Georgia economic indicators, monthly report [Vol. 6, no. 11 (Jan. 2001)]

GEORGIA

Economic

Indicators

A Monthly Report of Georgia State Labor Market and Economic Trends

January 2001

Volume 6, Issue 11

Georgia Department of Labor
Michael L. Thurmond Commissioner

Georgia Economic Indicators
Monthly Report November 2000 Data
Volume 6, Issue 11 January 2001

Cover art: The Big Oak, Thomasville - Huey J. Theus, Mableton, Georgia

Georgia Economic Indicators, Monthly Report, is published by Workforce Information and Analysis, a division of the Georgia Department of Labor, 148 International Boulevard, Atlanta, Georgia 303031751. The telephone number is (404) 656-3177.
Visit the Georgia Department of Labor web site at www.dol.state.ga.us

Georgia Department of Labor
Michael L. Thurmond, Commissioner

Equal Opportunity Employer/Programs - Auxiliary Aids and Services Available Upon Request to Individuals With Disabilities

Georgia Department of Labor

Georgia Economic Indicators / January 2001 1

Introduction

G eorgia Economic Indicators, Monthly Report, is designed to provide in a single publication data on a
number of indicators used to measure movement of the state's economy.
The indicators have been collected and disseminated for many years by state and federal governments and private agencies, but not under a single cover. Contributing agencies include Georgia's Department of Labor, Department of Revenue and Office of Secretary of State, the U.S. Bureau of the Census, U.S. Bureau of Labor Statistics and the F.W. Dodge Company.
All data except those contained in the U.S. Consumer Price Index chart on Page 3 are seasonally adjusted using the X11 ARIMA method. They are presented in graphic and tabular form along with an analysis. Each series shows movement over a 24-month period. Where appropriate, companion graphs and tables show data which 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.
Historical tables and graphs are included in a supplementary Georgia Economic Indicators, Historical Series, published annually in February.
The purpose of the publications is to serve the business and professional communities, economic developers, economists, educators and others who have need for information on state economic trends.
Workforce Information and Analysis welcomes comments, suggestions or questions concerning Georgia Economic Indicators, Monthly Report and Georgia Economic Indicators, Historical Series. Please address correspondence to Stephen Matta, Workforce Information and Analysis, Georgia Department of Labor, 148 International Boulevard, Atlanta, Georgia 30303-1751. The telephone number is (404) 656-3177.

Data Sources

Georgia Indexes of Leading and Coincident Economic Indicators*, Initial Unemployment Claims, Continuing Unemployment Claims, Insured Unemployment Rate, Nonagricultural Employment, Nonagricultural Job Openings Unfilled, Weekly Manufacturing Earnings, Retail Employment, Manufacturing Employment and Manufacturing Workweek -- Georgia Department of Labor
Seasonally Adjusted Unemployment Rate and United States Labor Force Estimates -- U.S. Bureau of Labor Statistics
New Motor Vehicles, State Sales and Use Tax Collections and Total Revenue Collections -- Georgia Department of Revenue
New Business Corporations -- Georgia Secretary of State
Residential Construction and Construction Price Index -- U.S. Department of Commerce
Nonresidential Construction -- F.W. Dodge, McGraw-Hill Construction Information Group
* Model for Georgia Indexes of Leading and Coincident Economic Indicators developed by Georgia State University's Economic Forecasting Center

2 Georgia Economic Indicators / January 2001

Georgia Department of Labor

Consumer Price Index

YEAR 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

JAN
58.5 62.5 68.3 77.8 87.0 94.3 97.8 101.9 105.5 109.6 111.2 115.7 121.1 127.4 134.6 138.1 142.6 146.2 150.3 154.4 159.1 161.6 164.3 168.7

FEB
59.1 62.9 69.1 78.9 87.9 94.6 97.9 102.4 106.0 109.3 111.6 116.0 121.6 128.0 134.8 138.6 143.1 146.7 150.9 154.9 159.6 161.9 164.5 169.7

MAR
59.5 63.4 69.8 80.1 88.5 94.5 97.9 102.6 106.4 108.8 112.1 116.5 122.3 128.7 135.0 139.3 143.6 147.2 151.4 155.7 160.0 162.2 165.0 171.1

APR MAY
60.0 60.3 63.9 64.5 70.6 71.5 81.0 81.8 89.1 89.8 94.9 95.8 98.6 99.2 103.1 103.4 106.9 107.3 108.6 108.9 112.7 113.1 117.1 117.5 123.1 123.8 128.9 129.2 135.2 135.6 139.5 139.7 144.0 144.2 147.4 147.5 151.9 152.2 156.3 156.6 160.2 160.1 162.5 162.8 166.2 166.2 171.2 171.3

JUN
60.7 65.2 72.3 82.7 90.6 97.0 99.5 103.7 107.6 109.5 113.5 118.0 124.1 129.9 136.0 140.2 144.4 148.0 152.5 156.7 160.3 163.0 166.2 172.3

JUL
61.0 65.7 73.1 82.7 91.6 97.5 99.9 104.1 107.0 109.5 113.8 118.5 124.4 130.4 136.2 140.5 144.4 148.4 152.5 157.0 160.5 163.2 166.7 172.6

AUG
61.2 66.0 73.8 88.3 92.3 97.7 100.2 104.5 108.0 109.7 114.4 119.0 124.6 131.6 136.6 140.9 144.8 149.0 152.9 157.3 160.8 163.4 167.1 172.8

SEP
61.4 66.5 74.6 84.0 93.2 97.9 100.7 105.0 108.3 110.2 115.0 119.8 125.0 132.7 137.2 141.3 145.1 149.4 153.2 157.8 161.2 163.6 167.9 173.7

OCT
61.6 67.1 75.2 84.8 93.4 98.2 101.0 105.3 108.7 110.3 115.3 120.2 125.0 133.5 137.4 141.9 145.7 149.5 153.7 158.3 161.6 164.0 168.2 174.0

Chart is not seasonally adjusted

NOV
61.9 67.4

DEC
62.1 67.7

AVG
60.6 65.2

CPI RATE
6.7% 9.0%

75.9 76.7

72.6 13.3%

85.5 86.3

82.4 12.5%

93.7 94.0

90.9

8.9%

98.0 97.6

96.5

3.8%

101.2 101.3 99.6

3.8%

105.3 105.3 103.9 3.9%

109.0 109.3 107.6 3.8%

110.4 110.5 109.6 1.1%

115.4 115.4 113.6 4.4%

120.3 120.5 118.3 4.4%

125.9 126.1 124.0 4.6%

133.8 133.8 130.7 6.1%

137.8 137.9 136.2 3.1%

142.0 141.9 140.3 2.9%

145.8 145.8 149.7 149.7

144.5 148.2

2.7% 2.7%

153.6 153.5 152.4 2.5%

158.6 158.6 156.9 3.3%

161.5 161.3 164.0 163.9

160.5 163.0

1.7% 1.6%

168.3 168.3 166.6 2.7%

174.1

U.S. BUREAU OF LABOR STATISTICS

Consumer Prices Increase 0.1 Percent in November

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent in November, before seasonal adjustment, to a level of 174.1 as reported by the Bureau of Labor Statistics of the U.S. Department of Labor.
For the 12-month period ending in November, the CPI-U increased 3.4 percent. The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) rose 0.2 percent in November, prior to seasonal adjustment. The monthly index of 170.9 was 3.5 percent higher than the index in November 1999.
The core inflation rate, as measured by the index of all items less food and energy, increased 0.3 percent in November, following a 0.2 percent increase in October. The November up turn was fueled by an increase in tobacco prices.
On a seasonally adjusted basis, the CPI-U rose 0.2 percent in November, the same as in October. The food index, which rose 0.1 percent in October, was unchanged in November.

The Formula
Following is the formula for figuring Consumer Price Index percentage 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

Percent change

Index point difference Divided by the previous index Equals Results multiplied by 100 Equals percent change

4.0 108.5 0.037 0.037 x 100 3.7%

The energy index increased 0.1 percent in November, following a 0.2 percent rise in October. In November, the index for petroleumbased energy increased 0.2 percent, while the index for energy services declined 0.1 percent.
The food and beverages index increased 0.1 percent in November,

the same as in each of the preceding two months. The index for food at home declined 0.1 percent in November. The index for meats, poultry, fish, and eggs declined 1.0 percent in November.
The housing index increased 0.2 percent in November, following a 0.5 percent rise in October. The index for fuels and utilities, which advanced 1.3 percent in October, rose 0.1 percent in November. In November, the indexes for fuel oil and for electricity increased 0.1 and 0.2 percent, respectively, while the index for natural gas declined 0.7 percent. During the past 12 months, prices for fuel oil have increased 45.2 percent and charges for natural gas 25.6 percent. Charges for electricity have risen 2.3 percent.
Transportation costs increased 0.3 percent in November, while apparel declined 0.4 percent. Medical costs rose 0.2 percent for the month.
During the first 11 months of 2000, the CPI-U rose at a rate of 3.5 percent after seasonal adjustment.

Georgia Department of Labor

Georgia Economic Indicators / January 2001 3

Georgia Index of Economic Indicators
197.0
Leading indicators Coincident indicators
167.8

138.6

109.4

80.2

1987-88 = 100

51.0 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01

Leading Index increased 0.2 percent during November

Note: All indicators are seasonally adjusted.

***
The Georgia Department of Labor's Index of Leading Economic Indicators increased 0.2 percent in November to 164.8 from a revised 164.5, after seasonal adjustment. Since December, the Index has grown 1.6 percent and the growth from November of 1999 was 0.5 percent.
State revenues declined by a seasonally adjusted 3.5 percent in November after inflation adjustment. Total nonagricultural payroll employment was unchanged, for a third month of minimal growth. A 0.7 decline in manufacturing employment offset the 0.4 percent increase in retail employment for the month. The number of unfilled job openings

Recent 12 Months
68.4 Leading Coincident
66.0
63.5
61.0
58.6 1993 = 100
56.1
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.

4 Georgia Economic Indicators / January 2001

declined 3.75 percent during November.
The Index of Coincident Indicators was down by 0.1 percent in November. The index, at 164.9 from a revised 165.1, has grown 3.6 percent year to date and 3.5 percent since October of 1999.
Heaviest declines in the state economy can be seen in construction. Employment in that sector was off by 1.0 percent during November. While residential construction is showing modest growth, the value of nonresidential construction projects was down 28.8 percent, on a seasonally adjusted basis.
Georgia Department of Labor

Data Summary

November 2000

Georgia Economic Indicators

Seasonally Adjusted

Nov 2000

Oct 2000

Nov 1999

Percent Change Oct 2000
to Nov 2000

Percent Change Nov 1999
to Nov 2000

Nonagricultural Employment Retail Employment Manufacturing Employment

4,009,000 756,400 598,700

4,010,000 753,300 603,100

3,951,000 726,300 601,900

Manufacturing Workweek

40.9

41.4

42.1

Weekly Manufacturing Earnings

$539.66

$542.92

$538.35

Deflated Manufacturing Earnings

$309.97

$312.02

$319.88

Nonagricultural Job Openings Unfilled

13,029

13,536

18,412

Initial Unemployment Claims Continued Unemployment Claims

39,869 158,489

38,524 153,481

31,206 151,697

Unemployment Rate

3.7%

3.7%

3.7%

Insured Unemployment Rate

0.95%

0.95%

0.88%

New Motor Vehicle Sales Residential Construction (building permits)

47,461 7,656

46,558 7,309

58,609 7,708

Nonresidential Construction (dollar value) $380,900,000 $534,900,000 $409,000,000

Deflated Nonresidential Construction

$328,100,000 $461,900,000 $365,500,000

New Business Corporations

4,906

4,827

4,617

Total State Revenues

$1,138,778,000 $1,179,420,000 $1,099,511,000

Deflated Total State Revenues

$654,094,199,000 $677,827,586,000 $653,304,219,000

-0.02 0.41 -0.73 -1.21 -0.60 -0.66 -3.75 3.49 3.26
1.94 4.75 -28.79 -28.97 1.64 -3.45 -3.50

1.47 4.14 -0.53 -2.85 0.24 -3.10 -29.24 27.76 4.48 -19.02 -0.67 -6.87 -10.23 6.26 3.57 0.12

Georgia Department of Labor

Georgia Economic Indicators / January 2001 5

Georgia Economic Indicators
Nonagricultural Employment
4.12 1998-99 1999-2000
4.03

MILLIONS

3.94

3.86

3.77

3.69

D

J

F

M

A

M

J

J

A

S

O

N

Monthly Data
Seasonally Adjusted

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

1998-99 3,795,000 3,811,000 3,828,000 3,843,000 3,863,000 3,873,000 3,886,000 3,905,000 3,914,000 3,921,000 3,940,000 3,951,000

1999-2000 3,963,000 3,976,000 3,983,000 3,990,000 3,994,000 3,996,000 4,001,000 4,009,000 4,008,000 4,008,000 4,010,000 4,009,000

Retail Employment

781.9

1998-99 1999-2000

757.5

733.1

THOUSANDS

708.7

684.3

660.0

D

J

F

M

A

M

J

J

A

S

O

N

Monthly Data
Seasonally Adjusted

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

1998-99
686,300 688,700 692,800 693,600 698,400 702,700 707,000 713,300 716,300 720,100 725,700 726,300

1999-2000
729,900 735,300 739,000 742,100 743,300 744,200 743,700 747,500 747,000 750,600 753,300 756,400

Manufacturing Employment

612

1998-99

1999-2000

608

604

THOUSANDS

600

596

592

D

J

F

M

A

M

J

J

A

S

O

N

6 Georgia Economic Indicators / January 2001

Monthly Data
Seasonally Adjusted

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

1998-99
599,300 597,000 597,400 597,900 598,700 598,400 599,300 598,400 600,300 599,700 600,400 601,900

1999-2000
603,200 605,000 606,900 605,200 606,400 605,700 604,100 604,900 602,500 602,700 603,100 598,700

Georgia Department of Labor

Georgia Economic Indicators
Manufacturing Workweek
42.5 1998-99 1999-2000
42.1

41.7

HOURS

41.3

40.9

40.4

D

J

F

M

A

M

J

J

A

S

O

N

Monthly Data
Seasonally Adjusted

Month 1998-99

Dec

41.6

Jan

41.7

Feb

41.4

Mar

41.7

Apr

41.8

May

41.8

Jun

42.0

Jul

41.8

Aug

41.7

Sep

41.4

Oct

41.6

Nov

42.1

1999-2000
42.0 41.9 41.9 41.4 41.6 41.4 41.1 41.3 41.4 41.1 41.4 40.9

Average Weekly Manufacturing Earnings

$560

1998-99 1999-2000

$545

DOLLARS

$530

$515

$501

$486

D

J

F

M

A

M

J

J

A

S

O

N

Monthly Data
Seasonally Adjusted

Month
Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov

1998-99
$504.89 507.93 506.38 513.36 518.48 525.56 525.42 520.33 524.96 525.62 526.82 538.35

1999-2000
$ 537.22 537.62 537.59 531.94 538.92 532.25 528.84 535.65 540.53 537.35 542.92 539.66

Deflated Average Weekly Manufacturing Earnings

DOLLARS

$327 $322

1998-99

1999-2000

Monthly Data
Seasonally Adjusted
Month 1998-99

1999-2000

Dec

$317

Jan

Feb

Mar

Apr
$311
May

Jun

Jul

$306

Aug

Sep

Oct

$301

Nov

D

J

F

M

A

M

J

J

A

S

O

N

$ 308.05 309.15 307.83 311.13 311.96 316.22 316.14 312.14 314.16 313.06 313.21 319.88

$ 319.20 318.68 316.79 310.89 314.79 310.71 306.93 310.34 312.81 309.36 312.02 309.97

Georgia Department of Labor

Georgia Economic Indicators / January 2001 7

Georgia Economic Indicators

Nonagricultural Job Openings Unfilled*

22.6

1998-99

1999-2000

20.1

THOUSANDS

17.6

15.1

12.6

10.2

D

J

F

M

A

M

J

J

A

S

O

N

* Jobs listed with Georgia Department of Labor

Monthly Data
Seasonally Adjusted

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

1998-99
16,622 15,361 16,894 17,914 17,978 15,353 15,014 15,771 16,735 16,986 16,769 18,412

1999-2000
19,715 17,769 18,363 18,416 17,950 17,503 16,332 15,974 15,355 13,968 13,536 13,029

Initial Unemployment Claims

45.6

1998-99

1999-2000

40.7

THOUSANDS

35.9

31.0

26.2

21.3

D

J

F

M

A

M

J

J

A

S

O

N

Monthly Data
Seasonally Adjusted

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

1998-99
36,613 33,645 31,458 32,184 32,518 28,275 30,105 30,440 32,054 31,281 27,903 31,206

1999-2000
29,781 26,474 27,770 27,562 27,500 32,622 30,422 30,849 35,062 36,058 38,524 39,869

Continued Unemployment Claims

177.0

1998-99

1999-2000

163.0

THOUSANDS

149.0

135.0

120.9

106.9

D

J

F

M

A

M

J

J

A

S

O

N

8 Georgia Economic Indicators / January 2001

Monthly Data
Seasonally Adjusted

Month
Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov

1998-99
130,738 128,130 137,710 143,521 143,124 140,371 152,701 132,096 151,927 143,437 141,632 151,697

1999-2000
132,732 142,189 134,371 123,261 134,610 139,277 131,817 155,825 141,718 158,601 153,481 158,489

Georgia Department of Labor

Georgia Economic Indicators

Unemployment Rate

4.8

1998-99

1999-2000

4.3

PERCENTAGES

3.8

3.3

2.8

2.3

D

J

F

M

A

M

J

J

A

S

O

N

Monthly Data
Seasonally Adjusted

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

1998-99 1999-2000

3.9 % 3.8 4.1 4.2 3.7 3.7 3.6 3.7 4.1 4.1 3.9 3.7

3.5% 3.6 3.5 3.4 3.1 3.3 4.1 3.8 4.0 3.8 3.7 3.7

Insured Unemployment Rate
1.01 1998-99 1999-2000
0.96

PERCENTAGES

0.91

0.86

0.81

0.76

D

J

F

M

A

M

J

J

A

S

O

N

Monthly Data
Seasonally Adjusted

Month
Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov

1998-99
0.87 % 0.93 0.88 0.89 0.87 0.90 0.91 0.91 0.91 0.89 0.89 0.88

1999-2000
0.87 % 0.82 0.82 0.84 0.88 0.88 0.92 0.90 0.95 0.93 0.95 0.95

New Motor Vehicle Sales

THOUSANDS

66

1998-99

1999-2000

59

51

43

36

28

D

J

F

M

A

M

J

J

A

S

O

N

Monthly Data
Seasonally Adjusted

Month Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov

1998-99 46,544 50,775 48,397 45,921 36,608 40,696 53,122 41,584 44,575 43,286 44,742 48,609

1999-2000 49,772 50,621 56,157 53,769 48,034 50,406 45,692 42,721 51,725 46,998 46,558 47,461

Georgia Department of Labor

Georgia Economic Indicators / January 2001 9

Georgia Economic Indicators

Residential Construction

8,803

1998-99

1999-2000

8,337

HOUSEHOLD UNITS

7,871

7,405

6,939

6,473

D

J

F

M

A

M

J

J

A

S

O

N

Monthly Data
Seasonally Adjusted

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

1998-99
8,210 7,084 7,450 7,238 7,506 7,257 7,256 7,003 7,389 7,400 7,498 7,708

1999-2000
7,659 8,220 8,002 7,739 7,563 7,897 7,848 7,858 7,168 7,521 7,309 7,656

Nonresidential Construction

$682

1998-99

1999-2000

$604

$526

MILLIONS

$448

$370

$292

D

J

F

M

A

M

J

J

A

S

O

N

Deflated Nonresidential Construction

$598

1998-99

1999-2000

$527

$457

MILLIONS

$386

$316

$245

D

J

F

M

A

M

J

J

A

S

O

N

10 Georgia Economic Indicators / January 2001

Monthly Data
Seasonally Adjusted

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

1998-99
$ 474,900,000 530,300,000 496,700,000 507,400,000 528,700,000 448,700,000 484,300,000 548,300,000 522,700,000 494,500,000 386,300,000 409,000,000

1999-2000
$ 475,200,000 478,300,000 452,500,000 557,500,000 494,600,000 506,900,000 583,900,000 409,300,000 392,200,000 532,700,000 534,900,000 380,900,000

Monthly Data
Seasonally Adjusted

Month
Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov

1998-99
$ 440,100,000 488,800,000 457,400,000 465,900,000 483,700,000 408,700,000 438,700,000 495,800,000 471,800,000 445,900,000 346,800,000 365,500,000

1999-2000
$ 423,200,000 424,000,000 400,100,000 492,100,000 434,200,000 443,900,000 510,000,000 356,200,000 341,000,000 461,600,000 461,900,000 328,100,000

Georgia Department of Labor

Georgia Economic Indicators

New Business Corporations*

5,663

1998-99

1999-2000

5,153

CHARTERS

4,642

4,132

3,621

3,111

D

J

F

M

A

M

J

J

A

S

O

N

* Includes limited liability companies

Total State Revenues

$1,260

1998-99

1999-2000

$1,193

$1,126

MILLIONS

$1,060

$993

$926

D

J

F

M

A

M

J

J

A

S

O

N

Monthly Data
Seasonally Adjusted

Month
D ec J an F eb M ar Apr M ay Jun Jul Aug Sep O ct Nov

1998-99
3,848 3,667 4,006 4,171 4,526 3,824 4,304 4,372 4,227 4,686 4,236 4,617

1999-2000
4,807 4,631 4,516 4,574 4,272 5,052 4,624 4,310 4,948 4,377 4,827 4,906

Monthly Data
Seasonally Adjusted

Month
D ec J an F eb M ar Apr M ay Jun Jul Aug Sep O ct Nov

1998-99
$1,002,543,000 1,047,525,000 1,000,693,000 1,013,750,000 1,016,715,000 1,055,453,000 1,028,620,000 1,030,058,000 1,049,339,000 1,056,970,000 1,069,517,000 1,099,511,000

1999-2000
$1,038,990,000 1,061,517,000 1,052,836,000 1,054,028,000 1,068,331,000 1,089,652,000 1,096,281,000 1,134,310,000 1,155,444,000 1,124,485,000 1,179,420,000 1,138,778,000

Deflated Total State Revenues

$713

1998-99

1999-2000

Monthly Averages
Seasonally Adjusted

MILLIONS

$685

$657

$629

$601

$573

D

J

F

M

A

M

J

J

A

S

O

N

Month

1998-99

1999-2000

Dec $ 611,679,683,000 $617,344,029,000

Jan

637,568,472,000 629,233,551,000

Feb

608,324,012,000 620,410,136,000

M ar

614,393,939,000 616,030,392,000

Apr

611,741,877,000 624,025,117,000

May 635,049,940,000 636,107,414,000

Jun

618,904,934,000 636,262,914,000

Jul

617,911,218,000 657,190,035,000

Aug

627,970,676,000 668,659,722,000

Sep

629,523,526,000 647,371,906,000

Oct

635,860,285,000 677,827,586,000

Nov

653,304,219,000 654,094,199,000

Georgia Department of Labor

Georgia Economic Indicators / January 2001 11

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