Metro Atlanta economic indicators, monthly report, Vol. 5, no. 8 (Oct. 2002)

ATL A N TA

METROPOLITAN
Economic Indicators

A Monthly Report of Atlanta Labor Market and Economic Trends

October 2002

Volume 5, Issue 8

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 8 October 2002

August 2002 Data
Cover art: The Fox Theater, 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 / October 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 / October 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

61.7

62.5

63.6

66.9

68.5

70.5

76.4

78

80.3

87.2

88.2

89.3

92.8

92.9

96.5

97.9

98.7

100.2

102.6

103.2

104.1

107

107.6

108.8

111.7

111.1

112.2

115.5

119.1

124.9

130.8

135.5

138.6

142.2

146.7

150.3

154.7

158.3

159.5

160.8

162

161.9

164

164.8

167.4

169.8

170.9

175.3

176.6

177.8

176.1

178.6

179.1

Aug

Sep

Oct

Nov

Dec

Rate

64.7

65.9

65.9

7.7

71.9

73.2

74

12.3

81.7

83

85.7

15.8

91.6

93.3

93.6

9.2

98

98.8

98.2

4.9

100.8

100.9

101.9

3.8

104.8

105.4

105.5

3.5

109.9

110.4

111.2

5.4

112.4

112.7

113.5

2.1

117.5

3.5

121.7

3.6

127.3

4.6

132.6

4.2

136.2

2.7

138.5

1.7

144.7

4.5

146.7

1.4

151.5

3.3

157.2

3.8

159.5

1.5

161.9

162

161.6

1.4

165.9

166.5

167

3.3

172.1

171.9

171.9

2.9

176.9

176.7

174.8

1.7

179.7

Source: U.S. Bureau of Labor Statistics @ www.bls.gov

The CPI for Atlanta holds at 0.3 percent

The Consumer Price Index for All Urban Consumers (CPI-U) for Atlanta increased 0.3 percent in August, not seasonally adjusted, to a level of 179.7 (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 August, the CPI-U for Atlanta increased 1.6 percent.
Over the two months, higher costs for housing contributed to the increase in the all items index. Excluding food and energy, the index has increased 0.3 percent since June.
For the 12 months ending in August 2002, prices in Atlanta have increased 1.6 percent compared to the 2.8 percent annual increase recorded in August 2001. Excluding food and energy, the CPI-U for Atlanta has risen 1.8 percent since August 2001.

Following is the formula for figuring

Consumer Price Index changes from one

point in time to another.

Index point change

CPI Less previous index Equals index point change

112.5 108.5
4.0

Percentage change

Index point difference

4.0

Divide by the previous index 108.5

Equals

0.037

Results multiplied by 100 0.037x100

Equals percent change

3.7%

Housing costs rose 0.4 percent over the two months after registering a 1.1 percent increase in the May-June pricing period. Costs for shelter increased 0.5 percent while costs for fuels and utilities decreased 0.4 percent.

For the 12-months ending in August, housing costs increased 0.9 percent.
Apparel costs decreased 3.5 percent after declining 3.4 percent in the MayJune pricing period. Despite the latest decrease, apparel costs are 5.3 percent higher than a year ago.
Transportation costs increased 0.6 percent. Motor fuel, which had declined 2.2 percent in the May-June period, increased 2.0 percent in the two months ending in August. Over the past year, transportation costs in the Atlanta area have increased 2.7 percent, as costs for motor fuel rose 2.8 percent.
The medical care index increased 0.3 percent over the past two months. With the most recent increase, consumers' costs for medical care in the Atlanta area now stand 4.2 percent higher than they were in
August 2001.

Georgia Department of Labor

Metro Atlanta Economic Indicators / October 2002 3

A v erage wage in m et ro area A cco un t an t s an d audit o rs A ut o m ech an ics Bus driv ers Cash iers
Co m p ut er sy st em s an aly st s Co n st ruct io n in sp ect o rs Co rrect io n al o fficers E lect rical en gin eers E lect rician s Jan it o rs an d clean ers L awy er s N ursin g aides P ro duct io n h elp ers Recep t io n ist Regist ered n urses So c ia l wo r k e r s
Sup e r v iso r s, p o lic e a n d de t e c t iv e s T each ers, co llege
T each ers, ex cep t co llege W ait ers an d wait resses
Me tro p o lita n Atla n ta

N atio nal C o m p en satio n Su rvey Janu ary 2002
A tlanta, G eo rgia

$ 8 .3 5

$ 1 8 .9 6 $ 1 8 .5 0 $ 1 7 .2 0 $ 1 4 .2 2

$ 1 7 .4 5 $ 1 3 .7 1

$ 1 0 .4 5

$ 1 8 .1 0

$ 3 0 .8 3 $ 3 5 .5 0

$ 9 .2 1 $ 1 0 .9 6 $ 1 1 .0 6
$ 4 .8 5

$ 2 2 .0 2 $ 1 8 .7 2
$ 2 4 .1 0
$ 2 8 .9 4

$ 4 2 .9 5

M ean h o u rly earn in gs

$ 5 9 .6 9

Note: Data released October 8,2002 by BLS

Metro Atlanta's average wage closes in on the $19 mark

Workers in the Atlanta metropolitan area averaged $18.96 per hour during January 2002, according to a new survey released by the U.S. Department of Labor's Bureau of Labor Statistics (BLS).
White-collar workers averaged $22.91 per hour and accounted for 56 percent of the workers in the area. Blue-collar employees averaged $14.91 per hour and represented 27 percent of the workforce, while the remainder worked in service occupations and earned $11.88 per hour.
The National Compensation Survey (NCS) presents straight-time earnings for occupations in establishments employing 50 or more workers in private industry and state and local governments. This covered 335 firms representing 848,100 workers in the Atlanta metropolitan area. Seventy-nine percent of those represented worked in private industry.
In the Atlanta metro area, average

hourly wages were published for 102 detailed occupations. Among whitecollar workers, computer systems analysts and scientists averaged $30.83 per hour; registered nurses, $22.02 and construction inspectors, $17.45. Bluecollar occupations included automobile mechanics earning $17.20 per hour, bus drivers at $14.22, and production helpers at $10.96. In service occupations, correctional institution officers averaged $13.71 per hour; janitors and cleaners, $10.45; and nursing aides, orderlies and attendants, $9.21.
The NCS also provides broad coverage of selected occupational characteristics. For example, full-time employees in the Atlanta area average $19.45 per hour and part-timers earned $10.52. Union workers in blue-collar jobs averaged $17.77 per hour, while their nonunion couterparts made $14.16. Private industry workers at establishments employing 50-

4 Metro Atlanta Economic Indicators / October 2002

99 workers averaged $15.97 per hour, while those in establishments with 500 or more employees earned $21.61.
The NCS is part of a statistical program that will eventually integrate three separate surveys of wages and benefits into one comprehensive program increasing the amount of data available. Data provided by the NCS may be used by businesses for establishing pay plans, making decisions concerning plant relocation and collective bargaining negotiations. Indiviuals may use such data to help choose potential careers.
For complete copies of this survey please visit http://www.bls.gov/ro4news.htm o n t h e In t e r n e t o r r e q u e s t document 9430 on the Bureau's fax-on-demand service by dialing (404) 331-3403.
Georgia Department of Labor

Data Summary
August 2002 Data

Metro Atlanta Economic Indicators

Aug 2002

Jul 2002

Aug 2001

Percent Change Jul 2002
to Aug 2002

Percent Change Aug 2001
to Aug 2002

Nonagricultural Employment

2,125,029

Wholesale Employment

158,217

Retail Employment

382,883

Services Employment

680,360

Manufacturing Employment

207,940

Government Employment

271,987

Construction Employment

104,022

Transp. & Pub. Utilities Employment

179,645

Finance, Insurance & Realty Employment

138,637

Business Services Employment

209,569

Health Services Employment

135,690

Social Services Employment

35,977

Manufacturing Workweek

38.3

Manufacturing Earnings

$529.16

Deflated Manufacturing Earnings

$292.84

Initial Unemployment Claims

12,839

Continued Unemployment Claims

152,519

Total Unemployment Rate ( not seasonally adjusted ) 4.9%

Insured Unemployment Rate

1.75%

MARTA Passengers

NA

Cobb County Transit Passengers

185,072

Residential Construction (household units)

4,362

Nonresidential Construction (value)

$206,251,000

Deflated Nonresidential Construction

$114,140

Hotel Occupancy

60.1%

Average Hotel Room Rates

$76.25

Deflated Average Hotel Room Rate

$42.20

Average 30-Year Fixed Mortgage Rate

6.27%

Average 15-Year Fixed Mortgage Rate

5.58%

Average One-Year Adjustable Mortgage Rate

3.99%

Georgia Department of Labor

2,131,447 158,821 384,831 680,559 207,807 270,847 107,385 179,123 139,164 207,776 135,523 36,012 38.5 $550.87 $305.87 12,510 172,590 5.1% 1.85% NA 178,617 5,763
$292,381,000 $162,344 60.9% $76.33 $42.38 6.44% 5.94% 4.05%

2,187,626 167,889 396,531 685,960 210,224 268,116 122,476 193,229 142,019 222,957 129,892 32,100 39.6 $561.00 $316.06 13,049 123,371 3.6% 1.44%
6,196,000 189,661 5,358
$306,256,000 $172,539 63.7% $79.49 $44.78 7.01% 6.53% 5.57%

-0.30 -0.38 -0.51 -0.03 0.06 0.42 -3.13 0.29 -0.38 0.86 0.12 -0.10 -0.40 -3.94 -4.26 2.63 -11.63
NA 3.61 -24.32 -29.46 -29.69 -0.11 -0.44 -

-2.86 -5.76 -3.44 -0.82 -1.09 1.44 -15.07 -7.03 -2.38 -6.00 4.46 12.08 -3.27 -5.67 -7.35 -1.61 23.63
NA -2.42 -18.59 -32.65 -33.85 -4.07 -5.77 -

Metro Atlanta Economic Indicators / October 2002 5

Nonagricultural Employment

2.24

2000-2001

2001-2002

MILLIONS

2.21

2.18

2.15

2.12

2.09

S

O

N

D

J

F

M

A

M

J

Monthly Data
Seasonally Adjusted

Month 2000-2001 2001-2002

Sep Oct Nov Dec Jan Feb M ar Apr M ay Jun Jul Aug

J

A

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 2,144,392 2,140,818 2,131,447 2,125,029

Wholesale Employment

179.7 174.1

2000-2001

2001-2002

Monthly Data
Seasonally Adjusted

THOUSANDS

Month 2000-2001 2001-2002

168.6 Sep

Oct

Nov

163.1

Dec

Jan

Feb

M ar

157.6

Apr

M ay

Jun

Jul

152.1

Aug

S

O

N

D

J

F

M

A

M

J

J

A

170,937 170,371 169,345 169,761 170,504 169,542 169,720 169,364 168,736 169,520 170,210 167,889

168,089 168,062 167,416 162,368 163,076 160,916 158,105 159,949 159,030 158,037 158,821 158,217

Retail Employment
410.3 2000-2001

2001-2002

403.4

Monthly Data
Seasonally Adjusted

396.5

Month

2000-2001 2001-2002

THOUSANDS

Sep

Oct

Nov

389.5

Dec

Jan

Feb

M ar

382.6

Apr

M ay

Jun Jul

375.7

Aug

S

OND

J

F

MA M

J

J

A

392,803 394,699 398,257 398,610 398,320 398,616 400,920 401,984 401,803 401,290 396,967 396,531

395,769 395,528 394,349 395,442 386,814 383,758 385,735 390,801 386,119 382,918 384,831 382,883

6 Metro Atlanta Economic Indicators / October 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
Sep Oct Nov Dec Jan Feb M ar Apr M ay Jun Jul Aug

2000-2001
688,611 688,958 689,450 690,858 687,922 687,678 688,722 693,171 689,963 688,556 688,432 685,960

2001-2002
681,110 681,820 670,195 663,531 662,269 667,703 672,940 680,212 680,261 683,179 680,559 680,360

SOND

J

F

MA M

J

J

A

Manufacturing Employment

227.4

2000-2001

2001-2002

222.2

Monthly Data
Seasonally Adjusted

THOUSANDS

217.1

Month

2000-2001

2001-2002

211.9

Sep

220,284

210,013

Oct

219,354

210,737

Nov

218,679

207,678

Dec

218,388

208,484

Jan

215,961

212,496

206.8

Feb M ar Apr M ay Jun

216,332 215,752 213,394 211,695 211,596

212,370 207,679 210,328 212,331 211,911

201.6

Jul

210,996

207,807

Aug

210,224

207,940

SOND

J

F

MA M

J

J

A

Government Employment

284.0

2000-2001

2001-2002

THOUSANDS

279.0

Monthly Data
Seasonally Adjusted

274.0

Month 2000-2001

2001-2002

Sep

265,399

273,845

269.0 264.0

Oct Nov Dec Jan Feb M ar Apr M ay Jun

266,476 267,915 267,421 270,538 272,243 272,965 272,995 272,817 272,967

274,057 275,806 277,667 276,408 276,737 277,134 276,982 276,579 273,836

259.0

Jul

270,500

270,847

Aug

268,116

271,987

S

O

N

D

J

F

M

A

M

J

J

A

Georgia Department of Labor

Metro Atlanta Economic Indicators / October 2002 7

Construction Employment

129.1

2000-2001

2001-2002

THOUSANDS

122.8

Monthly Data
Seasonally Adjusted

116.5 110.2 103.9
97.5

Month
Sep Oct Nov Dec Jan Feb M ar Apr M ay Jun Jul Aug

2000-2001
120,157 119,460 119,207 119,098 119,720 120,093 120,265 122,183 121,631 122,045 120,752 122,476

2001-2002
121,443 123,625 118,467 114,719 114,884 115,255 112,918 113,142 111,847 111,814 107,385 104,022

S

O

N

D

J

F

M

A

M

J

J

A

Transportation and Public Utilities Employment

203.0

2000-2001

2001-2002

196.3

Monthly Data
Seasonally Adjusted

THOUSANDS

189.6

Month 2000-2001 2001-2002

182.9 176.2 169.5

Sep Oct Nov Dec Jan Feb M ar Apr M ay Jun Jul Aug

191,839 194,155 195,982 196,488 193,645 192,909 193,073 194,821 194,625 194,442 192,674 193,229

191,284 187,871 183,492 181,429 179,208 177,463 177,345 176,788 178,310 178,945 179,123 179,645

S

O

ND

J

F

MAM

J

J

A

Finance, Insurance and Realty Employment

145.9

2000-2001

2001-2002

144.1

Monthly Data
Seasonally Adjusted

THOUSANDS

142.3

Month 2000-2001 2001-2002

140.5 138.8 137.0

Sep Oct Nov Dec Jan Feb M ar Apr M ay Jun Jul Aug

140,117 140,662 140,820 141,060 141,392 141,711 142,343 143,418 143,536 143,978 142,551 142,019

141,658 142,105 141,056 140,207 140,850 142,382 142,397 140,331 139,531 140,070 139,164 138,637

S

O

ND

J

F

M

A

M

J

J

A

8 Metro Atlanta Economic Indicators / October 2002

Georgia Department of Labor

Business Services Employment
252.1

2000-2001

2001-2002

240.0

Monthly Data
Seasonally Adjusted

THOUSANDS

228.0

Month Sep

2000-2001
237,307

2001-2002
220,140

Oct

237,776

216,269

Nov

236,095

204,182

215.9 203.8

Dec Jan Feb M ar Apr M ay Jun

237,132 231,751 229,301 229,264 226,603 225,539 222,177

204,204 202,527 204,004 206,958 210,704 211,345 210,759

191.8

Jul

223,289

207,776

Aug

222,957

209,569

SO

ND

J

F

M

A

M

J

J

A

Health Services Employment

139.6

2000-2001

2001-2002

THOUSANDS

135.8

Monthly Data
Seasonally Adjusted

132.0

Month 2000-2001 2001-2002

Sep

125,420

130,478

Oct

126,221

132,458

128.2

Nov

126,427

131,142

Dec

126,414

131,098

Jan

125,934

130,877

Feb

126,943

133,077

124.4

M ar Apr M ay

127,363 128,711 129,493

132,974 134,092 133,191

Jun

130,653

134,828

Jul

130,221

135,523

120.6

Aug

129,892

135,690

SOND

J

F

MA

M

J

J

A

Social Services Employment

37.9

2000-2001

2001-2002

36.2

Monthly Data
Seasonally Adjusted

THOUSANDS

34.6 32.9 31.2 29.6

Month
Sep Oct Nov Dec Jan Feb M ar Apr M ay Jun Jul Aug

2000-2001
31,333 31,405 31,509 31,932 32,180 32,164 32,188 32,128 32,021 31,950 32,622 32,100

2001-2002
32,960 33,386 33,895 33,752 34,620 34,550 34,644 34,711 35,489 35,314 36,012 35,977

S

O

ND

J

F M AM J

J

A

Georgia Department of Labor

Metro Atlanta Economic Indicators / October 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
Sep Oct Nov Dec Jan Feb M ar Apr M ay Jun Jul Aug

S

O

N

D

J

F

M

A

M

J

J

A

Manufacturing Earnings

$619

2000-2001

2001-2002

2000-2001
38.8 39.9 39.3 39.0 39.1 38.9 38.9 38.4 39.6 40.1 38.8 39.6

2001-2002
39.8 38.6 38.9 38.9 38.9 39.3 40.3 39.2 39.1 40.6 38.5 38.3

DOLLARS

$596

Monthly Data
Seasonally Adjusted

$574

Month

2000-2001

2001-2002

$552 $529 $507

Sep Oct Nov Dec Jan Feb M ar Apr M ay Jun Jul Aug

$548.43 569.35 563.98 552.40 550.79 553.01 551.74 541.22 561.95 575.65 555.90 561.00

$569.47 544.90 543.04 559.84 552.14 578.59 580.85 556.57 561.44 593.45 550.87 529.16

SOND

J

F

MA M

J

J

A

Deflated Manufacturing Earnings

$345

2000-2001

2001-2002

$332

Monthly Data
Seasonally Adjusted

DOLLARS

$319

Month
Sep Oct Nov

2000-2001
$315.73 327.21 323.94

2001-2002
$319.39 306.64 306.11

$305 $292 $279

Dec Jan Feb M ar Apr M ay Jun Jul Aug

317.47 314.56 314.57 313.13 305.95 316.23 323.40 313.18 316.06

316.83 311.77 325.42 324.86 309.55 312.26 329.88 305.87 292.84

SO

ND

J

F

MAMJ

J

A

10 Metro Atlanta Economic Indicators / October 2002

Georgia Department of Labor

Initial Unemployment Claims

25.8

2000-2001

2001-2002

THOUSANDS

21.0

Monthly Data
Seasonally Adjusted

16.2

11.5

6.7

1.9

SO

ND

J

F

MA M J

Continued Unemployment Claims

277.0

2000-2001

2001-2002

Month

Sep Oct Nov Dec Jan Feb M ar Apr M ay Jun Jul Aug

J

A

2000-2001
7,057 7,534 7,795 8,228 11,539 10,223 10,221 10,910 11,798 10,967 11,834 13,049

2001-2002
12,523 19,180 17,429 13,885 14,616 12,464 13,598 14,740 15,425 13,081 12,510 12,839

THOUSANDS

221.6

Monthly Data
Seasonally Adjusted

166.2

Month

2000-2001 2001-2002

Sep

59,470

131,061

Oct

73,196

190,425

110.8 55.4

Nov Dec Jan Feb M ar Apr M ay

59,977 61,431 78,839 80,310 76,932 110,332 104,108

164,254 189,033 166,026 181,110 168,001 219,796 177,935

Jun

109,620

167,583

Jul

124,874

172,590

0.0

Aug

123,371

152,519

S

OND

J

F

MA M

J

J

A

Total Unemployment Rate

6.4

2000-2001

2001-2002

5.4

Monthly Data

Not Seasonally Adjusted

PERCENTAGES

Month

4.5 Sep

Oct

Nov

3.6

Dec

Jan

Feb

Mar

2.6

Apr

May

Jun

Jul

1.7

Aug

S

O

N

D

J

F

M

A

M

J

J

A

2000-2001
3.1 % 3.0 2.6 2.6 2.9 3.1 3.0 2.8 3.0 3.7 3.6 3.6

2001-2002
3.8 % 4.1 4.1 4.2 4.4 4.7 4.7 4.4 4.7 5.4 5.1 4.9

Georgia Department of Labor

Metro Atlanta Economic Indicators / October 2002

11

iInsured Unemployment Rate
2.6

2000-2001

2001-2002

2.1

PERCENTAGES

1.6

1.1

0.6

0.0

S

O

N

D

J

F

M

MMARTA Passengers

7.4

2000-2001

2001-2002

6.9

6.4

MILLIONS

5.8

5.3

4.8

S

O

N

D

J

F

M

Cobb Community Transit Passengers

223.9

2000-2001

2001-2002

197.2

170.5

THOUSANDS

143.9

117.2

90.6

SO

ND

J

F

M

12 Metro Atlanta Economic Indicators / October 2002

Monthly Data
Seasonally Adjusted

Month

Sep Oct Nov Dec Jan Feb M ar Apr M ay Jun Jul Aug

A

M

J

J

A

2000-2001
0.68 % 0.68 0.69 0.78 0.82 0.88 0.93 1.02 1.13 1.23 1.35 1.44

2001-2002
1.68 % 1.75 2.01 1.99 2.00 2.02 2.06 2.07 2.00 1.93 1.85 1.75

Monthly Data
Seasonally Adjusted

Month

2000-2001

Sep

Oct

Nov

Dec

Jan

Feb

M ar

Apr

M ay

current data not available

Jun

Jul

Aug

A

M

J

J

A

6,565,000 6,566,000 6,505,000 6,126,000 6,600,000 6,228,000 6,378,000 6,335,000 6,572,000 6,512,000 5,481,000 6,196,000

2001-2002
5,994,000 6,043,000 5,916,000 5,760,000 5,645,000 5,621,000 5,408,000 5,861,000 5,784,000
NA NA NA

AMJ

Monthly Data
Seasonally Adjusted

Month

2000-2001 2001-2002

Sep Oct Nov Dec Jan Feb M ar Apr M ay Jun Jul Aug

132,248 138,910 137,090 123,707 141,285 130,075 174,076 147,888 168,529 177,233 176,523 189,661

173,058 187,596 193,266 172,187 186,592 170,281 165,386 172,867 168,728 164,431 178,617 185,072

J

A

Georgia Department of Labor

Residential Construction
7.5 2000-2001

2001-2002

6.6

Monthly Data

Seasonally Adjusted

HOUSEHOLD UNITS ( THOUSANDS )

Month

5.8

Sep

Oct

Nov

4.9

Dec

Jan

Feb

M ar

4.1

Apr

M ay

Jun

Jul

3.2

Aug

S

O

N

D

J

F

M

A

M

J

J

A

Nonresidential Construction

$645

2000-2001

2001-2002

2000-2001
5,066 4,282 5,083 5,011 5,949 6,144 5,089 5,201 5,799 6,447 5,390 5,358

2001-2002
4,915 4,939 4,686 4,826 5,226 5,070 5,286 5,787 6,360 5,816 5,763 4,362

MILLIONS

$518

Monthly Data
Seasonally Adjusted

$391

Month 2000-2001 2001-2002

$264 $137
$10

Sep Oct Nov Dec Jan Feb M ar Apr M ay Jun Jul Aug

$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

$326,715,000 347,295,000 450,041,000 186,475,000 332,767,000 347,867,000 170,535,000 314,321,000 221,446,000 354,182,000 292,381,000 206,251,000

SOND

J

F

MAM

J

J

A

Deflated Nonresidential Construction

$360

2000-2001

2001-2002

$289

Monthly Data
Seasonally Adjusted

MILLIONS

$218

Month 2000-2001 2001-2002

Sep

$222,919,000 $183,239,000

Oct

201,954,000

195,439,000

$148

Nov

151,116,000

253,687,000

Dec

197,141,000

105,532,000

Jan

202,690,000

187,898,000

Feb

184,865,000

195,651,000

$77

M ar Apr M ay

179,051,000 243,570,000 176,082,000

95,378,000 174,817,000 123,162,000

Jun

168,517,000

196,877,000

Jul

198,171,000

162,344,000

$6

Aug

172,539,000

114,140,000

SO

ND

J

F

MAM J

J

A

Georgia Department of Labor

Metro Atlanta Economic Indicators / October 2002

13

Hotel Occupancy
75
2000-2001

2001-2002

69

Monthly Data

Seasonally Adjusted

PERCENTAGES

Month

2000-2001 2001-2002

63

Sep

67.40 %

51.34 %

Oct

65.82

58.12

Nov

64.76

55.98

56

Dec

60.70

55.29

Jan

65.05

59.85

Feb

64.85

59.54

M ar

66.92

61.04

50

Apr

63.47

61.54

M ay

64.03

57.71

Jun

65.04

58.23

Jul

61.16

60.92

44

Aug

63.66

60.08

S

O

N

D

J

F

M

A

M

J

J

A

Average Hotel Room Rates

$89

2000-2001

2001-2002

DOLLARS

$84

Monthly Data

Seasonally Adjusted

Month $80

Sep Oct

Nov

$76

Dec

Jan

Feb

M ar

$71

Apr

M ay

Jun

Jul

$67

Aug

S

OND

J

FMAM

J

J

A

Deflated Average Hotel Room Rates

$51

2000-2001

2001-2002

2000-2001 2001-2002

$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 77.34 76.33 76.25

$49

Monthly Data

Seasonally Adjusted

DOLLARS

Month $46

Sep

Oct

Nov

$43

Dec

Jan

Feb

M ar

$40

Apr

M ay

Jun

Jul

$37

Aug

S

O

N

D

J

F

M

A

M

J

J

A

2000-2001
$47.37 45.92 45.51 43.53 47.13 45.89 46.15 44.59 45.82 45.66 43.60 44.78

2001-2002
$40.39 44.18 42.11 41.61 43.93 42.56 45.51 43.96 42.93 42.99 42.38 42.20

14 Metro Atlanta Economic Indicators / October 2002

Georgia Department of Labor

Average 30-Year Fixed Mortgage Rate*
8.92

2000-2001

2001-2002

8.24

PERCENTAGES

7.56

6.88

6.20

5.52

S

O

N

D

J

F

M

Average 15-Year Fixed Mortgage Rate*

8.65

2000-2001

2001-2002

Monthly Data
Not Seasonally Adjusted

Month
Sep Oct Nov Dec Jan Feb M ar Apr M ay Jun Jul Aug

A

M

J

J

A

* Does not include points

2000-2001
7.95 % 7.81 7.79 7.45 7.17 7.13 7.02 7.11 7.22 7.22 7.18 7.01

2001-2002
6.82 % 6.62 6.72 7.17 7.03 6.85 7.00 6.96 6.77 6.60 6.44 6.27

7.84

PERCENTAGES

7.03

6.22

5.41

4.60

S

O

N

D

J

F

M

A

M

J

J

A

* Does not include points
Average One-Year Adjustable Mortgage Rate*

8.61

2000-2001

2001-2002

Monthly Data
Not Seasonally Adjusted

Month

2000-2001

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

Jun

6.77

Jul

6.73

Aug

6.53

2001-2002
6.35 % 6.15 6.24 6.65 6.52 6.37 6.55 6.49 6.29 6.11 5.94 5.58

7.43

Monthly Data
Not Seasonally Adjusted

PERCENTAGES

6.25 5.07 3.89 2.71

Month
Sep Oct Nov Dec Jan Feb M ar Apr M ay Jun Jul Aug

S

O

N

D

J

F

M

A

M

J

J

A

* Does not include points

2000-2001
7.34 % 7.14 7.06 6.92 6.50 6.22 6.00 5.83 5.79 5.71 5.67 5.57

2001-2002
5.38 % 5.05 5.05 5.26 4.99 4.84 4.98 4.92 4.67 4.29 4.05 3.99

Georgia Department of Labor

Metro Atlanta Economic Indicators / October 2002 15

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