Georgia economic indicators, monthly report [Vol. 7, no. 8 (Oct. 2001)]

GEORGIA

Economic

Indicators

A Monthly Report of Georgia State Labor Market and Economic Trends

October 2001

Volume 7, Issue 8

Georgia Department of Labor
Michael L. Thurmond Commissioner

Georgia Economic Indicators
Monthly Report August 2001 Data
Volume 7, Issue 8 October 2001

Cover art: Old Harbor Light, Savannah, Georgia by 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 / October 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 / October 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 99.2 103.1 103.4 106.9 107.3 108.6 108.9 112.7 113.1 117.1 117.5 123.1 123.8 128.9 129.2 135.2 135.6 139.5 139.7 144.0 144.2 147.4 147.5 151.9 152.2 156.3 156.6 160.2 160.1 162.5 162.8 166.2 166.2 171.2 171.3 176.9 177.7

JUN
65.2 72.3 82.7 90.6 97.0 99.5 103.7 107.6 109.5 113.5 118.0 124.1 129.9 136.0 140.2 144.4 148.0 152.5 156.7 160.3 163.0 166.2 172.3 178.0

JUL
65.7 73.1 82.7 91.6 97.5 99.9 104.1 107.0 109.5 113.8 118.5 124.4 130.4 136.2 140.5 144.4 148.4 152.5 157.0 160.5 163.2 166.7 172.6 177.5

AUG
66.0 73.8 88.3 92.3 97.7 100.2 104.5 108.0 109.7 114.4 119.0 124.6 131.6 136.6 140.9 144.8 149.0 152.9 157.3 160.8 163.4 167.1 172.8 177.5

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
The CPI Remains Unchanged in August

The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in August, before seasonal adjustment, remaining at a level of 177.5 (1982-84=100), as recently reported by the Bureau of Labor Statistics of the U.S. Department of Labor. For the 12-month period ended in August, the CPI-U increased 2.7 percent.
The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) also was unchanged in August, prior to seasonal adjustment. The August level of 173.8 was 2.7 percent higher than the index in August 2000.
On a seasonally adjusted basis, the CPI-U rose 0.1 percent in August, following a 5.6 percent drop in July. During the first eight months of 2001, the CPI-U rose at a 2.5 percent seasonally adjusted annual rate (SAAR). This compares with an increase of 3.4 percent for all of 2000. Excluding food and energy, the CPI-U rose 0.2 percent, the same as in July.
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%

The index for energy, which registered double-digit increases in both 1999 and 2000, declined at a 3.3 percent SAAR during the first eight months of 2001. The housing index, which was unchanged in July, increased 0.3 percent in August. Shelter costs, which increased 0.1 percent in July, rose 0.5 percent in August.

The index for fuels and utilities declined for the second consecutive month down 1.0 percent. All three major household fuels registered price decreases: the index for fuel oil declined 1.2 percent and the indexes for natural gas and for electricity fell 3.4 and 0.4 percent, respectively.
The transportation component declined for the third consecutive month down 0.5 percent in August reflecting another drop in gasoline prices. The index for gasoline registered its third consecutive decrease in August down 2.4 percent. As of August, gasoline prices were 17.0 percent lower than their peak level of May 2001.
Medical care cost rose 0.5 percent in August to a level 4.5 percent higher than a year ago. In August, the index for medical care commodities increased 0.3 percent. The medical care services index rose 0.6 percent in August. Charges for professional and hospital related services increased 0.5 and 0.7 percent, respectively.

Georgia Economic Indicators / October 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 Mixed Signals

Note: All indicators are seasonally adjusted.

***

The Georgia Department of Labor's Index of Leading Economic Indicators increased 1.1 percent in August to 169.4 from a revised 168.1, after seasonal adjustment. The index has grown 3.1 percent since August 2000.
Georgia's Leading Index moved toward higher ground during the month of August. New business charters led the index with a 30.9 percent increase, which is the second largest increase so far this year. Sales of new motor vehicles surged ahead 20.8 percent in August reversing July's 0.6 percent dip. Initial unemployment claims were down 14.4 percent in August, but are still well above last year's levels.
The Index of Coincident Indicators

Recent 12 Months
173.5 Leading Coincident
170.3

167.2

164.0

160.8 157.6

1987-88 =100

S

O

N

D

J

F

M

A

M

J

J

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 / October 2001

declined 0.3 percent in August to 161.7 from a revised 162.30. The index has struggled for the past three months as current economic conditions continue to weaken.
As the economy contracts employment continues to stall. Nonagricultural employment slipped 0.6 percent in August, after seasonal adjustment. The retail employment sector took a 0.9 percent dip in August. Manufacturing employment decreased 0.8 percent during the reporting period.
Georgia's unemployment rate dropped two-tenths of a point to 3.8 percent in August. As the nation's unemployment rate inches upward, many are concerned about the future of Georgia's labor force.
Georgia Department of Labor

Data Summary

August 2001

Georgia Economic Indicators

Seasonally Adjusted

August 2001

July 2001

August 2000

Percent Percent

Change Change

Jul 2001 Aug 2000

to

to

Aug 2001 Aug 2001

Nonagricultural Employment

4,004,907

4,027,874

4,007,558

Retail Employment

732,350

738,695

721,309

Manufacturing Employment

564,677

569,034

585,594

Manufacturing Workweek

40.6

40.3

41.4

Weekly Manufacturing Earnings

$529.72

$527.00

$540.94

Deflated Manufacturing Earnings

$298.43

$296.90

$313.05

Nonagricultural Job Openings Unfilled

8,662

8,612

15,881

Initial Unemployment Claims

50,742

59,258

34,375

Continued Unemployment Claims

268,978

283,727

152,030

Unemployment Rate (not seasonally adjusted)

3.8%

4.0%

3.8%

Insured Unemployment Rate

1.65%

1.75%

0.97%

New Motor Vehicle Sales

50,688

41,964

54,003

Residential Construction (building permits)

7,498

8,751

7,186

Nonresidential Construction (dollar value) $454,058,000 $554,259,000 $393,006,000

Deflated Nonresidential Construction

$381,241,000 $466,155,600 $339,383,400

New Business Corporations

5,903

4,511

5,098

Total State Revenues

$1,099,342,000 $1,068,000,000 $1,177,333,000

Deflated Total State Revenues

$619,347,600 $601,690,100 $681,327,000

-0.57 -0.86 -0.77 0.56 0.52 0.52 0.58 -14.37 -5.20
20.79 -14.31 -18.08 -18.22 30.87 2.93 2.93

-0.07 1.53 -3.57 -2.15 -2.07 -4.67 -45.46 47.61 76.92
-6.14 4.35 15.53 12.33 15.79 -6.62 -9.10

Georgia Department of Labor

Georgia Economic Indicators / October 2001 5

Georgia Economic Indicators
Nonagricultural Employment
4.13 1999-2000 2000-2001
4.07

MILLIONS

4.01

3.96

3.90

3.84

S

O

N

D

J

F

M

A

M

J

J

A

Monthly Data
Seasonally Adjusted

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

1999-2000
3,911,070 3,921,579 3,925,393 3,938,858 3,939,391 3,959,134 3,977,154 3,970,172 3,988,045 3,993,871 4,005,404 4,007,558

2000-2001
4,009,019 4,020,945 4,030,439 4,024,427 4,040,180 4,045,042 4,041,867 4,052,785 4,048,042 4,040,782 4,027,874 4,004,907

Retail Employment

753.4

1999-2000 2000-2001

741.1

728.7

THOUSANDS

716.3

703.9

691.5

S

O

N

D

J

F

M

A

M

J

J

A

Monthly Data
Seasonally Adjusted

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

1999-2000
706,692 709,943 715,004 722,770 709,013 715,823 719,353 720,379 720,877 721,421 723,043 721,309

2000-2001
718,769 726,337 733,610 735,734 732,765 731,550 734,253 734,736 739,086 739,249 738,695 732,350

Manufacturing Employment

610

1999-2000

2000-2001

598

586

THOUSANDS

575

563

551

S

O

N

D

J

F

M

A

M

J

J

A

6 Georgia Economic Indicators / October 2001

Monthly Data
Seasonally Adjusted

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

1999-2000
596,144 594,288 593,718 595,486 590,229 591,515 590,915 589,013 588,422 587,924 589,020 585,594

2000-2001
585,806 585,901 581,835 582,143 576,177 579,216 574,610 573,204 571,023 567,924 569,034 564,677

Georgia Department of Labor

Georgia Economic Indicators

Manufacturing Workweek

43.8

1999-2000

2000-2001

42.6

41.4

HOURS

40.1

38.9

37.7

S

O

N

D

J

F

M

A

M

J

J

A

Monthly Data
Seasonally Adjusted

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

1999-2000
41.2 41.7 42.2 42.4 42.0 41.6 41.3 41.9 40.6 41.0 41.2 41.4

2000-2001
41.0 41.3 40.9 40.8 40.7 40.0 40.3 39.1 39.8 40.3 40.3 40.6

Average Weekly Manufacturing Earnings

$561

1999-2000

2000-2001

$547

DOLLARS

$534

$521

$507

$494

S

O

N

D

J

F

M

A

M

J

J

A

Monthly Data
Seasonally Adjusted

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

1999-2000
$524.94 529.19 542.12 544.48 538.67 535.01 531.27 542.91 524.37 528.35 535.27 540.94

2000-2001
$539.33 542.76 543.47 535.92 525.05 522.38 526.21 510.55 523.71 531.47 527.00 529.72

Deflated Average Weekly Manufacturing Earnings

$338 $325

1999-2000

2000-2001

Monthly Data
Seasonally Adjusted
Month 1999-2000

2000-2001

DOLLARS

$313

$300

$287

$275

S

O

N

D

J

F

M

A

M

J

J

A

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

$312.65 314.62 322.11 323.52 319.31 315.27 310.50 317.12 306.11 306.64 310.12 313.05

$310.49 311.93 312.16 308.00 299.85 297.14 298.64 288.61 294.71 298.58 296.90 298.43

Georgia Department of Labor

Georgia Economic Indicators / October 2001 7

Georgia Economic Indicators

Nonagricultural Job Openings Unfilled*

24.5

1999-2000

2000-2001

20.2

THOUSANDS

15.9

11.6

7.3

3.0

S

O

N

D

J

F

M

A

M

J

J

A

* Jobs listed with the Georgia Department of Labor

Initial Unemployment Claims

74.8

1999-2000

2000-2001

62.0

THOUSANDS

49.2

36.4

23.6

10.9

S

O

N

D

J

F

M

A

M

J

J

A

Monthly Data
Seasonally Adjusted

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

1999-2000
17,162 16,894 17,741 18,997 16,116 18,335 19,359 18,446 17,760 15,990 16,354 15,881

2000-2001
14,124 13,640 12,566 11,507 10,951 11,955 11,596 10,661 9,448 7,826 8,612 8,662

Monthly Data
Seasonally Adjusted

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

1999-2000
29,589 27,653 28,483 32,536
30,852 27,421
26,430 25,740 28,821 29,186
31,422
34,375

2000-2001
34,313 38,271 45,620 43,776
50,354 45,517
45,582 52,459 60,285 50,442
59,258
50,742

Continued Unemployment Claims

354.2

1999-2000

2000-2001

294.0

THOUSANDS

233.8

173.6

113.4

53.1

S

O

N

D

J

F

M

A

M

J

J

A

8 Georgia Economic Indicators / October 2001

Monthly Data
Seasonally Adjusted

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

1999-2000
132,319 139,033 154,977 138,052
153,719 134,472
122,763
131,083 148,971 135,417
151,092
152,030

2000-2001
147,905 184,770 164,381 167,498
211,150 195,343
182,949
264,655 239,858 246,537
283,727
268,978

Georgia Department of Labor

Georgia Economic Indicators

Unemployment Rate *

5.1

1999-2000

2000-2001

4.5

PERCENTAGES

4.0

3.4

2.9

2.4

S

O

N

D

J

F

M

A

M

J

J

A

* Not Seasonally Adjusted

Insured Unemployment Rate

2.17

1999-2000

2000-2001

1.82

PERCENTAGES

1.48

1.13

0.79

0.44

S

O

N

D

J

F

M

A

M

J

J

A

Monthly Data
Not Seasonally Adjusted

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

1999-2000
4.2 % 4.1 3.7 3.8 3.6 3.8 3.9 3.5 3.7 4.4 4.1 3.8

2000-2001
3.8 % 3.7 3.2 3.0 3.3 3.6 3.7 3.6 3.5 4.2 4.0 3.8

Monthly Data
Seasonally Adjusted

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

1999-2000
0.90 % 0.88 0.88 0.85 0.87 0.83 0.83 0.85 0.85 0.89 0.92 0.97

2000-2001
0.94 % 0.95 1.04 1.21 1.18 1.18 1.28 1.33 1.51 1.58 1.75 1.65

New Motor Vehicle Sales

68

1999-2000

2000-2001

60

Monthly Data
Seasonally Adjusted

Month

1999-2000

2000-2001

THOUSANDS

51

43

35

27

S

O

N

D

J

F

M

A

M

J

J

A

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

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 47,789 50,078 42,210 41,964 50,688

Georgia Department of Labor

Georgia Economic Indicators / October 2001 9

Georgia Economic Indicators

Residential Construction

9,934

1999-2000

2000-2001

9,157

HOUSEHOLD UNITS

8,381

7,604

6,828

6,051

S

O

N

D

J

F

M

A

M

J

J

A

Monthly Data
Seasonally Adjusted

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

1999-2000
7,323 7,288 8,622 7,203 8,031 8,125 8,262 7,941 8,084 7,732 7,965 7,186

2000-2001
7,441 7,157 7,210 6,920 8,628 8,054 7,287 7,784 8,310 9,005 8,751 7,498

Nonresidential Construction

$1004

1999-2000

2000-2001

$833

$663

MILLIONS

$493

$323

$152

S

O

N

D

J

F

M

A

M

J

J

A

Deflated Nonresidential Construction

$875

1999-2000

2000-2001

$727

$580

MILLIONS

$433

$285

$138

S

O

N

D

J

F

M

A

M

J

J

A

10 Georgia Economic Indicators / October 2001

Monthly Data
Seasonally Adjusted

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

1999-2000
$474,775,000 365,637,000 431,639,000 724,342,000 480,575,000 391,992,000 555,717,000 789,116,000 548,667,000 654,704,000 426,077,000 393,006,000

2000-2001
$586,325,000 519,280,000 365,900,000 469,039,000 559,265,000 438,065,000 442,190,000 619,469,000 401,734,000 495,771,000 554,259,000 454,058,000

Monthly Data
Seasonally Adjusted

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

1999-2000
$428,497,300 328,514,800 386,081,400 646,157,000 421,557,000 343,551,300 487,899,000 689,786,700 477,932,900 568,813,200 368,260,200 339,383,400

2000-2001
$505,888,700 446,500,400 313,807,900 401,231,000 476,375,600 372,187,800 373,156,100 523,642,400 338,730,200 416,614,300 466,155,600 381,241,000

Georgia Department of Labor

Georgia Economic Indicators

New Business Corporations*

6,672

1999-2000

2000-2001

5,982

CHARTERS

5,292

4,602

3,912

3,222

S

O

N

D

J

F

M

A

M

J

J

A

* Includes limited liability companies

Total State Revenues

$1,683

1999-2000

2000-2001

$1,482

$1,281

MILLIONS

$1,080

$879

$679

A

S

O

N

D

J

F

M

A

J

J

A

Monthly Data
Seasonally Adjusted

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

1999-2000
4,622 4,049 4,427 4,762 4,731 4,588 4,696 4,296 5,172 4,652 4,203 5,098

2000-2001
4,274 4,566 4,779 4,381 4,880 4,498 5,033 4,745 4,617 4,686 4,511 5,903

Monthly Data
Seasonally Adjusted

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

1999-2000

2000-2001

$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 1,446,688,000 1,272,264,000 1,068,000,000 1,099,342,000

Deflated Total State Revenues

$940

1999-2000

2000-2001

Monthly Data
Seasonally Adjusted

MILLIONS

$832

$723

$614

$505

$397

S

O

N

D

J

F

M

A

M

J

J

A

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

1999-2000
$569,599,800 643,360,300 656,080,800 621,953,700 682,164,800 604,027,700 585,646,400 615,726,600 796,678,900 619,426,600 656,468,700 681,327,000

2000-2001
$639,990,800 705,540,800 658,754,200 636,546,000 775,640,200 617,042,100 521,725,300 545,102,900 814,118,200 714,755,100 601,690,100 619,347,600

Georgia Department of Labor

Georgia Economic Indicators / October 2001 11

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