 2002 Data
Metro Atlanta Economic Indicators
Apr 2002 Mar 2002
Apr 2001
Percent Change Mar 2002
to Apr 2002
Percent Change Apr 2001
to Apr 2002
Nonagricultural Employment
2,145,359
Wholesale Employment
158,848
Retail Employment
388,681
Services Employment
679,509
Manufacturing Employment
209,724
Government Employment
277,181
Construction Employment
112,337
Transp. & Pub. Utilities Employment
176,988
Finance, Insurance & Realty Employment
140,431
Business Services Employment
211,714
Health Services Employment
132,493
Social Services Employment
34,711
Manufacturing Workweek
39.4
Manufacturing Earnings
$562.96
Deflated Manufacturing Earnings
$313.11
Initial Unemployment Claims
14,740
Continued Unemployment Claims
219,796
Total Unemployment Rate (not seasonally adjusted) 4.4%
Insured Unemployment Rate
2.07%
MARTA Passengers
5,861,000
Cobb County Transit Passengers
172,867
Residential Construction (household units)
5,787
Nonresidential Construction (value)
$314,321,000
Deflated Nonresidential Construction
$174,817
Hotel Occupancy
61.5%
Average Hotel Room Rates
$79.05
Deflated Average Hotel Room Rate
$43.96
Average 30-Year Fixed Mortgage Rate
6.96%
Average 15-Year Fixed Mortgage Rate
6.49%
Average One-Year Adjustable Mortgage Rate
4.92%
Georgia Department of Labor
2,135,751 158,105 385,735 672,940 207,679 277,134 112,918 177,345 142,397 206,958 132,974 34,644 40.3 $580.85 $324.86 13,598 168,001 4.7% 2.06%
5,408,000 165,386 5,286
$170,535,000 $95,378 61.0% $81.37 $45.51 7.00% 6.55% 4.98%
2,212,235 169,364 401,984 693,171 213,394 272,995 122,183 194,821 143,418 226,603 128,711 32,128 38.4 $541.22 $305.95 10,910 110,332 2.8% 1.02%
6,335,000 147,888 5,201
$430,876,000 $243,570 63.5% $78.87 $44.59 7.11% 6.62% 5.83%
0.45 0.47 0.76 0.98 0.98 0.02 -0.51 -0.20 -1.38 2.30 -0.36 0.19 -2.20 -3.08 -3.62 8.40 30.83
8.38 4.52 9.49 84.31 83.29 -2.85 -3.39 -
-3.02 -6.21 -3.31 -1.97 -1.72 1.53 -8.06 -9.15 -2.08 -6.57 2.94 8.04 2.65 4.02 2.34 35.11 99.21
-7.48 16.89 11.27 -27.05 -28.23 0.22 -1.40 -
Metro Atlanta Economic Indicators / June 2002 5
MILLIONS
Nonagricultural Employment
2.25
2000-2001
2001-2002
2.22
Monthly Data
Seasonally Adjusted
Month 2000-2001 2001-2002 2.19
M ay
2,176,197
2,205,265
Jun
2,181,190
2,204,728
2.16
Jul
2,182,146
2,196,446
Aug
2,190,815
2,187,626
Sep
2,191,073
2,184,321
Oct
2,195,286
2,185,609
Nov
2,200,703
2,160,248
2.13
Dec
2,204,842
2,147,497
Jan
2,199,393
2,137,649
Feb
2,201,436
2,138,795
M ar
2,205,457
2,135,751
2.10
Apr
M
J
J
A
S
O
N
D
J
F
M
A
2,212,235
2,145,359
Wholesale Employment
181.0
2000-2001 2001-2002
THOUSANDS
175.0
Monthly Data
Seasonally Adjusted
169.0
Month 2000-2001 2001-2002
M ay
Jun
Jul
163.0
Aug
Sep
Oct
Nov
157.0
Dec
Jan
Feb
M ar
151.0
Apr
M
J
J
A
S
O
N
D
J
F
M
A
173,757 173,367 172,513 171,880 170,937 170,371 169,345 169,761 170,504 169,542 169,720 169,364
168,736 169,520 170,210 167,889 168,089 168,062 167,416 162,368 163,076 160,916 158,105 158,848
Retail Employment
410.3
2000-2001 2001-2002
403.4
Monthly Data
Seasonally Adjusted
THOUSANDS
396.4
Month
2000-2001 2001-2002
M ay
Jun
Jul
389.5
Aug
Sep
Oct
Nov
382.6
Dec
Jan
Feb
M ar
375.6
Apr
M
J
J
A
S
O
N
D
J
F
M
A
390,416 391,699 391,542 392,650 392,803 394,699 398,257 398,610 398,320 398,616 400,920 401,984
401,803 401,290 396,967 396,531 395,769 395,528 394,349 395,442 386,814 383,758 385,735 388,681
6 Metro Atlanta Economic Indicators / June 2002
Georgia Department of Labor
Services Employment
709.5
2000-2001
2001-2002
696.8
Monthly Data
Seasonally Adjusted
THOUSANDS
684.1
Month
2000-2001 2001-2002
M ay
672,465
689,963
Jun
679,515
688,556
Jul
682,225
688,432
671.3
Aug
686,911
685,960
Sep
688,611
681,110
Oct
688,958
681,820
Nov
689,450
670,195
658.6
Dec
690,858
663,531
Jan
687,922
662,269
Feb
687,678
667,703
M ar
688,722
672,940
645.8
Apr
M
J
J
A
S
O
N
D
J
F
M
A
693,171
679,509
Manufacturing Employment
229.6
2000-2001 2001-2002
THOUSANDS
224.0
Monthly Data
Seasonally Adjusted
218.4
Month
2000-2001
2001-2002
M ay
Jun
Jul
212.8
Aug
Sep
Oct
Nov
207.2
Dec
Jan
Feb
M ar
201.6
Apr
M
J
J
A
S
O
N
D
J
F
M
A
221,858 222,571 218,876 221,181 220,284 219,354 218,679 218,388 215,961 216,332 215,752 213,394
211,695 211,596 210,996 210,224 210,013 210,737 207,678 208,484 212,496 212,370 207,679 209,724
Government Employment
285.5
2000-2001
2001-2002
THOUSANDS
279.3
Monthly Data
Seasonally Adjusted
273.1
Month 2000-2001
2001-2002
M ay
268,947
272,817
Jun
264,330
272,967
Jul
261,620
270,500
267.0
Aug
264,461
268,116
Sep
265,399
273,845
Oct
266,476
274,057
Nov
267,915
275,806
260.8
Dec
267,421
277,667
Jan
270,538
276,408
Feb
272,243
276,737
M ar
272,965
277,134
254.7
Apr
M
J
J
A
S
O
N
D
J
F
M
A
272,995
277,181
Georgia Department of Labor
Metro Atlanta Economic Indicators / June 2002 7
Construction Employment
128.2
2000-2001
2001-2002
THOUSANDS
124.0
Monthly Data
Seasonally Adjusted
Month 2000-2001 2001-2002
119.9
M ay
118,011
121,631
Jun
119,152
122,045
Jul
119,997
120,752
115.8
Aug
119,908
122,476
Sep
120,157
121,443
Oct
119,460
123,625
Nov
119,207
118,467
111.7
Dec
119,098
114,719
Jan
119,720
114,884
Feb
120,093
115,255
M ar
120,265
112,918
107.5
Apr
M
J
J
A
S
O
N
D
J
F
M
A
122,183
112,337
Transportation and Public Utilities Employment
205.7
2000-2001
2001-2002
THOUSANDS
198.5
Monthly Data
Seasonally Adjusted
191.2
Month 2000-2001 2001-2002
M ay
Jun
Jul
184.0
Aug
Sep
Oct
Nov
176.8
Dec
Jan
Feb
M ar
169.5
Apr
M
J
J
A
S
O
N
D
J
F
M
A
189,770 190,148 190,386 191,791 191,839 194,155 195,982 196,488 193,645 192,909 193,073 194,821
194,625 194,442 192,674 193,229 191,284 187,871 183,492 181,429 179,208 177,463 177,345 176,988
Finance, Insurance and Realty Employment
146.0
2000-2001
2001-2002
144.4
Monthly Data
Seasonally Adjusted
THOUSANDS
142.8
Month 2000-2001 2001-2002
M ay
139,891
143,536
Jun
140,235
143,978
Jul
140,957
142,551
141.2
Aug
141,114
142,019
Sep
140,117
141,658
Oct
140,662
142,105
Nov
140,820
141,056
139.6
Dec
141,060
140,207
Jan
141,392
140,850
Feb
141,711
142,382
M ar
142,343
142,397
138.0
Apr
M
J
J
A
S
O
N
D
J
F
M
A
143,418
140,431
8 Metro Atlanta Economic Indicators / June 2002
Georgia Department of Labor
Business Services Employment
254.6
2000-2001
2001-2002
240.9
Monthly Data
Seasonally Adjusted
THOUSANDS
227.3
Month 2000-2001 2001-2002
M ay
229,320
225,539
Jun
231,241
222,177
Jul
233,704
223,289
213.6
Aug
236,420
222,957
Sep
237,307
220,140
Oct
237,776
216,269
Nov
236,095
204,182
200.0
Dec
237,132
204,204
Jan
231,751
202,527
Feb
229,301
204,004
M ar
229,264
206,958
186.3
Apr
M
J
J
A
S
O
N
D
J
F
M
A
226,603
211,714
Health Services Employment
137.1
2000-2001
2001-2002
THOUSANDS
133.7
Monthly Data
Seasonally Adjusted
Month 2000-2001 2001-2002
130.3
M ay
124,598
129,493
Jun
125,192
130,653
Jul
124,415
130,221
126.9
Aug
125,192
129,892
Sep
125,420
130,478
Oct
126,221
132,458
Nov
126,427
131,142
123.5
Dec
126,414
131,098
Jan
125,934
130,877
Feb
126,943
133,077
M ar
127,363
132,974
120.0
Apr
M
J
J
A
S
O
N
D
J
F
M
A
128,711
132,493
Social Services Employment
36.1 2000-2001 2001-2002
THOUSANDS
34.8
Monthly Data
Seasonally Adjusted
Month 2000-2001 2001-2002
33.5
M ay
31,248
32,021
Jun
31,188
31,950
Jul
31,063
32,622
32.1
Aug
31,460
32,100
Sep
31,333
32,960
Oct
31,405
33,386
Nov
31,509
33,895
30.8
Dec
31,932
33,752
Jan
32,180
34,620
Feb
32,164
34,550
M ar
32,188
34,644
29.4
Apr
M
J
J
A
S
O
N
D
J
F
M
A
32,128
34,711
Georgia Department of Labor
Metro Atlanta Economic Indicators / June 2002
9
Manufacturing Workweek
41.4
2000-2001
2001-2002
HOURS
40.6
Monthly Data
Seasonally Adjusted
Month
39.8 M ay
Jun
Jul
39.0
Aug
Sep
Oct
Nov
38.2
Dec
Jan
Feb
M ar
37.3
Apr
M
J
J
A
S
O
N
D
J
F
M
A
2000-2001
40.4 40.0 39.5 39.8 38.8 39.9 39.3 39.0 39.1 38.9 38.9 38.4
2001-2002
39.6 40.1 38.8 39.6 39.8 38.6 38.9 38.9 38.9 39.3 40.3 39.4
Manufacturing Earnings
$603
2000-2001 2001-2002
DOLLARS
$586
Monthly Data
Seasonally Adjusted
$569
Month
2000-2001
2001-2002
M ay
$552.27
$561.95
Jun
552.51
575.65
Jul
547.47
555.90
$552
Aug
560.32
561.00
Sep
548.43
569.47
Oct
569.35
544.90
Nov
563.98
543.04
$535
Dec
552.40
559.84
Jan
550.79
552.14
Feb
553.01
578.59
M ar
551.74
580.85
$519
Apr
M
J
J
A
S
O
N
D
J
F
M
A
541.22
562.96
Deflated Manufacturing Earnings
$339
2000-2001 2001-2002
DOLLARS
$330
Monthly Data
Seasonally Adjusted
$321
Month
2000-2001
2001-2002
M ay
$322.02
$316.23
Jun
319.74
323.40
Jul
316.82
313.18
$312
Aug
324.64
316.06
Sep
315.73
319.39
Oct
327.21
306.64
Nov
323.94
306.11
$303
Dec
317.47
316.83
Jan
314.56
311.77
Feb
314.57
325.42
M ar
313.13
324.86
$294
Apr
M
J
J
A
S
O
N
D
J
F
M
A
305.95
313.11
10 Metro Atlanta Economic Indicators / June 2002
Georgia Department of Labor
Initial Unemployment Claims
25.5 2000-2001 2001-2002
THOUSANDS
20.4
Monthly Data
Seasonally Adjusted
Month
2000-2001 2001-2002
15.3
M ay
6,705
11,798
Jun
7,552
10,967
Jul
6,861
11,834
10.2
Aug
8,219
13,049
Sep
7,057
12,523
Oct
7,534
19,180
Nov
7,795
17,429
5.1
Dec
8,228
13,885
Jan
11,539
14,616
Feb
10,223
12,464
M ar
10,221
13,598
0.0
Apr
M
J
J
A
S
O
N
D
J
F
M
A
10,910
14,740
Continued Unemployment Claims
288.5
2000-2001 2001-2002
THOUSANDS
230.8
Monthly Data
Seasonally Adjusted
173.1
Month
2000-2001 2001-2002
M ay
65,495
104,108
Jun
56,248
109,620
Jul
61,750
124,874
115.4
Aug
59,873
123,371
Sep
59,470
131,061
Oct
73,196
190,425
Nov
59,977
164,254
57.7
Dec
61,431
189,033
Jan
78,839
166,026
Feb
80,310
181,110
M ar
76,932
168,001
0.0
Apr
M
J
J
A
S
O
N
D
J
F
M
A
110,332
219,796
Total Unemployment Rate
5.7 2000-2001 2001-2002
PERCENTAGES
4.9
Monthly Data
Not Seasonally Adjusted
Month
4.1 May
Jun
Jul
3.3
Aug
Sep
Oct
Nov
2.5
Dec
Jan
Feb
Mar
1.7
Apr
M
J
J
A
S
O
N
D
J
F
M
A
2000-2001
2.9 % 3.5 3.3 3.1 3.1 3.0 2.6 2.6 2.9 3.1 3.0 2.8
2001-2002
3.0 % 3.7 3.6 3.6 3.8 4.1 4.1 4.2 4.4 4.7 4.7 4.4
Georgia Department of Labor
Metro Atlanta Economic Indicators / June 2002 11
iInsured Unemployment Rate
2.63
2000-2001 2001-2002
2.11
Monthly Data
Seasonally Adjusted
PERCENTAGES
Month 1.59
M ay
Jun
Jul
1.07
Aug
Sep
Oct
Nov
0.55
Dec
Jan
Feb
M ar
0.03
Apr
M
J
J
A
S
O
N
D
J
F
M
A
MMARTA Passengers
2000-2001
0.63 % 0.65 0.66 0.68 0.68 0.68 0.69 0.78 0.82 0.88 0.93 1.02
2001-2002
1.13 % 1.23 1.35 1.44 1.68 1.75 2.01 1.99 2.00 2.02 2.06 2.07
7.8 2000-2001 2001-2002
MILLIONS
7.2
Monthly Data
Seasonally Adjusted
Month
2000-2001 2001-2002
6.6
M ay
6,658,000
6,572,000
Jun
7,043,000
6,512,000
Jul
6,032,000
5,481,000
6.0
Aug
6,681,000
6,196,000
Sep
6,565,000
5,994,000
Oct
6,566,000
6,043,000
Nov
6,505,000
5,916,000
5.4
Dec
6,126,000
5,760,000
Jan
6,600,000
5,645,000
Feb
6,228,000
5,621,000
M ar
6,378,000
5,408,000
Apr 4.8
M
J
J
A
S
O
N
D
J
F
M
A
6,335,000
5,861,000
Cobb Community Transit Passengers
235.9
2000-2001
2001-2002
205.7
Monthly Data
Seasonally Adjusted
THOUSANDS
175.6
Month
2000-2001 2001-2002
M ay
195,133
168,529
Jun
125,437
177,233
Jul
126,747
176,523
145.4
Aug
136,845
189,661
Sep
132,248
173,058
Oct
138,910
187,596
Nov
137,090
193,266
115.2
Dec
123,707
172,187
Jan
141,285
186,592
Feb
130,075
170,281
M ar
174,076
165,386
85.0
Apr
M
J
J
A
S
O
N
D
J
F
M
A
147,888
172,867
12 Metro Atlanta Economic Indicators / June 2002
Georgia Department of Labor
Residential Construction
7.5 2000-2001 2001-2002
6.6
Monthly Data
Seasonally Adjusted
HOUSEHOLD UNITS ( THOUSANDS )
Month
5.8
M ay
Jun
Jul
4.9
Aug
Sep
Oct
Nov
4.1
Dec
Jan
Feb
M ar
3.2
Apr
M
J
J
A
S
O
N
D
J
F
M
A
2000-2001
5,753 5,465 5,312 5,211 5,066 4,282 5,083 5,011 5,949 6,144 5,089 5,201
2001-2002
5,799 6,447 5,390 5,358 4,915 4,939 4,686 4,826 5,226 5,070 5,286 5,787
Nonresidential Construction
$710
2000-2001 2001-2002
MILLIONS
$570
Monthly Data
Seasonally Adjusted
$430
Month 2000-2001 2001-2002
M ay
$392,505,000 $312,898,000
Jun
561,138,000
299,961,000
Jul
254,659,000
351,753,000
$290
Aug
262,446,000
306,256,000
Sep
387,210,000
326,715,000
Oct
351,400,000
347,295,000
Nov
263,093,000
450,041,000
$150
Dec
343,026,000
186,475,000
Jan
354,911,000
332,767,000
Feb
324,993,000
347,867,000
M ar
315,487,000
170,535,000
$10
Apr
M
J
J
A
S
O
N
D
J
F
M
A
430,876,000
314,321,000
Deflated Nonresidential Construction
$426
2000-2001 2001-2002
$342
Monthly Data
Seasonally Adjusted
MILLIONS
$258
Month 2000-2001 2001-2002
M ay
$228,866,000 $176,082,000
Jun
324,733,000
168,517,000
Jul
147,372,000
198,171,000
$174
Aug
152,054,000
172,539,000
Sep
222,919,000
183,239,000
Oct
201,954,000
195,439,000
Nov
151,116,000
253,687,000
$90
Dec
197,141,000
105,532,000
Jan
202,690,000
187,898,000
Feb
184,865,000
195,651,000
M ar
179,051,000
95,378,000
$6
Apr
M
J
J
A
S
O
N
D
J
F
M
A
243,570,000
174,817,000
Georgia Department of Labor
Metro Atlanta Economic Indicators / June 2002
13
Hotel Occupancy
76.4 2000-2001
2001-2002
69.9
Monthly Data
Seasonally Adjusted
PERCENTAGES
Month
2000-2001 2001-2002
63.3
M ay
64.79 %
64.03 %
Jun
67.60
65.04
Jul
68.51
61.16
56.7
Aug
66.95
63.66
Sep
67.40
51.34
Oct
65.82
58.12
Nov
64.76
55.98
50.2
Dec
60.70
55.29
Jan
65.05
59.85
Feb
64.85
59.54
M ar
66.92
61.04
43.6
Apr
M
J
J
A
S
O
N
D
J
F
M
A
63.47
61.54
Average Hotel Room Rates
$88 2000-2001 2001-2002
DOLLARS
$83
Monthly Data
Seasonally Adjusted
Month $79
M ay
Jun
Jul
$75
Aug
Sep
Oct
Nov
$71
Dec
Jan
Feb
M ar
$67
Apr
M
J
J
A
S
O
N
D
J
F
M
A
2000-2001 2001-2002
$78.01 78.64 80.99 78.41 82.28 79.89 79.24 75.75 82.53 80.68 81.33 78.87
$81.42 81.28 77.39 79.49 72.01 78.51 74.70 73.52 77.81 75.67 81.37 79.05
Deflated Average Hotel Room Rates
$51 2000-2001 2001-2002
$48
Monthly Data
Seasonally Adjusted
DOLLARS
Month $45
M ay
Jun
Jul
$42
Aug
Sep
Oct
Nov
$40
Dec
Jan
Feb
M ar
$37
Apr
M
J
J
A
S
O
N
D
J
F
M
A
2000-2001
$45.49 45.51 46.87 45.43 47.37 45.92 45.51 43.53 47.13 45.89 46.15 44.59
2001-2002
$45.82 45.66 43.60 44.78 40.39 44.18 42.11 41.61 43.93 42.56 45.51 43.96
14 Metro Atlanta Economic Indicators / June 2002
Georgia Department of Labor
Average 30-Year Fixed Mortgage Rate*
9.38 2000-2001 2001-2002
8.65
PERCENTAGES
7.92
7.19
6.46
5.73
M
J
J
A
S
O
N
Average 15-Year Fixed Mortgage Rate*
9.10 2000-2001 2001-2002
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
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
2001-2002
7.22 % 7.22 7.18 7.01 6.82 6.62 6.72 7.17 7.03 6.85 7.00 6.96
8.33
PERCENTAGES
7.57
6.80
6.04
5.27
M
J
J
A
S
O
N
D
J
F
M
A
* Does not include points
Average One-Year Adjustable Mortgage Rate*
8.46
2000-2001
2001-2002
Monthly Data
Not Seasonally Adjusted
Month
2000-2001
M ay
8.27 %
Jun
8.01
Jul
7.87
Aug
7.78
Sep
7.63
Oct
7.48
Nov
7.45
Dec
7.09
Jan
6.74
Feb
6.73
M ar
6.59
Apr
6.62
2001-2002
6.70 % 6.77 6.73 6.53 6.35 6.15 6.24 6.65 6.52 6.37 6.55 6.49
7.53
Monthly Data
Not Seasonally Adjusted
PERCENTAGES
Month
6.60
M ay
Jun
Jul
5.67
Aug
Sep
Oct
Nov
4.74
Dec
Jan
Feb
M ar
3.81
Apr
M
J
J
A
S
O
N
D
J
F
M
A
* Does not include points
2000-2001
7.09 % 7.22 7.26 7.35 7.34 7.14 7.06 6.92 6.50 6.22 6.00 5.83
2001-2002
5.79 % 5.71 5.67 5.57 5.38 5.05 5.05 5.26 4.99 4.84 4.98 4.92
Georgia Department of Labor
Metro Atlanta Economic Indicators / June 2002 15
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