Georgia economic indicators: historical series, 1985-1999

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Georgia Economic Indicators
Historic Series 1985-99 Data
NUMBER 6 FEBRUARY 2000
Georgia Department of Labor
Michael L. Thurmond, Commissioner

Historical Series 1985-99 Data Number6
Georgia Economic Indicators, Historical Series, is published annually by Workforce Information and Analysis, a division of the Georgia Department of Labor. Offices are located at 148 International Boulevard, Atlanta, Georgia 30303-1751. The telephone number is (404) 656-3177.
Michael L. Thurmond Commissioner of Labor

Introduction
Georgia Economic Indicators, Historical Series, is designed to provide in a single publication historical data on a number of indicators used to measure movement of the state's economy. It is updated annually.
Data for these indicators have been collected and disseminated for many years by agencies ofthe state and federal governments and the private sector, 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 ofthe Census, the U.S. Bureau ofLabor Statistics andF.W. Dodge, a division of McGraw Hill Publishing Co.
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 1985-99 supplement. 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.
The publications are designed 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 letters to Amelia Butts, director, Workforce Infornation and Analysis, Georgia Department ofLabor, 148 International Boulevard, Atlanta, Georgia 303031751. The telephone number is (404) 656-3177.
Data Sources
Initial Unemployment Claims, Continuing Unemployment Claims, Insured Unemployment Rate, Nonagricultural Employment, Nonfarm Job Openings Unfilled, Weekly Manufacturing Earnings, Retail Employment, Manufacturing Employment and Manufacturing Workweek -- Georgia Department of Labor Seasonally Adjusted Unemployment Rate -- U.S. Bureau of Labor Statistics New Motor Vehicles and Total Revenue Collections -- Georgia Department of Revenue New Business Corporations -- Georgia Secretary of State Residential Construction -- U.S. Department of Commerce Nonresidential Construction -- F.W. Dodge, McGraw-Hill Construction Information Group
2

Georgia Economic Indicators

Nonagricultural Employment
4.5

4.0

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3.5

3.0 2.5

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Retail Employment
830

Monthly Averages
Seasonally Adjusted

Year Average Year Average

1985 1986 1987 1988 1989 1990 1991 1992

2,569,900 2,671,300 2,781,200 2,875,200 2,941,600 2,991,300 2,937,100 2,986,700

1993 1994 1995 1996 1997 1998 1999

3,108,800 3,266,100 3,403,800 3,521,200 3,614,400 3,740,700 3,889,800

730

"Cz ' l

630

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530

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430

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330

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Manufacturing Employment
626

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Monthly Averages
Seasonally Adjusted

Year Average

Year Average

1985 1986 1987 1988 1989 1990 1991 1992

447,300 471,800 499,500 518,700 527,500 529,700 518,100 528,600

1993 1994 1995 1996 1997 1998 1999

561,800 598,400 628,900 656,100 667,400 678,900 708,900

604

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582

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V 560

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538

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516

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Monthly Averages
Seasonally Adjusted

Year Average

Year Average

1985 1986 1987 1988 1989 1990 1991 1992

557,100 564,800 571,210 574,200 568,000 561,100 541,000 545,200

1993 1994 1995 1996 1997 1998 1999

558,100 577,300 587,200 585,100 588,600 594,800 599,100

3

Georgia Economic Indicators

Manufacturing Workweek
44

43 42 41 40 39
M M ~ ~ ~ oo ~ m ro ~ 96 96 ~ ~ ~ o

Monthly Averages
Seasonally Adjusted

Year Average Year Average

1985 1986 1987 1988 1989 1990 1991 1992

40.6 1993

41.8

41.0 1994

42.4

41.7 1995

42.4

41.4 1996

42.4

41.1 1997

42.4

41.0 1998

41.9

41.0 1999

41.8

41.5

Weekly Manufacturing Earnings
$610

$537
$464
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$391
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$318

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$245

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85 86 87 88 89 90 91 92 93 ~ 95 96 97 98 99 0

Deflated Manufacturing Earnings

Monthly Averages
Seasonally Admjusted

Year Average Year Average

1985 1986 1987 1988 1989 1990 1991 1992

$328.68 340.86 353.75 358.56 437.40 375.61 392.09 408.09

1993 1994 1995 1996 1997 1998 1999

$421.59 438.64 453.66 474.56 493.19 504.07 522.35

$335

$322

$309

:"a_s:,'

0



$296

$283

$270 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 0
4

Monthly Averages
Seasonally Adjusted

Year Average Year Average

1985 1986 1987 1988 1989 1990 1991 1992

$305.54 310.98 311.34 303.26 294.05 287.34 287.89 290.83

1993 1994 1995 1996 1997 1998 1999

$291.84 295.93 297.70 302.54 307.34 309.23 313.56

Georgia Economic Indicators ,
Nonfarm Job Openings Unfilled
22

18

Monthly Averages

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14

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10

Seasonally Adjusted
Year Average 1985 7,647

Year Average 1993 12,254

1986 7,693 1994 16,796

1987 9,078 1995 16,164

1988 9,723 1996 14,254

6

1989 10,823 1997 i2,295

1990 10,638 1998 16224

1991 7,301 1999 16,718

2

1992 8,566

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Initial Unemployment Claims
67

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45

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34

23

12
Continuing Unemployment Claims
390

Monthly Averages
Seasonally Adjusted
1985 37,161 1993 33,561 1986 36,090 1994 31,397 1987 30,302 1995 34,381 1988 32,930 1996 37,151 1989 32,810 1997 26,087 1990 41,583 1998 29,600 1991 43,713 1999 30,946 1992 37,523

324

258

192

126

60

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Monthly Averages
Seasonally Adjusted
1985 182,100 1993 1986 188,724 1994 1987 176,120 1995 1988 156,987 1996 1989 171,619 1997 1990 204,370 1998 1991 285,336 1999 1992 241,807

Average
194,927 172,473 173,201 168,783 156,694 142,734 141,786
5

Georgia Economic Indicators

Unemployment Rate
9.1

7.7

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6.3

4.9 3.5

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Monthly Averages
Seasonally Adjusted
Year Average Year Average

1985 1986 1987 1988 1989 1990 1991 1992

6.5% 5.9% 5.5% 7.5% 5.8% 5.5% 5.4% 5.0%

1993 1994 1995 1996 1997 1998 1999

6.9% 5.8% 5.2% 4.8% 4.5% 4.2% 3.8%

Insured Unemployment Rate
3.2

2.6

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0.8

Monthly Averages
Seasonally Adjusted

Year Average Year

1985 1986 1987 1988 1989

1.81% 1.74% 1.58% 1.38% 1.38%

1993 1994 1995 1996 1997

Average
1.56% 1.31% 1.26% 1.20% 1.07%

1990 1.65% 1998 0.92%

1991 2.30% 1999 0.90%

0.2

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1 1992

1.94%

New Motor Vehicle Sales
60

51

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42
!Pre-1990 Data Not Available

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Monthly Averages
Seasonally Adjusted
Year Average Year Average

24

15

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M oo ~ ~ M oo ~ m m ~ ~ oo ~ ~ ~ o

1990 1991 1992 1993 1994

32,538 28,443 29,618 35,380 41,527

1994 1995 1997 1998 1999

47,753 43,591 40,333 43,939 45,886

6

Georgia Economic Indicators

Residential Construction
10
8.2
z~ 6.4
:,
9
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~ 4.6 ~
2.8

Monthly Averages
Seasonally Adjusted
Year Average

1985 1986 1987 1988 1989 1990 1991 1992

6,213 6,336 5,422 5,460 4,354 3,638 3,208 3,769

1993 1994 1995 1996 1997 1998 1999

4,599 5,101 6,989 6,722 6,315 7,346 7,340

Nonresidential Construction
$600

$480
$360
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0
:3
:1 $240
$120
$0

Monthly Averages
Seasonally Adjusted
Average
1985 $245,690,000 1993 $213,540,000 1986 245,440,000 1994 243,700,000 1987 278,150,000 1995 340,490,000 1988 273,510,000 1996 300,010,000 1989 273,200,000 1997 384,220,000 1990 209,630,000 1998 480,780,000 1991 197,130,000 1999 434,700,000 1992 205,530,000

Deflated Nonresidential Construction

$525

$425 $325 $225

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$125

$25

Monthly Averages
Seasonally Adjusted
1985 $296,685,000 1993 $205,864,000 1986 284,815,000 1994 225,416,000 1987 310,682,000 1995 280,064,000 1988 295,641,000 1996 260,722,000 1989 284,907,000 1997 323,300,000 1990 213,247,000 1998 395,267,000 1991 198,509,000 1999 342,935,000 1992 205,784,000

7

Georgia Economic Indicators
New Corporations

Monthly Averages
Seasonally Adjusted

Year Average Year Average

1985 1986 1987 1988 1989 1990 1991 1992

1,769 1,717 1,836 1,923 1,979 1,950 1,863 2,265

1993 1994 1995 1996 1997 1998 1999

2,382 2,664 3,040 3,143 3,502 3,785 4,287

Total State Revenues
$1200

$990
"' $780
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$570
$380
$150

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Monthly Averages
Seasonally Adjusted

Year

Average Year

Average

1985 $386,415,000 1993 $680,547,000 1986 407,511,000 1994 740,294,000 1987 445,963,000 1995 791,810,000 1988 480,924,000 1996 854,101,000 1989 547,944,000 1997 899,932,000 1990 576,926,000 1998 978,042,000 1991 572,394,000 1999 1,047,749,000 1992 609,634,000

Deflated Total State Revenues
$775

$667 $559
$451

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$343

$235 ,...
8

Monthly Averages
Seasonally Adjusted

Year

Average Year

1985 $355,184,000 1993 $470,995,000 1986 371,757,000 1994 499,383,000 1987 392,381,000 1995 519,599,000 1988 406,432,000 1996 544,563,000 1989 441,873,000 1997 560,610,000 1990 441,573,000 1998 599,919,000 1991 420,285,000 1999 628,879,000 1992 434,341,000

STATE OF GEORGIA - DEPARTMENT OF LABOR WORKFORCE INFORMATION AND ANALYSIS 148 INTERNATIONAL BOULEVARD, N.E. ATLANTA, GEORGIA 30303-1751
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