GEORGIA 
 
Economic 
 
Indicators 
 
A Monthly Report of Georgia State Labor Market and Economic Trends 
 
June 2001 
 
Volume 7, Issue 4 
 
Georgia Department of Labor 
Michael L. Thurmond Commissioner 
 
 Georgia Economic Indicators 
Monthly Report April 2001 Data Volume 7, Issue 4 June 2001 
Cover art: St. Simons Island Lighthouse, Georgia - 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 Andrew Young International Boulevard, N.E., Atlanta, Georgia 30303-1751. 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 / June 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 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. 
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 Bill Webb, Workforce Information and Analysis, Georgia Department of Labor, 148 Andrew Young International Boulevard, N.E., 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 
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 2001 
 
Georgia Department of Labor 
 
 Consumer Price Index 
 
YEAR 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 
 
JAN 
62.5 68.3 77.8 87.0 94.3 97.8 101.9 105.5 109.6 111.2 115.7 121.1 127.4 134.6 138.1 142.6 146.2 150.3 154.4 159.1 161.6 164.3 168.7 175.1 
 
FEB 
62.9 69.1 78.9 87.9 94.6 97.9 102.4 106.0 109.3 111.6 116.0 121.6 128.0 134.8 138.6 143.1 146.7 150.9 154.9 159.6 161.9 164.5 169.7 175.8 
 
MAR 
63.4 69.8 80.1 88.5 94.5 97.9 102.6 106.4 108.8 112.1 116.5 122.3 128.7 135.0 139.3 143.6 147.2 151.4 155.7 160.0 162.2 165.0 171.1 176.2 
 
APR MAY 
63.9 64.5 70.6 71.5 81.0 81.8 89.1 89.8 94.9 95.8 98.6 99.2 103.1 103.4 106.9 107.3 108.6 108.9 112.7 113.1 117.1 117.5 123.1 123.8 128.9 129.2 135.2 135.6 139.5 139.7 144.0 144.2 147.4 147.5 151.9 152.2 156.3 156.6 160.2 160.1 162.5 162.8 166.2 166.2 171.2 171.3 176.9 
 
JUN 
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 
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 
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 
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 
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 
67.4 75.9 85.5 93.7 98.0 101.2 105.3 109.0 110.4 115.4 120.3 125.9 133.8 137.8 142.0 145.8 149.7 153.6 158.6 161.5 164.0 168.3 174.1 
 
DEC 
67.7 76.7 86.3 94.0 97.6 101.3 105.3 109.3 110.5 115.4 120.5 126.1 133.8 137.9 141.9 145.8 149.7 153.5 158.6 161.3 163.9 168.3 174.0 
 
AVG 
65.2 72.6 82.4 90.9 96.5 99.6 103.9 107.6 109.6 113.6 118.3 124.0 130.7 136.2 140.3 144.5 148.2 152.4 156.9 160.5 163.0 166.6 172.1 
 
CPI RATE 
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% 3.4% 
 
U.S. BUREAU OF LABOR STATISTICS 
Consumer Price Index Increased 0.4 Percent in April 
 
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in April, before seasonal adjustment, to a level of 176.9 (198284=100), as recently reported by the Bureau of Labor Statistics of the U.S. Department of Labor. For the 12month period ended in April, the CPIU increased 3.3 percent. 
The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) rose 0.5 percent in April, prior to seasonal adjustment. The April level of 173.5 was 3.3 percent higher than the index was last April. 
On a seasonally adjusted basis, the CPI-U rose 0.3 percent in April. The energy index, which had declined in each of the two preceding months, increased 1.8 percent in April. The index for petroleum-based energy increased 4.2 percent, more than offsetting a 0.4 percent decline in the index for energy services. Excluding food and energy, the CPI-U rose 0.2 percent in April, the same as in March. 
While the overall increase was the 
Georgia Department of Labor 
 
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% 
 
same in both months, the composition was different. The indexes for apparel and for lodging while away from home, each of which had increased in February and March, declined in April. On the other hand, the indexes for tobacco and for recreation each turned up sharply in April after declining in March. 
During the first four months of 
 
2001, the CPI-U rose at a 3.8 percent seasonally adjusted annual rate (SAAR). This compares with an increase of 3.4 percent for all of 2000. The index for energy, which registered double-digit increases in both 1999 and 2000, continued this pattern in the first four months of 2001, increasing at a 10.3 percent SAAR. Excluding food and energy, the CPI-U has advanced at a 3.3 percent SAAR thus far in 2001, compared with a 2.6 percent rise for all of 2000. 
The transportation component, which declined 0.9 percent in March, turned upward in April, advancing 0.9 percent. The index for gasoline rose 5.0 percent in April, following a 3.8 percent decrease in March. Medical care costs rose 0.4 percent in April to a level 4.6 percent higher than a year ago. In April, the index for medical care commodities increased 0.2 percent. Charges for professional services and for hospital and related services increased 0.3 and 0.5 percent, respectively. 
 
Georgia Economic Indicators / June 2001 3 
 
 Georgia Index of Economic Indicators 
 
197.7 
 
Leading indicators Coincident indicators 
 
173.0 
 
148.3 
 
123.7 
 
99.0 
1987-88 = 100 
 
74.4 
 
91 
 
92 
 
93 
 
94 
 
95 
 
96 
 
97 
 
98 
 
99 
 
00 
 
01 
 
02 
 
Georgia's Economic Indicators Show Signs of Deceleration 
 
Note: All indicators are seasonally adjusted. 
 
*** 
The Georgia Department of Labor's Index of Leading Economic Indicators decreased 0.6 percent in April to 165.22 from a revised 166.36, after seasonal adjustment. 
Construction posted month over month gains in the residential and nonresidential sectors in April, increasing 6.82 percent and 40.1 percent respectively. However, construction levels remain below the same time period last year. 
New motor vehicles sales moved upward 7.16 percent for the month and total revenue for the state increased 4.90 percent. New business corporations filed with the Secretary of State decreased 5.71 percent in April, 10.45 percent higher then April's 2000 level. 
 
Recent 12 Months 
Leading Coincident 
167.7 
 
165.5 
 
163.3 
 
161.2 159.0 
 
1993 = 100 
 
M 
 
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ON 
 
D 
 
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FM 
 
A 
 
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 / June 2001 
 
The Index of Coincident Indicators moved lower for the third consecutive month, decreasing to 161.42 from a revised March index of 161.83 or 0.26 percent. Nonagricultural employment increased a modest 0.25 percent in April. Consequently, retail and manufacturing employment moved lower (see data summary). In the manufacturing sector weekly earnings slipped 4.31 percent followed by a decrease of 3.06 percent in weekly manufacturing hours worked. The statewide unemployment rate for April was 3.7%, one-tenth of a percent higher than March's revised rate and two-tenths of a percent lower then the April's 2000 rate. 
Georgia Department of Labor 
 
 Data Summary 
 
April 2001 
 
Georgia Economic Indicators 
Seasonally Adjusted 
 
Apr 2001 
 
Mar 2001 
 
Apr 2000 
 
Percent Percent 
 
Change Change 
 
Mar 2001 Apr 2000 
 
to 
 
to 
 
Apr 2001 Apr 2001 
 
Nonagricultural Employment 
 
4,051,783 
 
4,041,867 
 
4,004,242 
 
Retail Employment 
 
734,030 
 
734,253 
 
746,262 
 
Manufacturing Employment 
 
574,505 
 
574,610 
 
605,222 
 
Manufacturing Workweek 
 
39.1 
 
40.3 
 
41.7 
 
Weekly Manufacturing Earnings 
 
$503.53 
 
$526.21 
 
$539.06 
 
Deflated Manufacturing Earnings 
 
$284.64 
 
$298.64 
 
$314.87 
 
Nonagricultural Job Openings Unfilled 
 
10,661 
 
11,596 
 
18,446 
 
Initial Unemployment Claims 
 
58,638 
 
45,582 
 
25,740 
 
Continued Unemployment Claims 
 
264,655 
 
182,949 
 
131,083 
 
Unemployment Rate (not seasonally adjusted) 
 
3.7% 
 
3.6% 
 
3.9% 
 
Insured Unemployment Rate 
 
1.33% 
 
1.28% 
 
0.85% 
 
New Motor Vehicle Sales 
 
52,108 
 
48,624 
 
50,779 
 
Residential Construction (building permits) 
 
7,784 
 
7,287 
 
7,941 
 
Nonresidential Construction (dollar value) $619,469,000 $442,190,000 $789,116,000 
 
Deflated Nonresidential Construction 
 
$524,973,700 $375,373,500 $692,814,700 
 
New Business Corporations 
 
4,745 
 
5,033 
 
4,296 
 
Total State Revenues 
 
$964,287,000 $919,280,000 $1,054,124,000 
 
Deflated Total State Revenues 
 
$545,102,900 $521,725,300 $615,726,600 
 
0.25 -0.03 -0.02 -3.06 -4.31 -4.69 -8.07 28.64 44.66 
 
1.19 -1.64 -5.08 -6.27 -6.59 -9.60 -42.21 127.81 101.90 
 
7.16 6.82 40.09 39.85 -5.71 4.90 4.48 
 
2.62 -1.97 -21.50 -24.23 10.45 -8.52 -11.47 
 
Georgia Department of Labor 
 
Georgia Economic Indicators / June 2001 5 
 
 Georgia Economic Indicators 
Nonagricultural Employment 
4.14 1999-2000 2000-2001 
4.07 
 
MILLIONS 
 
4.00 
 
3.93 
 
3.86 
 
3.79 
 
M 
 
J 
 
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S 
 
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N 
 
D 
 
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F 
 
M 
 
A 
 
Monthly Data 
Seasonally Adjusted 
 
Month 
M ay Jun Jul Aug Sep Oct Nov Dec Jan Feb M ar Apr 
 
1999-2000 
3,877,047 3,894,075 3,901,321 3,910,888 3,922,056 3,942,523 3,955,229 3,963,656 3,965,660 3,962,154 3,987,167 4,004,242 
 
2000-2001 
4,000,028 3,995,864 4,005,404 4,005,559 4,009,019 4,006,980 4,010,546 4,024,427 4,040,180 4,045,042 4,041,867 4,051,783 
 
Retail Employment 
 
786.5 
 
1999-2000 
 
2000-2001 
 
763.8 
 
741.1 
 
THOUSANDS 
 
718.4 
 
695.7 
 
673.0 
 
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N 
 
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Monthly Data 
Seasonally Adjusted 
 
Month 
M ay Jun Jul Aug Sep Oct Nov Dec Jan Feb M ar Apr 
 
1999-2000 
702,588 707,123 712,012 715,731 715,285 724,116 729,968 740,637 733,876 735,540 740,516 746,262 
 
2000-2001 
744,202 743,872 746,516 746,312 745,849 753,997 758,707 735,734 732,765 731,550 734,253 734,030 
 
Manufacturing Employment 
 
621 
 
1999-2000 
 
2000-2001 
 
609 
 
597 
 
THOUSANDS 
 
585 
 
573 
 
561 
 
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6 Georgia Economic Indicators / June 2001 
 
Monthly Data 
Seasonally Adjusted 
 
Month 
May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr 
 
1999-2000 
598,033 599,502 597,951 600,274 599,835 600,686 601,405 601,977 605,180 606,458 604,713 605,222 
 
2000-2001 
605,314 604,183 604,587 602,562 602,969 603,601 599,711 582,143 576,177 579,216 574,610 574,505 
 
Georgia Department of Labor 
 
 Georgia Economic Indicators 
 
Manufacturing Workweek 
 
43.5 
 
1999-2000 
 
2000-2001 
 
42.3 
 
HOURS 
 
41.2 
 
40.0 
 
38.9 
 
37.7 
 
M 
 
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N 
 
D 
 
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Monthly Data 
Seasonally Adjusted 
 
Month 
May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr 
 
1999-2000 
42.1 42.0 41.7 41.2 41.2 41.7 42.1 42.4 41.9 41.6 41.3 41.7 
 
2000-2001 
40.6 41.1 41.3 41.5 40.8 41.5 41.1 40.8 40.7 40.0 40.3 39.1 
 
Average Weekly Manufacturing Earnings 
 
$563 
 
1999-2000 
 
2000-2001 
 
$548 
 
DOLLARS 
 
$533 
 
$517 
 
$502 
 
$487 
 
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Monthly Data 
Seasonally Adjusted 
 
Month 
May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr 
 
1999-2000 
$526.24 522.68 517.85 514.01 524.12 528.36 539.58 544.48 537.38 534.59 530.86 539.06 
 
2000-2001 
$520.69 525.93 533.24 541.00 535.46 544.57 544.07 535.92 525.05 522.38 526.21 503.53 
 
Deflated Average Weekly Manufacturing Earnings 
 
$335 $325 
 
1999-2000 
 
2000-2001 
 
Monthly Data 
Seasonally Adjusted 
Month 1999-2000 
 
2000-2001 
 
DOLLARS 
 
$315 
 
$305 
 
$296 
 
$286 
 
A 
 
M 
 
J 
 
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O 
 
N 
 
D 
 
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F 
 
M 
 
May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr 
 
$316.63 314.49 310.65 307.61 312.16 314.12 320.61 323.52 318.54 315.02 310.26 314.87 
 
$303.97 305.24 308.95 313.08 308.27 312.97 312.50 308.00 299.85 297.14 298.64 284.64 
 
Georgia Department of Labor 
 
Georgia Economic Indicators / June 2001 7 
 
 Georgia Economic Indicators 
 
Nonagricultural Job Openings Unfilled* 
 
23.1 
 
1999-2000 
 
2000-2001 
 
19.8 
 
THOUSANDS 
 
16.5 
 
13.3 
 
10.0 
 
6.7 
 
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N 
 
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* Jobs listed with the Georgia Department of Labor 
 
Initial Unemployment Claims 
 
72.3 
 
1999-2000 
 
2000-2001 
 
60.0 
 
THOUSANDS 
 
47.7 
 
35.4 
 
23.2 
 
10.9 
 
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N 
 
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Monthly Data 
Seasonally Adjusted 
 
Month 
May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr 
 
1999-2000 
15,668 14,848 16,182 17,257 17,162 16,894 17,741 18,997 16,116 18,335 19,359 18,446 
 
2000-2001 
17,760 15,990 16,354 15,881 14,124 13,640 12,566 11,507 10,951 11,955 11,596 10,661 
 
Monthly Data 
Seasonally Adjusted 
 
Month 
May Jun Jul Aug 
Sep Oct 
Nov Dec Jan Feb 
Mar 
Apr 
 
1999-2000 
25,153 28,799 31,190 31,429 
29,589 27,653 
28,483 32,536 30,852 27,421 
26,430 
25,740 
 
2000-2001 
28,821 29,186 31,422 34,375 
34,313 38,271 
45,620 43,776 50,354 45,517 
45,582 
58,638 
 
Continued Unemployment Claims 
 
327.3 
 
1999-2000 
 
2000-2001 
 
274.7 
 
THOUSANDS 
 
222.2 
 
169.6 
 
117.1 
 
64.5 
 
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8 Georgia Economic Indicators / June 2001 
 
Monthly Data 
Seasonally Adjusted 
 
Month 
May Jun Jul Aug 
Sep Oct 
Nov 
Dec Jan Feb 
Mar 
Apr 
 
1999-2000 
123,364 156,918 128,964 162,340 
132,319 139,033 
154,977 
138,052 153,719 134,472 
122,763 
131,083 
 
2000-2001 
148,971 135,417 151,092 152,030 
147,905 184,770 
164,381 
167,498 211,150 195,343 
182,949 
264,655 
 
Georgia Department of Labor 
 
 Georgia Economic Indicators 
 
Unemployment Rate * 
 
4.7 
 
1999-2000 
 
2000-2001 
 
4.3 
 
PERCENTAGES 
 
3.9 
 
3.4 
 
3.0 
 
2.6 
 
M 
 
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N 
 
D 
 
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* Not Seasonally Adjusted 
 
Insured Unemployment Rate 
 
1.51 
 
1999-2000 
 
2000-2001 
 
1.33 
 
PERCENTAGES 
 
1.15 
 
0.97 
 
0.79 
 
0.61 
 
M 
 
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N 
 
D 
 
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F 
 
M 
 
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Monthly Data 
Not Seasonally Adjusted 
 
Month 
M ay Jun Jul Aug Sep Oct Nov Dec Jan Feb M ar Apr 
 
1999-2000 
4.1 % 4.2 3.7 3.7 3.6 3.7 4.1 4.1 3.9 3.6 3.8 3.9 
 
2000-2001 
3.5 % 3.4 3.1 3.3 4.1 3.8 4.0 3.8 3.7 3.3 3.6 3.7 
 
Monthly Data 
Seasonally Adjusted 
 
Month 
M ay Jun Jul Aug Sep Oct Nov Dec Jan Feb M ar Apr 
 
1999-2000 
0.87 % 0.88 0.93 0.93 0.90 0.88 0.88 0.85 0.87 0.83 0.83 0.85 
 
2000-2001 
0.85 % 0.89 0.92 0.97 0.94 0.95 1.04 1.21 1.18 1.18 1.28 1.33 
 
New Motor Vehicle Sales 
 
68 
 
1999-2000 
 
2000-2001 
 
60 
 
Monthly Data 
Seasonally Adjusted 
 
Month 
 
1999-2000 
 
2000-2001 
 
THOUSANDS 
 
51 
 
43 
 
35 
 
27 
 
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N 
 
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M ay Jun Jul Aug Sep Oct Nov Dec Jan Feb M ar Apr 
 
41,935 52,760 42,573 46,239 42,194 43,629 58,133 48,037 52,718 54,602 55,190 50,779 
 
52,123 44,609 43,177 54,003 45,653 45,177 44,090 36,195 56,975 44,725 48,624 52,108 
 
Georgia Department of Labor 
 
Georgia Economic Indicators / June 2001 9 
 
 Georgia Economic Indicators 
 
Residential Construction 
 
10,118 
 
1999-2000 
 
2000-2001 
 
9,047 
 
HOUSEHOLD UNITS 
 
7,976 
 
6,905 
 
5,834 
 
4,762 
 
M 
 
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Monthly Data 
Seasonally Adjusted 
 
Month 
May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr 
 
1999-2000 
6,088 8,793 7,155 7,489 7,323 7,288 8,622 7,203 8,031 8,125 8,262 7,941 
 
2000-2001 
8,084 7,732 7,965 7,186 7,441 7,157 7,210 6,920 8,628 8,054 7,287 7,784 
 
Nonresidential Construction 
 
$978 
 
1999-2000 
 
2000-2001 
 
$813 
 
$648 
 
MILLIONS 
 
$483 
 
$318 
 
$153 
 
M 
 
J 
 
J 
 
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S 
 
O 
 
N 
 
D 
 
J 
 
F 
 
M 
 
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Deflated Nonresidential Construction 
 
$875 
 
1999-2000 
 
2000-2001 
 
$728 
 
$580 
 
MILLIONS 
 
$433 
 
$286 
 
$139 
 
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D 
 
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10 Georgia Economic Indicators / June 2001 
 
Monthly Data 
Seasonally Adjusted 
 
Month 
May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr 
 
1999-2000 
$487,330,000 545,301,000 572,688,000 539,049,000 474,775,000 365,637,000 431,639,000 724,342,000 480,575,000 391,992,000 555,717,000 789,116,000 
 
2000-2001 
$548,667,000 654,704,000 426,077,000 393,006,000 586,325,000 519,280,000 365,900,000 469,039,000 559,265,000 438,065,000 442,190,000 619,469,000 
 
Monthly Data 
Seasonally Adjusted 
 
Month 
M ay Jun Jul Aug Sep Oct Nov Dec Jan Feb M ar Apr 
 
1999-2000 
$443,834,200 493,932,100 517,801,100 486,506,300 428,110,900 328,219,900 385,736,400 645,006,200 426,041,700 346,588,900 490,482,800 692,814,700 
 
2000-2001 
$480,444,000 571,793,900 370,824,200 341,744,300 508,080,600 448,815,900 314,617,400 401,918,600 477,596,100 373,138,800 375,373,500 524,973,700 
 
Georgia Department of Labor 
 
 Georgia Economic Indicators 
 
New Business Corporations* 
 
5,658 
 
1999-2000 
 
2000-2001 
 
5,207 
 
CHARTERS 
 
4,756 
 
4,305 
 
3,854 
 
3,403 
 
M 
 
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N 
 
D 
 
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* Includes limited liability companies 
 
Total State Revenues 
 
$1,579 
 
1999-2000 
 
2000-2001 
 
$1,407 
 
$1,234 
 
MILLIONS 
 
$1,062 
 
$890 
 
$717 
 
M 
 
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S 
 
O 
 
N 
 
D 
 
J 
 
F 
 
M 
 
A 
 
Monthly Data 
Seasonally Adjusted 
 
Month 
M ay Jun Jul Aug Sep Oct Nov Dec Jan Feb M ar Ap r 
 
1999-2000 
3,896 4,318 4,334 4,316 4,622 4,049 4,427 4,762 4,731 4,588 4,696 4,296 
 
2000-2001 
5,172 4,652 4,203 5,098 4,274 4,566 4,779 4,381 4,880 4,498 5,033 4,745 
 
Monthly Data 
Seasonally Adjusted 
 
Month 
M ay Jun Jul Aug Sep Oct Nov Dec Jan Feb M ar Apr 
 
1999-2000 
 
2000-2001 
 
$1,014,950,000 1,020,119,000 1,013,915,000 1,152,734,000 
956,358,000 1,082,132,000 1,104,184,000 1,046,748,000 1,150,812,000 1,025,035,000 1,002,041,000 1,054,124,000 
 
$1,364,711,000 1,067,272,000 1,133,065,000 1,177,333,000 1,111,664,000 1,227,641,000 1,146,891,000 1,107,590,000 1,358,146,000 1,084,760,000 
919,280,000 964,287,000 
 
Deflated Total State Revenues 
 
$925 
 
1999-2000 
 
2000-2001 
 
Monthly Data 
Seasonally Adjusted 
 
MILLIONS 
 
$821 
 
$718 
 
$614 
 
$511 
 
$407 
 
M 
 
J 
 
J 
 
A 
 
S 
 
O 
 
N 
 
D 
 
J 
 
F 
 
M 
 
A 
 
Month 
M ay Jun Jul Aug Sep Oct Nov Dec Jan Feb M ar Apr 
 
1999-2000 
$610,679,900 613,790,000 608,227,400 689,846,800 569,599,800 643,360,300 656,080,800 621,953,700 682,164,800 604,027,700 585,646,400 615,726,600 
 
2000-2001 
$796,678,900 619,426,600 656,468,700 681,327,000 639,990,800 705,540,800 658,754,200 636,546,000 775,640,200 617,042,100 521,725,300 545,102,900 
 
Georgia Department of Labor 
 
Georgia Economic Indicators / June 2001 11 
 
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