Metro Atlanta economic indicators, monthly report, Vol. 5, no. 4 (June 2002)

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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