ATL ANTA
METROPOLITAN
Economic
Indicators
A Monthly Report of Atlanta Labor Market and Economic Trends
July 2002
Volume 5, Issue 5
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 5 July 2002
May 2002 Data
Cover art: University of Georgia, Athens, 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 / July 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 / July 2002
Georgia Department of Labor
Consumer Price Index for the South
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
78.5
80.6
82.2
82.7
84.2
85.8
12.5
87.8
89.0
90.4
91.9
93.0
94.3
9.9
95.1
94.7
97.0
97.6
98.0
97.8
3.7
98.0
98.8
99.6
100.2
101.2
101.3
3.6
102.4
103.1
103.6
104.3
105.1
105.3
3.9
105.7
106.4
107.1
107.6
108.3
108.7
3.2
108.9
107.9
108.7
108.7
109.4
109.7
0.9
110.2
110.7 111.1 111.5 111.8 112.2 112.6 112.9 113.5 113.8 114.1 114.0
3.9
114.1
114.4 114.8 115.4 115.6 116.1 116.6 117.0 117.7 118.2 118.3 118.5
3.9
118.9
119.2 119.8 120.8 121.3 121.7 122.0 122.1 122.5 123.0 123.2 123.4
4.1
124.6
125.4 126.0 126.1 126.5 127.3 127.8 128.7 129.7 130.7 130.9 130.9
6.1
131.4
131.7 131.9 132.1 132.5 132.8 133.0 133.3 133.8 134.1 134.4 134.3
2.6
134.4
134.9 135.5 135.9 136.2 136.7 136.8 137.0 137.3 137.8 138.1 137.9
2.7
138.4
139.1 139.7 140.2 140.7 140.8 140.9 141.5 141.6 142.2 142.3 142.2
3.1
142.5
142.9 143.6 143.8 144.3 144.7 145.0 145.5 145.8 145.9 146.0 146.1
2.7
146.7
147.4 148.0 148.4 148.8 149.1 149.2 149.7 149.8 150.5 150.4 150.3
2.9
151.1
151.5 152.4 153.2 153.5 154.0 154.0 154.1 154.5 154.9 155.1 155.1
3.2
155.7
156.1 156.5 156.7 156.6 157.0 157.0 157.1 157.5 157.8 157.8 157.3
1.4
157.6
157.8 158.2 158.5 158.8 159.1 159.3 159.5 159.5 159.8 159.6 159.6
1.5
159.9
160.0 160.6 161.5 161.6 161.7 162.2 162.6 163.2 163.6 163.5 163.6
2.5
164.0
164.7 166.4 166.6 166.6 167.4 167.9 168.0 168.5 168.5 168.6 168.4
2.9
169.3
170.2 170.6 171.4 171.7 172.2 171.6 171.5 172.2 171.7 171.0 170.3
1.1
170.6
171.0 172.1 173.1 173.2
Source: U.S. Bureau of Labor Statistics
Consumer Price Index for the South
The Consumer Price Index for All Urban Consumers (CPI-U) for the South increased 0.1 percent in May, not seasonally adjusted, to a level of 178.6 (1982-84=100), as recently reported by the Bureau of Labor Statistics of the U.S. Department of Labor. For the 12month period ending in May, the CPI-U, South increased 0.9 percent.
The 0.1 percent increase in the all items index last month followed an increase of 0.6 percent in April. Excluding food and energy, the CPI-U, South rose 0.1 percent over the month.
In the 12 months since May 2001, the CPI-U, South has increased 0.9 percent. Higher costs for housing were partially offset by lower costs for
transportation. Energy costs have declined 11.5 percent over the past 12 months. Excluding food and energy, the CPI-U, South has risen 2.1 percent since May 2001.
The housing index increased 0.4 percent after posting no change in April. Higher costs for both shelter and fuels and utilities contributed to the increase in the housing index. Shelter costs increased 0.3 percent, while costs for fuels and utilities rose 1.1 percent over the month.
The index for apparel dropped 1.2 percent in May after increasing 0.8 percent in April. It was the first decline in the index since January, reflecting the usual pattern of increases in February, March, and April followed by declines, beginning in May. Overall, apparel costs are down 2.0 percent since May 2001.
The transportation index dropped 0.1 percent in May after increasing 2.6 percent in April. The small decrease reflected drops in the indexes for new and used motor vehicles and motor fuel. Gasoline costs, the largest component of the motor fuels index, declined 0.2 percent in May after rising 14.7 percent in April.
Costs for medical care continued to rise in May, for the 20th consecutive month. In May, the index rose 0.3 percent, slightly less than its 0.4 percent increase recorded in April. Increases were recorded both for medical care commodities (0.4 percent) and medical care services (0.3 percent). Over the past year, medical care costs have increased 4.0 percent.
Georgia Department of Labor
Metro Atlanta Economic Indicators / July 2002 3
Metro Atlanta Index of Economic Indicators
184.9
Leading indicators Coincident indicators
165.6
146.3
127.1
107.8
1987-88 = 100
88.5
95
96
97
98
99
00
01
02
03
Note: All indicators are seasonally adjusted
Residential Construction Pushes Lead Indicator Higher
The Georgia Department of Labor's Index of Leading Economic Indicators (LEI) for the Atlanta metropolitan area increased 0.2 percent in May, to a level of 158.2 from a revised 157.8 in April, after seasonal adjustment.
Record low interest rates and solid appreciation in housing values are driving the demand for residential homes. Permits for residential construction increased for the third consecutive month, up 9.9 percent in May. Commercial construction continues to struggle as companies postpone expansion plans; as a result the value of nonresidential construction continues to decline, down 29.5 percent in May.
Initial jobless claims increased 4.9 percent as continued unemployment claims dropped 19.0 percent. Manufacturing average weekly hours worked increased 0.4 percent.
Recent 12 Months
171.3
Leading Coincident
163.8
156.2
148.7
141.1
1987-88 = 100 133.6
J J ASOND J FMAM
The Leading Index reflects activity that will impact the economy for a duration of three to six months into the future. Coincident indicators measure current conditions.
The Index of Coincident Economic Indicators (CEI) decreased 0.4 percent in May, to a level of 142.5 from a revised 143.1, after seasonal adjustment.
The main contributor to the coincident indicator's down turn was the increase in the metro area's unemployment rate. Atlanta's jobless rate increased three-tenths of a percentage point to 4.7 percent, two-tenths of a percent higher then the state's unemployment rate, which is quite rare.
Nonagricultural employment lost 2,000 jobs in May, reducing the 9,600 jobs gained in April. Retail employment slipped 0.9 percent after two consecutive months of gains.
The coincident indicator continues to stabilize and move horizontally as the metro area attempts to pull out of this tepid economic environment.
4 Metro Atlanta Economic Indicators / July 2002
Georgia Department of Labor
Data Summary
May 2002 Data
Metro Atlanta Economic Indicators
May 2002 Apr 2002
May 2001
Percent Percent Change Change
Apr 2002 May 2001
to
to
May 2002 May 2002
Nonagricultural Employment
2,148,388
Wholesale Employment
159,729
Retail Employment
387,120
Services Employment
681,361
Manufacturing Employment
212,632
Government Employment
276,777
Construction Employment
111,547
Transp. & Pub. Utilities Employment
178,611
Finance, Insurance & Realty Employment
139,431
Business Services Employment
211,950
Health Services Employment
133,391
Social Services Employment
35,589
Manufacturing Workweek
39.4
Manufacturing Earnings
$568.10
Deflated Manufacturing Earnings
$315.96
Initial Unemployment Claims
15,425
Continued Unemployment Claims
177,935
Total Unemployment Rate (not seasonally adjusted) 4.7%
Insured Unemployment Rate
2.00%
MARTA Passengers
5,784,000
Cobb County Transit Passengers
168,728
Residential Construction (household units)
6,360
Nonresidential Construction (value)
$221,446,000
Deflated Nonresidential Construction
$123,162
Hotel Occupancy
57.7%
Average Hotel Room Rates
$77.18
Deflated Average Hotel Room Rate
$42.93
Average 30-Year Fixed Mortgage Rate
6.77%
Average 15-Year Fixed Mortgage Rate
6.29%
Average One-Year Adjustable Mortgage Rate
4.67%
Georgia Department of Labor
2,150,376 159,949 390,801 680,212 210,328 276,982 113,142 176,788 140,331 210,704 134,092 34,711 39.2 $556.57 $309.55 14,740 219,796 4.4% 2.07%
5,861,000 172,867 5,787
$314,321,000 $174,817 61.5% $79.05 $43.96 6.96% 6.49% 4.92%
2,205,265 168,736 401,803 689,963 211,695 272,817 121,631 194,625 143,536 225,539 129,493 32,021 39.6 $561.95 $316.23 11,798 104,108 3.0% 1.13%
6,572,000 168,529 5,799
$312,898,000 $176,082 64.0% $81.42 $45.82 7.22% 6.70% 5.79%
-0.09 -0.14 -0.94 0.17 1.10 -0.07 -1.41 1.03 -0.64 0.59 -0.52 2.53 0.49 2.07 2.07 4.65 -19.05
-1.31 -2.39 9.90 -29.55 -29.55 -2.36 -2.36 -
-2.58 -5.34 -3.65 -1.25 0.44 1.45 -8.29 -8.23 -2.86 -6.03 3.01 11.14 -0.55 1.10 -0.09 30.75 70.91
-11.99 0.12 9.68 -29.23 -30.05 -5.20 -6.31 -
Metro Atlanta Economic Indicators / July 2002
5
Nonagricultural Employment
2.24
2000-2001
2001-2002
MILLIONS
2.21
Monthly Data
Seasonally Adjusted
Month 2000-2001 2001-2002 2.19
2.16 2.14 2.11
Jun Jul Aug Sep Oct Nov Dec Jan Feb M ar Apr M ay
2,181,190 2,182,146 2,190,815 2,191,073 2,195,286 2,200,703 2,204,842 2,199,393 2,201,436 2,205,457 2,212,235 2,205,265
2,204,728 2,196,446 2,187,626 2,184,321 2,185,609 2,160,248 2,147,497 2,137,649 2,138,795 2,135,751 2,150,376 2,148,388
J
J
A
S
O
N
D
J
F
M
A
M
Wholesale Employment
179.7 174.1
2000-2001
2001-2002
Monthly Data
Seasonally Adjusted
THOUSANDS
Month 2000-2001 2001-2002
168.6 Jun
Jul
Aug
163.1
Sep
Oct
Nov
Dec
157.6
Jan
Feb
M ar
Apr
152.1
M ay
J
J
A
S
O
N
D
J
F
M
A
M
173,367 172,513 171,880 170,937 170,371 169,345 169,761 170,504 169,542 169,720 169,364 168,736
169,520 170,210 167,889 168,089 168,062 167,416 162,368 163,076 160,916 158,105 159,949 159,729
Retail Employment
410.3 2000-2001
2001-2002
403.6
Monthly Data
Seasonally Adjusted
397.0
Month
2000-2001 2001-2002
THOUSANDS
Jun
Jul
Aug
390.3
Sep
Oct
Nov
Dec
383.7
Jan
Feb
M ar Apr
377.0
M ay
J
J
A
SOND
J
F
MA
M
391,699 391,542 392,650 392,803 394,699 398,257 398,610 398,320 398,616 400,920 401,984 401,803
401,290 396,967 396,531 395,769 395,528 394,349 395,442 386,814 383,758 385,735 390,801 387,120
6 Metro Atlanta Economic Indicators / July 2002
Georgia Department of Labor
Services Employment
706.0
2000-2001
2001-2002
694.9
Monthly Data
Seasonally Adjusted
THOUSANDS
683.8 672.8 661.7 650.6
Month
Jun Jul Aug Sep Oct Nov Dec Jan Feb M ar Apr M ay
2000-2001
679,515 682,225 686,911 688,611 688,958 689,450 690,858 687,922 687,678 688,722 693,171 689,963
2001-2002
688,556 688,432 685,960 681,110 681,820 670,195 663,531 662,269 667,703 672,940 680,212 681,361
J
J
A
S
O
N
D
J
F
M
A
M
Manufacturing Employment
227.4
2000-2001
2001-2002
222.2
Monthly Data
Seasonally Adjusted
THOUSANDS
217.1
Month
2000-2001
2001-2002
211.9
Jun
222,571
211,596
Jul
218,876
210,996
Aug
221,181
210,224
Sep
220,284
210,013
Oct
219,354
210,737
206.8
Nov
218,679
207,678
Dec
218,388
208,484
Jan
215,961
212,496
Feb
216,332
212,370
M ar
215,752
207,679
201.6
Apr M ay
213,394 211,695
210,328 212,632
J
J
A
S
O
N
D
J
F
M
A
M
Government Employment
284.3
2000-2001
2001-2002
THOUSANDS
278.3
Monthly Data
Seasonally Adjusted
272.4
Month 2000-2001
2001-2002
Jun
264,330
272,967
266.5 260.6
Jul
261,620
270,500
Aug
264,461
268,116
Sep
265,399
273,845
Oct
266,476
274,057
Nov
267,915
275,806
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 ay
272,995 272,817
276,982 276,777
J
J
A
S
O
N
D
J
FMAM
Georgia Department of Labor
Metro Atlanta Economic Indicators / July 2002 7
Construction Employment
129.1
2000-2001
2001-2002
THOUSANDS
124.7
Monthly Data
Seasonally Adjusted
120.4 116.1 111.8 107.5
Month
Jun Jul Aug Sep Oct Nov Dec Jan Feb M ar Apr M ay
2000-2001
119,152 119,997 119,908 120,157 119,460 119,207 119,098 119,720 120,093 120,265 122,183 121,631
2001-2002
122,045 120,752 122,476 121,443 123,625 118,467 114,719 114,884 115,255 112,918 113,142 111,547
J
J
A
S
O
N
D
J
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M
A
M
Transportation and Public Utilities Employment
201.7
2000-2001
2001-2002
195.3
Monthly Data
Seasonally Adjusted
THOUSANDS
188.8
Month 2000-2001 2001-2002
182.4 175.9 169.5
Jun Jul Aug Sep Oct Nov Dec Jan Feb M ar Apr M ay
190,148 190,386 191,791 191,839 194,155 195,982 196,488 193,645 192,909 193,073 194,821 194,625
194,442 192,674 193,229 191,284 187,871 183,492 181,429 179,208 177,463 177,345 176,788 178,611
J
J
A
S O ND
J
F
MAM
Finance, Insurance and Realty Employment
145.6
2000-2001
2001-2002
144.0
Monthly Data
Seasonally Adjusted
THOUSANDS
142.5
Month 2000-2001 2001-2002
141.0 139.5 138.0
Jun Jul Aug Sep Oct Nov Dec Jan Feb M ar Apr M ay
140,235 140,957 141,114 140,117 140,662 140,820 141,060 141,392 141,711 142,343 143,418 143,536
143,978 142,551 142,019 141,658 142,105 141,056 140,207 140,850 142,382 142,397 140,331 139,431
J
J
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S
O
N
D
J
F
M
A
M
8 Metro Atlanta Economic Indicators / July 2002
Georgia Department of Labor
Business Services Employment
252.1
2000-2001
2001-2002
240.0
Monthly Data
Seasonally Adjusted
THOUSANDS
228.0
Month Jun
2000-2001
231,241
2001-2002
222,177
Jul
233,704
223,289
Aug
236,420
222,957
215.9 203.8
Sep
237,307
220,140
Oct
237,776
216,269
Nov
236,095
204,182
Dec
237,132
204,204
Jan
231,751
202,527
Feb
229,301
204,004
M ar
229,264
206,958
191.8
Apr M ay
226,603 225,539
210,704 211,950
J
J
A
S
O
N
D
J
FMAM
Health Services Employment
137.6
2000-2001
2001-2002
THOUSANDS
134.2
Monthly Data
Seasonally Adjusted
130.8
Month 2000-2001 2001-2002
Jun
125,192
130,653
Jul
124,415
130,221
127.4
Aug
125,192
129,892
Sep
125,420
130,478
Oct
126,221
132,458
Nov
126,427
131,142
124.0
Dec
126,414
131,098
Jan
125,934
130,877
Feb
126,943
133,077
M ar
127,363
132,974
Apr
128,711
134,092
120.6
M ay
129,493
133,391
J
J
A
SOND
J
F
MA M
Social Services Employment
37.0
2000-2001
2001-2002
35.5
Monthly Data
Seasonally Adjusted
THOUSANDS
34.0 32.5 31.1 29.6
Month
Jun Jul Aug Sep Oct Nov Dec Jan Feb M ar Apr M ay
2000-2001
31,188 31,063 31,460 31,333 31,405 31,509 31,932 32,180 32,164 32,188 32,128 32,021
2001-2002
31,950 32,622 32,100 32,960 33,386 33,895 33,752 34,620 34,550 34,644 34,711 35,589
J
J
A
SO
ND
J
FMAM
Georgia Department of Labor
Metro Atlanta Economic Indicators / July 2002
9
Manufacturing Workweek
41.7
2000-2001
2001-2002
HOURS
40.7
Monthly Data
Seasonally Adjusted
39.7 38.7 37.8 36.8
Month
Jun Jul Aug Sep Oct Nov Dec Jan Feb M ar Apr M ay
J
J
A
S
O
N
D
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F
M
A
M
Manufacturing Earnings
$593
2000-2001
2001-2002
2000-2001
40.0 39.5 39.8 38.8 39.9 39.3 39.0 39.1 38.9 38.9 38.4 39.6
2001-2002
40.1 38.8 39.6 39.8 38.6 38.9 38.9 38.9 39.3 40.3 39.2 39.4
DOLLARS
$579
Monthly Data
Seasonally Adjusted
$566
Month
2000-2001
2001-2002
$552 $539 $525
Jun Jul Aug Sep Oct Nov Dec Jan Feb M ar Apr M ay
$552.51 547.47 560.32 548.43 569.35 563.98 552.40 550.79 553.01 551.74 541.22 561.95
$575.65 555.90 561.00 569.47 544.90 543.04 559.84 552.14 578.59 580.85 556.57 568.10
J
J
A
SOND
J
F
MA M
Deflated Manufacturing Earnings
$345
2000-2001
2001-2002
$334
Monthly Data
Seasonally Adjusted
DOLLARS
$322
Month
Jun Jul Aug
2000-2001
$319.74 316.82 324.64
2001-2002
$323.40 313.18 316.06
$311 $299 $288
Sep Oct Nov Dec Jan Feb M ar Apr M ay
315.73 327.21 323.94 317.47 314.56 314.57 313.13 305.95 316.23
319.39 306.64 306.11 316.83 311.77 325.42 324.86 309.55 315.96
J
J
ASO
ND
J
FMAM
10 Metro Atlanta Economic Indicators / July 2002
Georgia Department of Labor
Initial Unemployment Claims
25.8
2000-2001
2001-2002
THOUSANDS
21.0
Monthly Data
Seasonally Adjusted
16.2
Month
Jun Jul Aug
2000-2001
7,552 6,861 8,219
2001-2002
10,967 11,834 13,049
11.5
Sep
7,057
12,523
Oct
7,534
19,180
Nov
7,795
17,429
Dec
8,228
13,885
6.7
Jan
11,539
14,616
Feb
10,223
12,464
M ar
10,221
13,598
Apr
10,910
14,740
1.9
M ay
11,798
15,425
J
J
A
S
O
N
D
J
F
M
A
M
Continued Unemployment Claims
277.0
2000-2001
2001-2002
THOUSANDS
221.6
Monthly Data
Seasonally Adjusted
166.2
Month
2000-2001 2001-2002
Jun
56,248
109,620
Jul
61,750
124,874
110.8 55.4
Aug
59,873
123,371
Sep
59,470
131,061
Oct
73,196
190,425
Nov
59,977
164,254
Dec
61,431
189,033
Jan
78,839
166,026
Feb
80,310
181,110
M ar
76,932
168,001
Apr
110,332
219,796
0.0
M ay
104,108
177,935
J
J
A
SOND
J
F
M
A
M
Total Unemployment Rate
5.9
2000-2001
2001-2002
5.0
Monthly Data
Not Seasonally Adjusted
PERCENTAGES
Month
4.2 Jun
Jul
Aug
3.4
Sep
Oct
Nov
Dec
2.5
Jan
Feb
Mar
Apr
1.7
May
J
J
A
S
O
N
D
J
F
M
A
M
2000-2001
3.5 % 3.3 3.1 3.1 3.0 2.6 2.6 2.9 3.1 3.0 2.8 3.0
2001-2002
3.7 % 3.6 3.6 3.8 4.1 4.1 4.2 4.4 4.7 4.7 4.4 4.7
Georgia Department of Labor
Metro Atlanta Economic Indicators / July 2002 11
iInsured Unemployment Rate
2.6
2000-2001
2001-2002
2.1
Monthly Data
Seasonally Adjusted
Month 1.6
PERCENTAGES
Jun
Jul
Aug
1.1
Sep
Oct
Nov
Dec
0.6
Jan
Feb
M ar
Apr
0.0
M ay
J
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S
O
N
D
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M
A
M
MMARTA Passengers
2000-2001
0.65 % 0.66 0.68 0.68 0.68 0.69 0.78 0.82 0.88 0.93 1.02 1.13
2001-2002
1.23 % 1.35 1.44 1.68 1.75 2.01 1.99 2.00 2.02 2.06 2.07 2.00
7.7
2000-2001
2001-2002
7.1
Monthly Data
Seasonally Adjusted
MILLIONS
Month
2000-2001 2001-2002
6.5
Jun
7,043,000
6,512,000
Jul
6,032,000
5,481,000
Aug
6,681,000
6,196,000
5.9
Sep
6,565,000
5,994,000
Oct
6,566,000
6,043,000
Nov
6,505,000
5,916,000
Dec
6,126,000
5,760,000
5.4
Jan
6,600,000
5,645,000
Feb
6,228,000
5,621,000
M ar
6,378,000
5,408,000
Apr
6,335,000
5,861,000
4.8
M ay
6,572,000
5,784,000
J
J
A
S
O
N
D
J
F
M
A
M
Cobb Community Transit Passengers
223.9
2000-2001
2001-2002
197.2
Monthly Data
Seasonally Adjusted
THOUSANDS
170.5 143.9 117.2
90.6
Month
Jun Jul Aug Sep Oct Nov Dec Jan Feb M ar Apr M ay
2000-2001
125,437 126,747 136,845 132,248 138,910 137,090 123,707 141,285 130,075 174,076 147,888 168,529
2001-2002
177,233 176,523 189,661 173,058 187,596 193,266 172,187 186,592 170,281 165,386 172,867 168,728
J
J
AS
OND
J
FMAM
12 Metro Atlanta Economic Indicators / July 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
Jun
Jul
Aug
4.9
Sep
Oct
Nov
Dec
4.1
Jan
Feb
M ar
Apr
3.2
M ay
J
J
A
S
O
N
D
J
F
M
A
M
Nonresidential Construction
$731
2000-2001
2001-2002
2000-2001
5,465 5,312 5,211 5,066 4,282 5,083 5,011 5,949 6,144 5,089 5,201 5,799
2001-2002
6,447 5,390 5,358 4,915 4,939 4,686 4,826 5,226 5,070 5,286 5,787 6,360
MILLIONS
$587
Monthly Data
Seasonally Adjusted
$443
Month 2000-2001 2001-2002
$299 $154
$10
Jun Jul Aug Sep Oct Nov Dec Jan Feb M ar Apr M ay
$561,138,000 254,659,000 262,446,000 387,210,000 351,400,000 263,093,000 343,026,000 354,911,000 324,993,000 315,487,000 430,876,000 312,898,000
$299,961,000 351,753,000 306,256,000 326,715,000 347,295,000 450,041,000 186,475,000 332,767,000 347,867,000 170,535,000 314,321,000 221,446,000
J
J
A
S O ND
J
F
MAM
Deflated Nonresidential Construction
$407
2000-2001
2001-2002
$327
Monthly Data
Seasonally Adjusted
MILLIONS
$247
Month 2000-2001 2001-2002
Jun
$324,733,000 $168,517,000
Jul
147,372,000
198,171,000
$167
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
$86
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
Apr
243,570,000
174,817,000
$6
M ay
176,082,000
123,162,000
J
J
A
S O ND
J
F
MAM
Georgia Department of Labor
Metro Atlanta Economic Indicators / July 2002
13
Hotel Occupancy
75
2000-2001
2001-2002
69
Monthly Data
Seasonally Adjusted
PERCENTAGES
Month
2000-2001 2001-2002
63
Jun
67.60 %
65.04 %
Jul
68.51
61.16
Aug
66.95
63.66
56
Sep
67.40
51.34
Oct
65.82
58.12
Nov
64.76
55.98
Dec
60.70
55.29
50
Jan
65.05
59.85
Feb
64.85
59.54
M ar
66.92
61.04
Apr
63.47
61.54
44
M ay
64.03
57.71
J
J
A
S
O
N
D
J
F
M
A
M
Average Hotel Room Rates
$89
2000-2001
2001-2002
DOLLARS
$84
Monthly Data
Seasonally Adjusted
Month $80
Jun Jul
Aug
$76
Sep
Oct
Nov
Dec
$71
Jan
Feb
M ar
Apr
$67
M ay
J
J
A
SO
ND
J
F
MA M
Deflated Average Hotel Room Rates
$51
2000-2001
2001-2002
2000-2001 2001-2002
$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 77.18
$49
Monthly Data
Seasonally Adjusted
DOLLARS
Month $46
Jun
Jul
Aug
$43
Sep
Oct
Nov
Dec
$40
Jan
Feb
M ar
Apr
$37
M ay
J
J
A
S
O
N
D
J
F
M
A
M
2000-2001
$45.51 46.87 45.43 47.37 45.92 45.51 43.53 47.13 45.89 46.15 44.59 45.82
2001-2002
$45.66 43.60 44.78 40.39 44.18 42.11 41.61 43.93 42.56 45.51 43.96 42.93
14 Metro Atlanta Economic Indicators / July 2002
Georgia Department of Labor
Average 30-Year Fixed Mortgage Rate*
9.00
2000-2001
2001-2002
8.40
PERCENTAGES
7.80
7.20
6.60
6.00
J
J
A
S
O
N
D
Average 15-Year Fixed Mortgage Rate*
9.10
2000-2001
2001-2002
Monthly Data
Not Seasonally Adjusted
Month
Jun Jul Aug Sep Oct Nov Dec Jan Feb M ar Apr M ay
J
F
M
A
M
* Does not include points
2000-2001
8.26 % 8.16 8.04 7.95 7.81 7.79 7.45 7.17 7.13 7.02 7.11 7.22
2001-2002
7.22 % 7.18 7.01 6.82 6.62 6.72 7.17 7.03 6.85 7.00 6.96 6.77
8.34
PERCENTAGES
7.58
6.82
6.06
5.30
J
J
A
S
O
N
D
J
F
M
A
M
* Does not include points
Average One-Year Adjustable Mortgage Rate*
7.70
2000-2001
2001-2002
Monthly Data
Not Seasonally Adjusted
Month
2000-2001
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
M ay
6.70
2001-2002
6.77 % 6.73 6.53 6.35 6.15 6.24 6.65 6.52 6.37 6.55 6.49 6.29
6.96
Monthly Data
Not Seasonally Adjusted
PERCENTAGES
6.22 5.48 4.74 4.00
Month
Jun Jul Aug Sep Oct Nov Dec Jan Feb M ar Apr M ay
J
J
A
S
O
N
D
J
F
M
A
M
* Does not include points
2000-2001
7.22 % 7.26 7.35 7.34 7.14 7.06 6.92 6.50 6.22 6.00 5.83 5.79
2001-2002
5.71 % 5.67 5.57 5.38 5.05 5.05 5.26 4.99 4.84 4.98 4.92 4.67
Georgia Department of Labor
Metro Atlanta Economic Indicators / July 2002 15
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