Georgia economic indicators, monthly report [Vol. 6, no. 4 (June 2000)]

GEORGIA

Economic

Indicators

A Monthly Report of Georgia State Labor Market and Economic Trends

June 2000

Volume 6, Issue 4

Georgia Department of Labor
Michael L. Thurmond Commissioner

Georgia Economic Indicators
Monthly Report April 2000 Data
Volume 6, Issue 4 June 2000

Cover art: Old Harbor Light, Savannah - 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 30303-1751. The telephone number is (404) 656-3177.

Georgia Department of Labor

Georgia Department of Labor
Michael L. Thurmond, Commissioner

Georgia Economic Indicators / June 2000 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 / June 2000

Georgia Department of Labor

Consumer Price Index

Chart is not seasonally adjusted

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
60.0 63.9 70.6 81.0 89.1 94.9 98.6 103.1 106.9 108.6 112.7 117.1 123.1 128.9 135.2 139.5 144.0 147.4 151.9 156.3 160.2 162.5 166.2 171.2

MAY
60.3 64.5 71.5 81.8 89.8 95.8 99.2 103.4 107.3 108.9 113.1 117.5 123.8 129.2 135.6 139.7 144.2 147.5 152.2 156.6 160.1 162.8 166.2

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

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

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

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

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

NOV
61.9 67.4 75.9 85.5 93.7 98.0 101.2 105.3 109.0 110.4 115.4 120.3 125.9 133.8 137.8 142.0 145.8 149.7 153.6 158.6 161.5 164.0 168.3

DEC
62.1 67.7 76.7 86.3 94.0 97.6 101.3 105.3 109.3 110.5 115.4 120.5 126.1 133.8 137.9 141.9 145.8 149.7 153.5 158.6 161.3 163.9 168.3

AVG
60.6 65.2 72.6 82.4 90.9 96.5 99.6 103.9 107.6 109.6 113.6 118.3 124.0 130.7 136.2 140.3 144.5 148.2 152.4 156.9 160.5 163.0 166.6

CPI RATE
6.7% 9.0% 13.3% 12.5% 8.9% 3.8% 3.8% 3.9% 3.8% 1.1% 4.4% 4.4% 4.6% 6.1% 3.1% 2.9% 2.7% 2.7% 2.5% 3.3% 1.7% 1.6% 2.7%

U.S. BUREAU OF LABOR STATISTICS

U.S. consumer prices rose 0.1 percent during April

The U.S. Consumer Price Index for All Urban Consumers (CPI) was up 0.1 percent from March to April, meeting the expectations of concensus economists. The unadjusted index rose 3.0% from April of 1999.
The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) rose 0.1 percent for April before seasonal adjustment.
The core inflation rate, as measured by the index of all items less food and engergy, increased 0.2 percent, seasonally adjusted. This modest increase indicates that non-energy inflation remains at a relatively normal level.
The recent surge of higher fuel costs relaxed during April and has thus begun working through the Index. Overall fuel costs were up 0.2 percent during April, with increase in natural gas and household electricity at 0.5 percent. Gasoline prices dropped 4.1 percent from March to April, ahead of the expected seasonal increases of the summer months.
The big drop in pump prices helped to offset the 0.4 percent increase in new

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

4.0

Divided by the previous index 108.5

Equals

0.037

Results multiplied by 100 0.037 x 100

Equals percent change

3.7%

and used cars and trucks. Fuel oil prices were down 4.2 percent
in April, following a 10.7 percent decline the month before. This resulted in a modest overall increase of 0.2 percent for the Fuels and Utilities index, despite the increase in natural gas prices.
BLS reported that food and beverages increased 0.1 percent for a second

consecutive month, with the index of food at home unchanged. Meat prices increased 0.6 percent and dairy prices were up 0.9 percent. These increases were offset by declines of 0.4 percent in vegetable prices, 0.7 percent in beverage prices and 1.5 percent in prices for sugar and sweets.
Food away from home increased 0.1 percent, slightly lower than the trend set in the previous three months.
Housing costs for April were up 0.1 percent. Household operations climbed 0.8 percent and homeowner's insurance increased 0.5 percent. Lodging away from home declined 0.1 percent, coming off a huge increase in March. Residential rent was up 0.1 percent for the month.
Apparel prices fell by 0.5 percent, erasing the March increase of 0.3 percent. All four subcategories of the apparel index were down, with infants' and and toddler' apparel showing the biggest decline, down 1.2 percent.
Medical care costs increased 0.3 percent, with hospital costs up 0.7 percent.

Georgia Department of Labor

Georgia Economic Indicators / June 2000 3

Georgia Index of Economic Indicators

175

Leading indicators

164.8

Coincident indicators

154.6

144.4

134.2

124

113.8

103.6

93.4
1987-88 = 100
83.2

73 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01

Leading Index shows modest gain for April

Editor's Note: All indicators have been seasonally adjusted.
***
The Georgia Department of Labor's Index of Leading Economic Indicators increaced 0.2 percent during April to 161.86 from a revised 161.53. On average, the growth of the index over the last six months has been unchanged, while growth over the past twelve months was 4.3 percent. The Coincident Indicators Index increased 0.3 percent to 163.93 from a revised 163.37 for March.
Leading Indicators forecast economic activity three to six months into the future. Coincident indicators measure current conditions.
Strong growth in nonresidential

construction during April kept the Index from a second month of decline, while most of the components were down during the month. Contracts for commercial space pushed the total for nonresidential construction up 31.67 percent from March to April, on a seasonally adjusted basis. This is the second month in which nonresidential construction grew by more than 20 percent.
Unemployment continued to decline as initial claims fell a full 1.0 percent to 26,973 in April.
Residential construction eased from 7,767 to 7,614 from March to April, a drop of 1.97 percent.
Motor vehicle sales eased by 3.8 percent, however, the year over year

sales since April of last year were up 33.4 percent and year-to-date sales have increased 4.5 percent.
The number of new corporations in Georgia declined 8.0 percent last month.
Contributions to the Coincident Index were mixed - the largest component move was in state revenues, up 0.76 percent over March.
The employment figures for April showed growth across the board. Manufacturing employment was up 0.2 percent and nonagricultural employment increased 0.4 percent. Retail employment increased 0.7 percent for the month. Unemployment dropped from 3.4 percent, to 3.1 percent.

4 Georgia Economic Indicators / June 2000

Georgia Department of Labor

Data Summary

April 2000

Georgia Economic Indicators

Seasonally Adjusted

Apr 2000

Mar 2000

Apr 1999

Percent Change Mar 2000
to Apr 2000

Percent Change Apr 1999
to Apr 2000

Nonagricultural Employment

4,010,000

3,993,000

3,864,000 + 0.43 + 3.78

Retail Employment

748,200

743,000

698,600 + 0.70 + 7.10

Manufacturing Employment

607,000

605,600

599,100 + 0.23 + 1.32

Manufacturing Workweek

41.4

41.4

42.0

0.00 - 1.43

Weekly Manufacturing Earnings

$534.39

$532.85

$522.79 + 0.29 + 2.22

Deflated Manufacturing Earnings

$312.14

$311.43

$314.55 + 0.23 - 0.77

Nonagricultural Job Openings Unfilled

17,648

18,461

16,127 - 4.40 + 9.43

Initial Unemployment Claims

26,973

27,246

31,954 - 1.00 - 15.59

Continued Unemployment Claims

132,002

121,771

140,808 + 8.40 - 6.25

Unemployment Rate

3.1%

3.4%

3.7%

-

-

Insured Unemployment Rate

0.87%

0.83%

0.86%

-

-

New Motor Vehicle Sales

52,477

54,558

39,332 - 3.81 + 33.42

Residential Construction (building permits)

7,614

7,767

7,553 - 1.97 + 0.81

Nonresidential Construction (dollar value) $765,000,000 $581,000,000 $501,200,000 + 31.67 + 52.63

Deflated Nonresidential Construction

$586,656,000 $446,580,000 $398,727,000 + 31.37 + 47.13

New Business Corporations

4,182

4,547

4,427 - 8.03 - 5.53

Total State Revenues

$1,049,120,000 $1,041,230,000 $1,007,783,000 + 0.76 + 4.10

Deflated Total State Revenues

$612,804,000 $608,551,000 $606,368,000 + 0.70 + 1.06

Georgia Department of Labor

Georgia Economic Indicators / June 2000 5

Georgia Economic Indicators

Nonagricultural Employment

4.12

1998-99

1999-2000

4.02

MILLIONS

3.92

3.81

3.71

3.61

M

J

J

A

S

O

N

D

J

F

M

A

Monthly Data
Seasonally Adjusted

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

1998-99
3,721,000 3,735,000 3,743,000 3,761,000 3,770,000 3,779,000 3,789,000 3,795,000 3,812,000 3,829,000 3,845,000 3,864,000

1999-2000
3,873,000 3,885,000 3,904,000 3,914,000 3,920,000 3,940,000 3,949,000 3,953,000 3,968,000 3,981,000 3,993,000 4,010,000

Retail Employment

774.5

1998-99

1999-2000

749.6

724.7

THOUSANDS

699.8

674.9

650.0

M

J

J

A

S

O

N

D

J

F

M

A

Monthly Data
Seasonally Adjusted

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

1998-99
676,500 678,800 678,900 679,900 682,700 685,800 686,600 685,900 688,600 693,100 694,400 698,600

1999-2000
702,500 706,200 710,900 715,400 718,500 722,100 726,100 729,500 734,900 739,400 743,000 748,200

Manufacturing Employment

613

1998-99

1999-2000

608

603

THOUSANDS

597

592

587

M

J

J

A

S

O

N

D

J

F

M

A

6 Georgia Economic Indicators / June 2000

Monthly Data
Seasonally Adjusted

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

1998-99
592,600 593,700 594,900 596,300 597,600 598,500 599,200 599,400 597,100 597,600 598,200 599,100

1999-2000
598,500 599,100 598,400 599,900 599,400 600,500 601,400 603,100 605,100 607,100 605,600 607,000

Georgia Department of Labor

Georgia Economic Indicators

Manufacturing Workweek

42.5

1998-99

1999-2000

42.2

HOURS

41.8

41.5

41.1

40.8

M

J

J

A

S

O

N

D

J

F

M

A

Monthly Data
Seasonally Adjusted

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

1998-99
42.1 42.0 42.1 41.7 41.8 41.8 41.6 41.6 41.7 41.4 41.8 42.0

1999-2000
42.1 41.9 41.8 41.2 41.8 41.7 42.0 42.1 41.9 41.9 41.4 41.4

Average Weekly Manufacturing Earnings

$554

1998-99

1999-2000

$541

DOLLARS

$527

$514

$500

$487

M

J

J

A

S

O

N

D

J

F

M

A

Monthly Data
Seasonally Adjusted

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

1998-99
$506.77 504.97 506.76 502.89 501.19 505.94 502.70 505.29 508.45 506.96 514.04 522.79

1999-2000
$521.63 522.59 519.46 523.96 524.27 527.84 538.26 537.82 538.37 538.42 532.85 534.39

Deflated Average Weekly Manufacturing Earnings

$326

1998-99

1999-2000

$321

DOLLARS

$316

$311

$306

$301

M

J

J

A

S

O

N

D

J

F

M

A

Georgia Department of Labor

Monthly Data
Seasonally Adjusted

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

1998-99
$311.28 309.80 310.51 307.77 306.35 308.50 306.52 308.29 309.46 308.15 311.54 314.55

1999-2000
$313.86 314.43 311.61 313.56 312.25 313.82 319.82 319.56 319.13 317.28 311.43 312.14

Georgia Economic Indicators / June 2000 7

Georgia Economic Indicators

Nonagricultural Job Openings Unfilled*

21.7

1998-99

1999-2000

19.9

THOUSANDS

18.1

16.3

14.5

12.7

M

J

J

A

S

O

N

D

J

F

M

A

* Jobs listed with Georgia Department of Labor

Initial Unemployment Claims

41.0

1998-99

1999-2000

37.3

THOUSANDS

33.6

29.9

26.2

22.5

M

J

J

A

S

O

N

D

J

F

M

A

Monthly Data
Seasonally Adjusted

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

1998-99
16,424 16,174 16,505 16,624 16,709 17,319 16,184 16,658 15,384 16,939 17,930 16,127

1999-2000
15,364 14,549 15,590 16,783 16,666 16,641 18,322 19,792 17,826 18,448 18,461 17,648

Monthly Data
Seasonally Adjusted

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

1998-99
26,641 31,311 29,383 28,631 30,677 30,426 33,463 37,008 33,719 31,366 31,843 31,954

1999-2000
28,147 29,992 29,853 32,336 31,491 28,214 31,943 30,163 26,565 27,702 27,246 26,973

Continued Unemployment Claims

169.5

1998-99

1999-2000

157.4

THOUSANDS

145.3

133.2

121.1

109.0

M

J

J

A

S

O

N

D

J

F

M

A

8 Georgia Economic Indicators / June 2000

Monthly Data
Seasonally Adjusted

Month

1998-99

1999-2000

May

139,236

139,093

Jun

140,319

149,153

Jul

147,945

134,664

Aug

148,494

152,107

Sep

135,452

146,074

Oct

131,796

142,650

Nov

146,754

156,177

Dec

131,000

132,644

Jan

128,001

141,756

Feb

137,003

133,381

Mar

142,178

121,771

Apr

140,808

132,002

Georgia Department of Labor

Georgia Economic Indicators

Unemployment Rate

4.8

1998-99

1999-2000

4.4

PERCENTAGES

3.9

3.5

3.1

2.6

J

J

A

S

O

N

D

J

F

M

A

Monthly Data
Seasonally Adjusted

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

1998-99
4.3% 4.3% 4.3% 4.1% 4.1% 4.0% 4.0% 3.9% 3.8% 4.1% 4.2% 3.7%

1999-2000
3.7% 3.6% 3.7% 3.9% 3.9% 3.6% 3.7% 3.5% 3.6% 3.5% 3.4% 3.1%

Insured Unemployment Rate

0.99

1998-99

1999-2000

0.94

PERCENTAGES

0.89

0.85

0.80

0.75

M

J

J

A

S

O

N

D

J

F

M

A

Monthly Data
Seasonally Adjusted

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

1998-99
0.91% 0.89% 0.89% 0.87% 0.88% 0.86% 0.86% 0.87% 0.93% 0.88% 0.88% 0.86%

1999-2000
0.89% 0.91% 0.90% 0.93% 0.90% 0.90% 0.89% 0.87% 0.82% 0.81% 0.83% 0.87%

New Motor Vehicle Sales

63

1998-99

1999-2000

57

THOUSANDS

50

44

37

31

M

J

J

A

S

O

N

D

J

F

M

A

Georgia Department of Labor

Monthly Data
Seasonally Adjusted

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

1998-99
46,109 37,234 44,270 41,175 42,951 45,014 44,224 46,859 51,703 48,750 46,653 39,332

1999-2000
41,498 48,605 40,573 46,109 43,425 45,191 48,719 50,242 51,639 56,007 54,558 52,477

Georgia Economic Indicators / June 2000 9

Georgia Economic Indicators

Residential Construction

8,900

1998-99

1999-2000

8,373

HOUSEHOLD UNITS

7,847

7,320

6,794

6,267

M

J

J

A

S

O

N

D

J

F

M

A

Monthly Data
Seasonally Adjusted

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

1998-99
7,131 6,939 7,219 7,464 7,545 8,136 8,183 8,209 7,090 7,469 7,265 7,553

1999-2000
7,272 7,243 6,990 7,230 7,297 7,422 7,653 7,668 8,236 8,037 7,767 7,614

Nonresidential Construction

$910

1998-99

1999-2000

$775

$640

MILLIONS

$505

$370

$235

M

J

J

A

S

O

N

D

J

F

M

A

Monthly Data
Seasonally Adjusted

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

1998-99
486,200,000 436,900,000 422,500,000 529,200,000 534,200,000 422,900,000 511,500,000 478,400,000 544,200,000 509,200,000 513,400,000 501,200,000

1999-2000
410,800,000 595,100,000 520,300,000 502,400,000 484,900,000 374,500,000 402,300,000 483,500,000 472,400,000 466,100,000 581,000,000 765,000,000

Deflated Nonresidential Construction

$700

1998-99

1999-2000

$596

$492

MILLIONS

$388

$284

$180

M

J

J

A

S

O

N

D

J

F

M

A

10 Georgia Economic Indicators / June 2000

Monthly Data
Seasonally Adjusted

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

1998-99
401,155,000 358,703,000 348,885,000 432,000,000 435,016,000 342,985,000 413,167,000 384,875,000 436,758,000 408,668,000 409,737,000 398,727,000

1999-2000
325,515,000 468,952,000 408,399,000 394,039,000 379,124,000 291,894,000 312,831,000 374,806,000 364,225,000 358,263,000 446,580,000 586,656,000

Georgia Department of Labor

Georgia Economic Indicators

New Business Corporations*

5,250

1998-99

1999-2000

4,850

CHARTERS

4,450

4,050

3,650

3,250

M

J

J

A

S

O

N

D

J

F

M

A

* Includes limited liability companies

Total State Revenues

1998-99

1999-2000

$1,111

$1,058

MILLIONS

$1,005

$952

$899

M

J

J

A

S

O

N

D

J

F

M

A

Monthly Data
Sonally Adjusted

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

1998-99
3,667 3,937 3,717 3,720 3,693 3,740 3,769 3,855 3,651 3,991 4,153 4,427

1999-2000
4,021 4,342 4,224 4,360 4,536 4,267 4,679 4,761 4,606 4,497 4,547 4,182

Monthly Data
Seasonally Adjusted

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

1998-99

1999-2000

$989,997,000 $1,041,678,000 1,001,175,000 1,009,495,000 1,028,255,000 1,044,552,000 1,017,378,000 1,058,287,000
976,884,000 1,069,970,000 955,223,000 1,102,612,000 994,788,000 1,091,789,000 1,006,672,000 1,046,986,000 1,047,382,000 1,061,024,000 996,915,000 1,046,004,000 1,007,222,000 1,041,230,000 1,007,783,000 1,049,120,000

Deflated Total State Revenues

$690 $662

1998-99

1999-2000

Monthly Averages
Seasonally Adjusted

Month

1998-99

1999-2000

MILLIONS

$634

$606

$578

$550

M

J

J

A

S

O

N

D

J

F

M

A

May

$608,106,000 $626,762,000

Jun

614,218,000 607,398,000

Jul

630,058,000 626,606,000

Aug

622,630,000 633,326,000

Sep

597,117,000 637,266,000

Oct

582,453,000 655,536,000

Nov

606,578,000 648,716,000

Dec

614,199,000 622,095,000

Jan

637,481,000 628,941,000

Feb

606,027,000 616,384,000

Mar

610,438,000 608,551,000

Apr

606,368,000 612,804,000

Georgia Department of Labor

Georgia Economic Indicators / June 2000 11

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