Georgia economic indicators, monthly report [Vol. 6, no. 12 (Feb. 2001)]

GEORGIA

Economic

Indicators

A Monthly Report of Georgia State Labor Market and Economic Trends

.A>HK=HO

Volume 6, Issue 12

Georgia Department of Labor
Michael L. Thurmond Commissioner

Georgia Economic Indicators
Monthly Report December 2000 Data
Volume 6, Issue 11 February 2001

Cover art: Stephens County Courthouse - 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 / February 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 / February 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 DEC
61.9 62.1

AVG
60.6

CPI RATE
6.7%

67.4 67.7

65.2

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%

98.0 101.2 105.3 109.0 110.4

97.6 101.3 105.3 109.3 110.5

96.5 99.6 103.9 107.6 109.6

3.8% 3.8% 3.9% 3.8% 1.1%

115.4 115.4 113.6 4.4%

120.3 120.5 118.3 4.4%

125.9 126.1 133.8 133.8

124.0 130.7

4.6% 6.1%

137.8 142.0 145.8 149.7

137.9 141.9 145.8 149.7

136.2 140.3 144.5 148.2

3.1% 2.9% 2.7% 2.7%

153.6 153.5 152.4 2.5%

158.6 158.6 156.9 3.3%

161.5 161.3 160.5 1.7%

164.0 163.9 163.0 1.6%

168.3 168.3 166.6 2.7%

174.1 174.0 172.1 3.4%

U.S. BUREAU OF LABOR STATISTICS

Consumer Prices Declined 0.1 Percent in December

The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent in December, before seasonal adjustment, to a level of 174.0, as reported by the Bureau of Labor Statistics of the U.S. Department of Labor.
For the 12-month period ending in December, the CPI-U increased 3.4 percent. The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) also declined 0.1 percent in December, prior to seasonal adjustment. The December level of 170.7 was 3.4 percent higher than the index in December 1999.
The core inflation rate, as measured by the index of all items less food and energy, increased 0.1 percent in December, following a 0.3 percent increase in November. A sharp downturn in the tobacco index and a smaller increase in shelter costs were responsible for the smaller advance in December than in November.
On a seasonally adjusted basis, the CPI-U rose 0.2 percent in December, the same as in each of the preceding

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%

two months. The food index advanced 0.5 percent in December, following a 0.1 percent increase in October and no change in November. The energy index rose 0.2 percent in December, following increases of 0.2 and 0.1 percent in October and November, respectively. In December, the index for petroleum-based energy declined 1.4 percent, while the index for energy

services advanced 1.8 percent. Excluding food and energy, the CPI-U rose 0.1 percent in December after advancing 0.2 percent in October and 0.3 percent in November.
Consumer prices rose at a seasonally adjusted annual rate (SAAR) of 2.1 percent in the fourth quarter. This followed increases in the first three quarters at rates of 6.1, 2.6, and 2.8 percent, respectively.
Each of the three special index groups--food, energy, and all items less food and energy--contributed to the acceleration in 2000. The energy index, which had turned up sharply in 1999 after declining in 1998, increased 14.2 percent in 2000.Petroleumbased energy costs continued to advance sharply--up 15.7 percent-but only about half as much as in 1999.
Excluding food and energy, the CPI-U advanced at a 2.0 percent SAAR in the fourth quarter. Contributing to the acceleration in 2000 were increases in household furnishings and operations, recreation, and hospital and related services.

Georgia Department of Labor

Georgia Economic Indicators / February 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 decreased 0.3 percent during December

Note: All indicators are seasonally adjusted.

***
The Georgia Department of Labor's Index of Leading Economic Indicators decreased 0.3 percent in December to 163.0 from a revised 163.6, after seasonal adjustment. The average growth over the twelve months of 2000 showed the State's economy grew 3.6 percent for the year, compared to 4.4 percent in 1999.
While 2000 was a year of substantial growth, many of the component indicators peaked in March and April of 2000, beginning an eight month cycle of stability and decline. Despite downward pressure in the national economy, Georgia's indicators suggest that a recession is not imminent.

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 / February 2001

State revenues declined a modest 0.3 percent, seasonally adjusted, for the month of December. Total nonagricultural payroll employment remained unchanged, while manufacturing employment declined 0.3 percent for the month. The number of unfilled job openings declined 8.4 percent during November. The Index of Coincident Indicators was down by 1.1 percent in December. The index, at 162.7 from a revised 164.5, grew 4.8 percent for the twelve month average over 1999.
Contributing to the December decline was a weakness in residential construction, down 7.3 percent for the month.
Georgia Department of Labor

Data Summary

December 2000

Georgia Economic Indicators
Seasonally Adjusted

Dec 2000

Nov 2000

Dec 1999

Percent Change Nov 2000
to Dec 2000

Percent Change Dec 1999
to Dec 2000

Nonagricultural Employment Retail Employment

4,004,000 755,600

4,005,000 754,800

3,955,000 731,000

Manufacturing Employment

598,200

599,800

603,100

Manufacturing Workweek

40.5

41.0

42.1

Weekly Manufacturing Earnings

$539.40

$539.67

$537.49

Deflated Manufacturing Earnings

$310.00

$309.98

$319.36

Nonagricultural Job Openings Unfilled

11,863

12,946

19,767

Initial Unemployment Claims

40,621

39,676

30,367

Continued Unemployment Claims

163,359

158,661

133,774

Unemployment Rate

3.0%

2.9%

3.5%

Insured Unemployment Rate

1.09%

1.05%

0.85%

New Motor Vehicle Sales

39,005

46,543

51,521

Residential Construction (building permits)

6,859

7,399

7,768

Nonresidential Construction (dollar value) $501,700,000 $384,400,000 $476,700,000

Deflated Nonresidential Construction

$430,300,000 $331,100,000 $424,500,000

New Business Corporations

4,515

4,885

4,948

Total State Revenues

$1,127,902,000 $1,131,097,000 $1,051,073,000

Deflated Total State Revenues

$569,940,000 $637,000,000 $615,520,000

-0.02 0.11 -0.27 -1.22 -0.05 0.01 -8.37 2.38 2.96

1.24 3.37 -0.81 -3.80 0.36 -2.93 -39.99 33.77 22.12

-16.20 -7.30 30.52 29.96 -7.57 -0.28
-10.53

-24.29 -11.70
5.24 1.37 -8.75 7.31 -7.41

Georgia Department of Labor

Georgia Economic Indicators / February 2001 5

Georgia Economic Indicators
Nonagricultural Employment
4.11 1998-99 1999-2000
4.03

MILLIONS

3.95

3.87

3.79

3.70

J

F

M

A

M

J

J

A

S

O

N

D

Monthly Data
Seasonally Adjusted

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

1998-99 3,810,000 3,828,000 3,843,000 3,863,000 3,873,000 3,885,000 3,905,000 3,914,000 3,921,000 3,940,000 3,951,000 3,955,000

1999-2000 3,976,000 3,982,000 3,990,000 3,994,000 3,996,000 4,001,000 4,008,000 4,008,000 4,007,000 4,010,000 4,005,000 4,004,000

Retail Employment

781.9

1998-99 1999-2000

757.5

733.1

THOUSANDS

708.7

684.3

660.0

J

F

M

A

M

J

J

A

S

O

N

D

Monthly Data
Seasonally Adjusted

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

1998-99
688,500 692,700 693,500 698,300 702,700 707,000 713,300 716,300 720,000 725,600 726,100 731,000

1999-2000
739,100 738,900 741,900 743,200 744,200 743,700 747,500 746,900 749,900 751,900 754,800 755,600

Manufacturing Employment

610

1998-99

1999-2000

607

604

THOUSANDS

600

597

594

J

F

M

A

M

J

J

A

S

O

N

D

6 Georgia Economic Indicators / February 2001

Monthly Data
Seasonally Adjusted

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

1998-99
597,000 597,500 597,800 598,600 598,300 599,200 598,200 600,200 599,600 600,600 601,700 603,100

1999-2000
605,000 605,200 605,200 606,200 605,500 604,000 604,700 602,400 602,600 601,100 599,800 598,200

Georgia Department of Labor

Georgia Economic Indicators
Manufacturing Workweek
42.8 1998-99 1999-2000
42.2

41.6

HOURS

41.0

40.4

39.8

J

F

M

A

M

J

J

A

S

O

N

D

Monthly Data
Seasonally Adjusted

Month 1998-99

Jan

41.7

Feb

41.3

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

42.0

Dec

42.1

1999-2000
41.9 41.8 41.4 41.6 41.3 41.1 41.3 41.5 41.1 41.4 41.0 40.5

Average Weekly Manufacturing Earnings

$560

1998-99 1999-2000

$546

DOLLARS

$532

$518

$503

$489

J

F

M

A

M

J

J

A

S

O

N

D

Monthly Data
Seasonally Adjusted

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

1998-99
$508.11 506.51 513.48 518.45 526.72 525.67 520.39 524.72 525.32 526.25 536.28 537.49

1999-2000
$ 537.98 537.85 532.14 538.93 532.65 529.16 535.77 540.53 536.98 542.17 539.67 539.40

Deflated Average Weekly Manufacturing Earnings

DOLLARS

$326 $321

1998-99

1999-2000

Monthly Data
Seasonally Adjusted
Month 1998-99

1999-2000

Jan

$316

Feb

Mar

Apr

May
$311
Jun

Jul

Aug

$306

Sep

Oct

Nov

$301

Dec

J

F

M

A

M

J

J

A

S

O

N

D

$ 309.26 307.91 311.20 311.94 316.92 316.29 312.17 314.02 312.88 312.87 318.65 319.36

$ 318.90 316.94 311.01 314.80 310.95 307.12 310.41 312.81 309.14 311.59 309.98 310.00

Georgia Department of Labor

Georgia Economic Indicators / February 2001 7

Georgia Economic Indicators

Nonagricultural Job Openings Unfilled*

23.1

1998-99

1999-2000

20.2

THOUSANDS

17.3

14.5

11.6

8.7

J

F

M

A

M

J

J

A

S

O

N

D

* Jobs listed with Georgia Department of Labor

Monthly Data
Seasonally Adjusted

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

1998-99
15,388 16,902 17,813 17,884 15,387 15,057 15,824 16,780 16,998 16,736 18,311 19,767

1999-2000
17,810 18,381 18,312 17,854 17,552 16,389 16,036 15,401 13,979 13,504 12,946 11,863

Initial Unemployment Claims

46.5

1998-99

1999-2000

41.3

THOUSANDS

36.1

30.8

25.6

20.3

J

F

M

A

M

J

J

A

S

O

N

D

Monthly Data
Seasonally Adjusted

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

1998-99
33,543 31,291 32,104 32,453 28,471 30,064 30,381 31,981 31,183 27,793 31,177 30,367

1999-2000
26,384 27,609 27,485 27,437 28,671 30,398 30,806 34,999 35,955 38,371 39,676 40,621

Continued Unemployment Claims

182.1

1998-99

1999-2000

166.4

THOUSANDS

150.8

135.2

119.5

103.9

J

F

M

A

M

J

J

A

S

O

N

D

8 Georgia Economic Indicators / February 2001

Monthly Data
Seasonally Adjusted

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

1998-99
128,002 137,578 142,926 143,047 140,398 152,692 132,122 151,996 143,579 141,779 151,798 133,774

1999-2000
141,911 134,121 122,596 134,439 139,181 131,815 155,921 141,844 158,832 155,000 158,661 163,359

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

J

F

M

A

M

J

J

A

S

O

N

D

Monthly Data
Seasonally Adjusted

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

1998-99 1999-2000

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 2.9 3.0

Insured Unemployment Rate
1.20 1998-99 1999-2000
1.10

PERCENTAGES

1.00

0.90

0.80

0.70

J

F

M

A

M

J

J

A

S

O

N

D

Monthly Data
Seasonally Adjusted

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

1998-99
0.92% 0.88 0.88 0.87 0.90 0.91 0.92 0.93 0.91 0.91 0.89 0.85

1999-2000
0.81 % 0.81 0.83 0.88 0.88 0.92 0.91 0.96 0.95 0.97 1.05 1.09

New Motor Vehicle Sales

THOUSANDS

66

1998-99

1999-2000

59

51

43

36

28

J

F

M

A

M

J

J

A

S

O

N

D

Monthly Data
Seasonally Adjusted

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

1998-99 50,698 48,492 46,035 36,767 40,835 53,063 41,592 44,457 42,986 44,145 48,923 51,521

1999-2000 50,540 56,274 53,916 48,256 50,576 45,633 42,751 51,595 46,649 45,878 46,543 39,005

Georgia Department of Labor

Georgia Economic Indicators / February 2001 9

Georgia Economic Indicators

Residential Construction

8,999

1998-99

1999-2000

8,445

HOUSEHOLD UNITS

7,892

7,338

6,785

6,231

J

F

M

A

M

J

J

A

S

O

N

D

Monthly Data
Seasonally Adjusted

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

1998-99
7,150 7,495 7,282 7,521 7,257 7,233 6,968 7,365 7,362 7,419 7,738 7,768

1999-2000
8,337 8,070 7,802 7,578 7,926 7,856 7,810 7,137 7,474 7,214 7,399 6,859

Nonresidential Construction

$682

1998-99

1999-2000

$604

$526

MILLIONS

$448

$370

$292

J

F

M

A

M

J

J

A

S

O

N

D

Deflated Nonresidential Construction

$598

1998-99

1999-2000

$527

$457

MILLIONS

$386

$316

$245

J

F

M

A

M

J

J

A

S

O

N

D

10 Georgia Economic Indicators / February 2001

Monthly Data
Seasonally Adjusted

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

1998-99
$ 532,100,000 497,700,000 507,000,000 529,000,000 447,300,000 482,600,000 547,700,000 523,100,000 495,900,000 388,500,000 412,600,000 476,700,000

1999-2000
$ 480,200,000 453,600,000 557,700,000 493,700,000 505,300,000 581,200,000 408,400,000 392,100,000 533,800,000 537,800,000 384,400,000 501,700,000

Monthly Data
Seasonally Adjusted

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

1998-99
$ 490,400,000 458,300,000 465,600,000 484,000,000 407,400,000 437,100,000 495,200,000 472,100,000 447,200,000 348,700,000 368,700,000 424,500,000

1999-2000
$ 425,700,000 401,100,000 492,200,000 433,500,000 442,500,000 507,600,000 355,400,000 341,000,000 462,600,000 464,400,000 331,100,000 430,300,000

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

J

F

M

A

M

J

J

A

S

O

N

D

* Includes limited liability companies

Total State Revenues

$1,260

1998-99

1999-2000

$1,193

$1,126

MILLIONS

$1,060

$993

$926

J

F

M

A

M

J

J

A

S

O

N

D

Monthly Data
Seasonally Adjusted

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

1998-99
3,650 4,018 4,188 4,423 3,857 4,308 4,360 4,211 4,670 4,219 4,598 4,948

1999-2000
4,591 4,537 4,599 4,172 5,108 4,627 4,292 4,941 4,356 4,803 4,885 4,515

Monthly Data
Seasonally Adjusted

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

1998-99
$1,047,156,000 1,001,236,000 1,014,673,000 1,018,009,000 1,048,466,000 1,031,463,000 1,030,658,000 1,048,107,000 1,055,850,000 1,061,314,000 1,095,996,000 1,051,073,000

1999-2000
$1,059,797,000 1,053,410,000 1,055,106,000 1,070,016,000 1,090,881,000 1,098,533,000 1,135,348,000 1,155,591,000 1,121,508,000 1,170,566,000 1,131,097,000 1,127,902,000

Deflated Total State Revenues

$707

1998-99

1999-2000

Monthly Averages
Seasonally Adjusted

MILLIONS

$680

$653

$626

$599

$573

J

F

M

A

M

J

J

A

S

O

N

D

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

1998-99
$ 637,000,000 343,880,000 608,000,000 654,100,000 614,000,000 953,330,000 612,000,000 520,460,000 630,000,000 845,970,000 620,000,000 615,520,000

1999-2000
$ 628,000,000 213,990,000 620,000,000 748,380,000 616,000,000 660,430,000 625,000,000 9,350,000 636,000,000 824,870,000 637,000,000 569,940,000

Georgia Department of Labor

Georgia Economic Indicators / February 2001 11

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