Georgia economic indicators: historical series, Vol. 1 (1994)

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Georgia Economic Indicators
Historical Series 1980-94 Data

C::CEIVE JUL16199~
DOCUMENTS r;A LIBRARIES
Georgia Department of Labor
David Poythress, Commissioner

Georgia Economic Indicators
Historical Series 1980-1994 Data
Volume 1, Issue 1
Georgia Economic Indicators, Historical Series, is published annually by the Georgia Department of Labor's Labor Information Systems, 148 International Boulevard, Atlanta, Georgia 30303-1751. The telephone number is (404) 656-3177.

Milton Martin Assistant Commissioner
Labor Information

David Poythress Commissioner of Labor

Spencer Hoynes Director
Labor Information Systems

Introduction
Georgia Economic Indicators, Historical Series, is designed to provide in a single publication historical data on a number ofindicators used to measure movement of the state's economy. It will be updated annually.
Data for these indicators have been collected and disseminated for many years by agencies of the state and federal governments, but not under a single cover. Contributing agencies include Georgia's Department of Labor, Department of Revenue and Office of Secretary of State and the U.S. Department of Commerce, Bureau of the Census.
As in Georgia Economic Indicators, Monthly Report, a companion publication, data are presented in graphic and tabular form. Figures are seasonally adjusted, using the X-11 ARIMA method. Monthly indicators show movement over the last 24 months. The historical series is a 1980-94 supplement. Where appropriate, companion graphs and tables show data which have been deflated by U.S. consumer and construction price indexes. The purpose is to adjust for inflation and show growth in constant dollars.
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.
Labor Information Systems welcomes comments, suggestions or questions concerning Georgia Economic Indicators, Historical Series and Georgia Economic Indicators, Monthly Report. Please address your letters to: Spencer Hoynes, Director, Labor Information Systems, Georgia Department of Labor, 148 International Boulevard, Atlanta, Georgia 30303-1751. The telephone number is (404) 656-3177.
Data Sources
Continuing Unemployment Claims, Initial Unemployment Claims, Unemployment Rate, Insured Unemployment Rate, Manufacturing Earnings, Manufacturing Employment, Manufacturing Workweek, Nonagricultural Employment, Nonfarm Job Openings Unfilled and Retail Employment Georgia Department of Labor New Automobile Registrations and Total Revenue Collections - Georgia Department of Revenue Nonresidential Construction and Residential Construction -- U.S. Bureau of Census New Business Corporations -- Georgia Secretary of State
2

Historical Series

Nonagricultural Employment
3.8

3.3 2.8

------- -- l---'l---'V

V V
-

2.3
-

-- / ,/

1.8 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94

Monthly Averages
Seasonally Adjusted

Tuai: ~ .fur ~

1980 1981 1982 1983 1984 1985 1986 1987

2,160,100 2,198,200 2,210,200 2,278,600 2,448,800 2,569,700 2,671,700 2,781,200

1988 1989 1990 1991 1992 1993 1994

2,875,200 2,939,400 2,992,300 2,936,100 2,987,100 2,108,800 3,263,400

Retail Employment
650

600

550 500 450
400
-- 350
300

./'" i,.,--""
/ V
V
/ ___. V

~
/
/ ~/
~

Monthly Averages
Seasonally Adjusted

.fur ~

Tull: ~

1980 1981 1982 1983 1984 1985 1986 1987

342,000 350,000 357,200 377,800 414,700 447,300 471,800 499,900

1988 1989 1990 1991 1992 1993 1994

518,800 527,500 529,600 518,300 528,300 561,700 596,600

Manufacturing Employment

595

575

.,...~

I

555 535

r~ J ~ /

I'\ "'\.,~

/
/

''-

Y --

v

\ V \;~
515 ....,

I

495

'Y

475

Monthly Averages
Seasonally Adjusted

Tou: ~

.fur ~

1980 1981 1982 1983 1984 1985 1986 1987

520,200 525,100 500,800 511,100 546,500 557,200 564,800 571,200

1988 1989 1990 1991 1992 1993 1994

574,300 568,000 561,100 541,300 545,200 557,900 576,100

3

Historical Series

Manufacturing Workweek
44

42

~

::,

~

40

38

36 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94

Monthly Averages
Seasonally Adjusted

Toll: ~ Toll: ~

1980 40.1 1981 40.0 1982 39.0 1983 41.1 1984 41.0 1985 40.7 1986 40.9 1987 41.7

1988 41.4 1989 41.1 1990 41.0 1991 41.0 1992 41.5 1993 41.8 1994 42.4

Weekly Manufacturing Earnings
$475

$425

$375
I $325
$275
$225

,..,~i-r y
,../ ~
,.,.,.,-. v
/

,.,., ,,-,J
V __, l,lv'
~/'V,...

$175 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94

Monthly Averages
Seasonally Adjusted

Toll: ~

Tull: ~

1980 $231.60 1981 254.79 1982 263.76 1983 292.94 1984 310.51 1985 328.71 1986 341.24 1987 354.39

1988 $358.56 1989 364.49 1990 375.41 1991 392.10 1992 408.09 1993 422.08 1994 438.34

Deflated Weekly Manufacturing Earnings

$320
$310
$300
I $290
$280
$270

\ ,J ~

. AA VlA

J\f j ~w' fVV

V.,

"

~ -

\/v

.
~ ~~

',l\r.l' ,,._r,N

V "1 rJ

4

Monthly Averages
Seasonally Adjusted

Tull: ~ Tuil: ~

1980 $281.06 1981 280.30 1982 273.32 1983 294.11 1984 288.58 1985 305.50 1986 311.35 1987 312.11

1988 $303.09 1989 293.95 1990 287.23 1991 287.88 1992 290.87 1993 292. 10 1994 295.78

Historical Series

NoI'lagricultural Job Openings Unfilled
21

16

/.J Monthly Averages

I

Seasonally Adjusted

<I)

C

~

11

::,

0
i!:

6

v

V V ~

V'"\,J

. _,., ~

,J

\ V v [\A,.,

Toi[ ~

1980 1981 1982 1983

4,610 4,225 3.044 3,458

Toi[ ~

1988 1989 1990 1991

9,358 10,834 10,653 7,308

V t-\.

)
\__ l"v-

1984 1985 1986

6,340 7,647 7,704

1992 1993 1994

8,616 12,235 16,760

80

81

82

83

84

85

86

87

88

89

90

91

92

93 94

1987 9,091

Initial Unemployment Claims

80
~
70
I I
60

)
50 ~ ' \Jl
40 30

\

\ V I \. r A

J .
v~

I"\ j Jv, lfar I'

~\\i V"
-'\\-1' tJv\..

V"

20

80 81

82

83 84 85

86

87 88 89 90 91

92 93 94

Monthly Averages
Seasonally Adjusted

~ Average

Year Average

1980 1981 1982 1983 1984 1985 1986 1987

53,939 53,485 69,449 36,092 37,765 37,162 36,111 30,272

1988 1989 1990 1991 1992 1993 1994

32,936 32,806 41,577 43,769 37,576 34,189 31,460

Continued Unemployment Claims
350 300 250 200 150 100
80 81 82 83 84 85 86 87 88 89 90 91 92 93 94

Monthly Averages
Seasonally Adjusted

Tuu: ~

Tuu: ~

1980 1981 1982 1983 1984 1985 1986 1987

228,216 198,673 280,272 252,229 166,962 189,899 183,553 182,151

1988 1989 1990 1991 1992 1993 1994

148,078 159,706 198,108 291,818 270,739 177,570 185,936

5

Historical Series

Unemployment Rate
9.5

8.5

j ~

f3
~
~
l!!

7.5

V

IA' 6.5

I
V

5.5

\
V

1'...

' ' ""\., .,.../\ JYI.. )

v-

.

\ ' ' '.1\

4.5

\ .

3.5

Monthly Averages
Seasonally Adjusted

Tu!r ~
1980 6.4 1981 6.4 1982 7.8 1983 7.5 1984 6.0 1985 6.5 1986 5.9 1987 5.5

Tu!r ~
1988 5.8 1989 5.5 1990 5.4 1991 5.0 1992 6.9 1993 5.8 1994 5.2

Insured Unemployment Rate

3.70

IV\

3.20
f\ I
I J t \ 2.70 2.20
au :
l!! 1.70
1.20

1

" \

~

\

. AIv\\
V ~

hi "'\.hf'~ VI

V ~
~
""""

0.70

Monthly Averages
Seasonally Adjusted

Toll: Amage,

Tull: ~

1980 2.70 1981 2.51 1982 3.33 1983 2.43 1984 1.73 1985 1.81 1986 1.76 1987 1.58

1988 1.37 1989 1.38 1990 1.67 1991 2.30 1992 1.94 1993 1.56 1994 1.31

New Automobile Titles
50

45

40
I 35 30

Pre-1990 Figures Not Available I

25

6

I hA



I '''l


'I

yI~!'i'i\

I

Monthly Averages
Seasonally Adjusted

Toll: Amage,

Toll: ~

1990 32,571 1991 28,480 1992 29,539

1993 35,324 1994 40,457

Historical Series

Resldential Construction

7000

~ :z ,

~

5000

ili

:",'

:0,:

3000

1000
80 81 82 83 84 85 86 87 '18 89 90 91 92 93 94

Monthly Averages
Seasonally Adjusted

Toll: ~

Toll: ~

1980 2,946 1981 2,654 1982 3,223 1983 5,643 1984 5,744 1985 6,224 1986 6,333 1987 5,428

1988 1989 1990 1991 1992 1993 1994

5,459 4,352 3,238 3,207 3,767 4,594 5,093

Nonresidential Construction

$260

$210 $160 $110

MI I

I I\J

l ~~ ifJ( ~
I'{-,~ ll'i

'I/ ~,J,

.. ~ /\A f\
W'J\ t1' y

,Jj . $60 u~, ~ ~I VY

$10 80 81

I

Monthly Averages
Seasonally Adjusted

Toll: ~

Toll: ~

1980 $63,750,000 1981 72,000,000 1982 72,416,700 1983 111,166,700 1984 148,333,300 1985 169,833,300 1986 201,083,300 1987 218,000,000

1988 $214,166,700 1989 I79,250,000 1990 I80,500,000 1991 149,750,000 1992 149,666,700 1993 I64,500,000 1994 197,750,000

Deflated Nonresidential Construction
$300

$250

j I

$200

'lr,

l
I'

~

Nr

'VI
~

$150

/\I
I '

:1 ~v $100

~"l'f-Jl

)

~ ~A

n

~ v
.h.A 1N

'"" t \ '

$50 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94

Monthly Averages
Seasonally Adjusted

Toll:~

1980 $ 92,650,000 I98 I 97,067,000 I982 95, I84,000 1983 142,692,000 1984 183,984,000 1985 204,667,000 1986 232,934,000 1987 243,575,000

I988 $23 I,350,000 I989 I86,992,000 I990 I83,425,000 1991 150,717,000 1992 149,634,000 1993 159,067,000 1994 183,408,000

7

Historical Series

" New Corporations
3200 2700
"a:' 2200
I 1700 1200 700 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94

Monthly Averages
Seasonally Adjusted

Toi[ ~

Toi[ ~

1982 1983 1984 1985 1986 1987 1988

1,323 1,524 1,746 1,768 1,678 1,837 1,925

1989 1990 1991 1992 1993 1994

1,982 1,948 1,862 2,292 2,382 2,561

Total State Revenues
$900

$700

_,

~ $500 3
:il

V j N ' ~ ~
_...r 1.,...1""
.,,.,- -r-'"

,../

c..- $300

~ i,...,-~

100 $ 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94

Monthly Averages
Seasonally Adjusted

fur ~

Tu![ AYmge_

1980 $228,616,200 1988 1981 254,905,600 1989 1982 271,148,500 1990 1983 297,489,300 1991 1984 345,041,900 1992 1985 386,428,700 1993 1986 407,882,800 1994 1987 443,789,800

$481,107,500 547,397,300 577,009,100 572,173,100 609,460,700 677,708,200 742,757,500

Deflated Total State Revenues

$520 $470 $420 $370

I~ ./ - ,,--rv.,..I' ,-,,/"'~

,(\.,. _A

I ~

JI"

.. - $320

$270

. i.,J ,~~./

$220 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94
8

Monthly Averages
Seasonally Adjusted

Tu![ ~

Tu![ ~

1980 $277,110,535 1988 $406,684,277 1981 280,424,184 1989 441,449,395 1982 280,982,902 1990 441,772,953 1983 298,684,070 1991 420,097,712 1984 332,090,391 1992 434,398,194 1985 359,134,448 1993 469,002,191 1986 372,155,870 1994 501,185,897 1987 390,660,065

STATE OF GEORGIA - DEPARTMENT OF LABOR

LABOR INFORMATION SYSTEMS

,(

148 INTERNATIONAL BOULEVARD, N.E.

ATLANTA, GEORGIA 30303-1751