Georgia economic indicators: historical series, Vol. 5 (1998)

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Georgia
Economic Indicators
Historical Series 1985-98 Data
Georgia Department ofLabor
MichaelL. Thurmond, Commissioner

Georgia Economic Indicators
Historical Series 1985-98 Data Volume5
Georgia Economic Indicators, Historical Series, is published annually by Labor Market Information, 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.
MichaelL.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 of the 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 of the Census, the U.S. Bureau of Labor Statistics and F.W. Dodge, a division of McGraw Hill Publishing Co.
As in companion publications Georgia Economic Indicators, Monthly Report and Metro Atlanta Economic Indicators, 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 1985-98 statewide 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.
Labor Market Information welcomes comments, suggestions or questions concerning Georgia Economic Indicators, Monthly Report, Metro Atlanta Economic Indicators and Georgia Economic Indicators, Historical Series. Please address letters to Spencer Hoynes, assistant commissioner, Labor Market Information, Georgia Department of Labor, 148 International Boulevard, Atlanta, Georgia 30303-1751. 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 , State Sales and Use Tax Collections 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
4.3

3.9

3A

3.0

,.-- .........

/

I,.,--'"

~

2.5

..v V i,,,-

l/
l_.....,
~

2.1

Monthly Averages
Seasonally Adjusted

Tull: ~ Tull: ~

1985 1986 1987 1988 1989 1990 1991

2,569,900 2,671,200 2,781,200 2,875,200 2,941,600 2,991,300 2,936,200

1992 1993 1994 1995 1996 1997 1998

2,986,700 3,107,700 3,266,100 3,403,800 3,521,200 3,614,300 3,739,900

Retail Employment
750

650

550

I

450

V""

/

~

350

-~ ,. V L-
V
- ../

250

~ ~ U

~

~ 00 ~

~

~

~

~

~

~

~ W

Monthly Averages
Seasonally Adjusted

Toi[ ~

Toi[

1985 1986 1987 1988 1989 1990 1991

447,358 471,775 499,542 518,733 527,508 529,725 518,342

1992 1993 1994 1995 1996 1997 1998

~
528,417 561,417 598,392 628,725 656,058 667,442 667,292

Manufacturing Employment
617

597

I'\

V 577 I ~

'\,~ ~

V

~

~ /

537

I~V v V"'v
V J
./

517

Monthly Averages
Seasonally Adjusted

Toi[ ~

Toi[ ~

1985 1986 1987 1988 1989 1990 1991

557,108 564,755 571,167 574,225 567,967 561,075 441,025

1992 1993 1994 1995 1996 1997 1998

545,158 558,075 577,325 587,225 585,100 588,608 593,108

3

Georgia Economic Indicators
Manufacturing Workweek
44

43

(J)

42

a:

2

41

40

39

~

~

~

~

$

oo ~

~ oo ~ ~ ~ n

~

~

Monthly Averages
Seasonally Adjusted

Tur ~ Toi!.: ~

1985 1986 1987 1988 1989 1990 1991

40.6 1992

41.4

41.0 1993

41.8

41.7 1994

42.4

41.4 1995

42.3

41.1 1996

42.4

41.0 1997

42.3

41.0 1998

41.9

Manufacturing Earnings
$500

$520

,.,_,, !,..Ar

,,,. /

~<Jl

$450

g

$380
,.,--
V i---
$310

-"
...,.. ~ ~ ~
- ~#

$240

Monthly Averages
Seasonally Adjusted

Xm.. ~ Toi!.: ~

1985 1986 1987 1988 1989 1990 1991

$328.69 340.85 353.75 358.56 364.50 375.40 392.09

1992 1993 1994 1995 1996 1997 1998

$408.11 421.59 438.62 453.52 474.48 493.16 503.07

Deflated Manufacturing Earnings
$325 $315 $305 $295 $285 $275
4

Monthly Averages
Seasonally Adjusted

Tut ~ Tu![ ~

1985 1986 1987 1988 1989 1990 1991

$305.54 310.98 311.34 303.26 294.05 287.34 287.89

1992 1993 1994 1995 1996 1997 1998

$290.84 291.83 295.92 297.61 302.49 307.23 308.62

Georgia Economic Indicators

Nonfarm Job Openings Unfilled*
22

18

-i\. ~ ~

I 14
i=

V \

,IJ-.

~
'4J,
v-'

V I 10

'-I"'

"'"\..

' V \I\..,

6

2

...

~

M

~

~

M

00

~

92 ~

~

~

~

~

~

W

Jobs listed with Georgia Department of Labor

Initial Unemployment Claims
67

Monthly Averages
Seasonally Adjusted

Tull:
1985 1986 1987 1988 1989 1990 1991

~
7,657 7,652 9,100 9,726 10,829 10,643 7,306

Tuu:
1992 1993 1994 1995 1996 1997 1998

~
8,669 12,258 16,801 16,167 14,257 12,485 16,203

56

45
34
23
12 ~ 8 6 8 7 ~ 8 9 0 0 91 9 2 9 3 ~ 9 5 9 6 9 7 98 99

Monthly Averages
Seasonally Adjusted

Tull:
1985 1986 1987 1988 1989 1990 1991

~
37,957 36,195 30,322 32,979 32,806 41,559 43,698

Tur
1992 1993 1994 1995 1996 1997 1998

~
37,481 33,486 31,342 34,241 30,963 26,128 30,100

Continuing Unemployment Claims
390 324
I 258 192 126 60

Monthly Averages
Seasonally Adjusted

Tulr
1985 1986 1987 1988 1989 l 990 1991

~
181,868 183,584 176,113 154,805 171,620 204,354 285,312

Tulr
1992 1993 1994 1995 1996 1997 1998

~ 241,789 194,941 172,485 176,457 168,714 156,899 142,956
5

Georgia Economic Indicators

Unemployment Rate
8.6

7.6

wen
"Iwz>'
a0 :
w 0.

\ 6.6 A.

f \

' I "' 5.6

~ lA ,..

j\..AI""

, J

- 4.6

\

' A 1 ~

- ~ -""\A,

3.6

2.6

Monthly Averages
Seasonally Adjusted

Tuu: ~ Tull: ~

1985 1986 1987 1988 1989 1990 1991

6.0% 6.5% 5.9% 5.5% 5.8% 5.5% 5.4%

1992 1993 1994 1995 1996 1997 1998

5.0% 6.9% 5.8% 5.2% 4.7% 4.4% 3.9%

Insured Unemployment Rate
3.2

2.6

ewn
~

2.0

z

w

0 aw :

0.

1.4

0.8

0.2

~

~

~

~

~

~

~

~

~

~ ~ 00 W

W

00

Monthly Averages
Seasonally Adjusted

Y!:iu: ~ Y!:iu:

1985 1986 1987 1988 1989 1'990 1991

1.83% 1.76% 1.58% 1.37% 1.38% 1.67% 2.30%

1992 1993 1994 1995 1996 1997 1998

~
1.94% 1.56% 1.31% 1.26% 1.19% 1.07% 0.92%

New Motor Vehicle Sales
60

51

I

L t\ J ll6 J

42
Pre-1990 Data Not Available I
1.

O/V
A

fl t'

33

W' ~~ I

24

15
6

Monthly Averages
Seasonally Adjusted

Toll:
1990 1991 1992 1993 1994

~ 32,542 28,455 29,623 35,383 41,506

Toll:
1995 1996 1997 1998

~
42,709 43,582 40,288 43,169

Georgia Economic Indicators
Residential Construction
10 8.2 6.4 4.6 2.8

Monthly Averages
Seasonally Adjusted

Ton: ~ Tou:

1985 1986 1987 1988 1989 1990 1991

6,213 6,336 5,422 5,460 4,354 3,238 3,208

1992 1993 1994 1995 1996 1997 1998

~
3,769 4,599 5,096 6,296 6,731 6,362 7,364

Nonresidential Construction
$600

$480

$360

"z '

0

:l

~

$240

$120

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

Monthly Averages
Seasonally Adjusted

Ton:

~ Ton:

~

1985 $245,792,000 1986 245,600,000 1987 278,208,000 1988 273,658,000 1989 273,183,000 1990 209,742,000 1991 197,358,000

1992 1993 1994 1995 1996 1997 1998

$213,967,000 202,217,000 243,300,000 326,375,000 297,650,000 358,686,000 403,900,000

Deflated Nonresidential Construction
$525

$425

$325

$225

$125

$25

85

86

87

88

89

90

91

92

93

94

95

96

97

98

99

Monthly Averages
Seasonally Adjusted

Tur

~ Tur

~

1985 $296,820,000 1986 285,013,000 1987 310,748,000 1988 295,809,000 1989 284,898,000 1990 213,355,000 1991 198,737,000

1992 $214,152,000 1993 194,901,000 1994 225,020,000 1995 290,324,000 1996 258,667,000 1997 302,387,000 1998 332,097,000

7

Georgia Economic Indicators

New Corporations*
4900

4000

I 3100 2200

1300

400

~

~

~

~

~

90

~

~

W

~

~

~



~

~

* Includes limited liability companies

Monthly Averages
Seasonally Adjusted

Tut ~

Tull:: ~

1985 1,763 1986 1,673 1987 1,839 1988 1,924 1989 1,982 1990 1,950 1991 1,863

1992 2,266 1993 2,382 1994 2,665 1995 3,040 1996 3,144 1997 3,465 1998 3,766

Total State Revenues
$1200

$~
., $780 g z
,= :Ii
$570

JI
J,J ]..,-.\i
~ ' .I
~ V
_,.,,,,. _,.,V"'- -~a - J~/

-~ ~
$360

$150

Monthly Averages
Seasonally A(ljusted

Tull::

~Tu![

1985 $382,114,000 1986 407,625,000 1987 443,837,000 1988 480,925,000 1989 547,712,000 1990 577,140,000 1991 572,385,000

1992 $609,590,000 1993 680,502,000 1994 741,464,000 1995 793,942,000 1996 854,588,000 1997 895,771,000 1998 972,225,000

Deflated Total State Revenues

$700

..

$610

,'

., $520
~
:i
$430

.. - alAl ~la ,_

l,.I l--1 " ' ~ ~
,)

!:Ar ~ l,..r ~

$340

$250
8

Monthly Averages
Seasonally Adjusted
Tull::

~

1985 $355,184,000 1986 371,863,000 1987 390,548,000 1988 406,647,000 1989 441,686,000 1990 441,740,000 1991 420,729,000

1992 $434,312,000 1993 471,019,000 1994 500,177,000 1995 521,001,000 1996 544,873,000 1997 558,029,000 1998 596,354,000

STATE OF GEORGIA - DEPARTMENT OF LABOR LABOR MARKET INFORMATION
148 INTERNATIONAL BOULEVARD, N.E. ATLANTA, GEORGIA 30303-1751
RETURN SERVICE REQUESTED