- Collection:
- Georgia Government Publications
- Serial:
- Georgia economic indicators. Historical series.
- Title:
- Georgia economic indicators: historical series, Issue 10 (2003)
- Creator:
- Georgia. Labor Information Systems
- Contributor to Resource:
- Georgia. Labor Information Systems.
- Publisher:
- Atlanta, Ga. : Georgia Dept. of Labor, Labor Information Systems, 2003
- Date of Original:
- 2003
- Subject:
- Georgia--Economic conditions--Statistics
- Location:
- United States, Georgia, 32.75042, -83.50018
- Medium:
- state government records
- Type:
- Text
- Format:
- application/pdf
- Description:
- Title from cover
- External Identifiers:
- Call Number GA L200.E46 S1 E2 1990-2003
- Metadata URL:
- https://dlg.galileo.usg.edu/id:dlg_ggpd_y-ga-bl200-pe46-bs1-be2-b1990-h2003-belec-p-btext
- Digital Object URL:
- https://dlg.galileo.usg.edu/do:dlg_ggpd_y-ga-bl200-pe46-bs1-be2-b1990-h2003-belec-p-btext
- Language:
- eng
- Holding Institution:
- University of Georgia. Map and Government Information Library
- Rights:
-
GEORGIA
HISTORICAL SERIES
Economic
Indicators
Annual Report of Georgia State Labor Market and Economic Trends
1990 - 2003
Issue 10
Georgia Department of Labor
Michael L. Thurmond Commissioner
Georgia Economic Indicators
Historical Series 1990 - 2003 Data Issue 10
Cover art: The State Capitol - Huey J. Theus
Georgia Economic Indicators, Historical Series, is published by Workforce Information and Analysis, a division of the Georgia Department of Labor, 148 Andrew Young International Boulevard, Atlanta, Georgia 30303-1751. The telephone number is (404) 232-3875.
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
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.
As in Georgia-Atlanta Economic Indicators,Quarterly Report, a companion publication, data are presented in graphic and tabular form. Figures are seasonally adjusted, using the X-11 ARIMA method. Companion graphs show monthly data movements over the historical time series; whereas, data tables display yearly averages for the historical time period. The historical series is a 19902003 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.
Please note: Annually, employment estimates are adjusted to a count of all employees in a geographical area (known as benchmarking). Revisions to 2003and 2002 nonfarm jobs have been completed. These newly benchmarked series are reflected in this issue. Employment data have been converted to the North America Industry Classification System (NAICS). Seasonal factors were updated March 4, 2004.
Workforce Information and Analysis welcomes comments, suggestions or questions concerning Georgia-Atlanta Economic Indicators, Quarterly Report and Georgia Economic Indicators, Historical Series. Please address letters to Bill Webb, Workforce Information and Analysis, Georgia Department of Labor, 148 Andrew Young International Boulevard, Atlanta, Georgia 30303-1751. The telephone number is (404) 232-3875.
Data Sources
Initial Unemployment Claims, Continuing Unemployment Claims, Insured Unemployment Rate, Nonagricultural Employment, Nonfarm Job Openings Unfilled, Weekly Manufacturing Earnings, Retail Employment, Manufacturing Employment, Manufacturing Workweek and unemployment rate -- Georgia Department of Labor 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 U.S. Consumer Price Index -- U.S. Bureau of Labor Statistics Construction Price Deflator Index -- U.S. Census Bureau (1996=100)
MILLIONS
Georgia Economic Indicators
4.5
4.0 3.5
3.0
2.5
Nonagricultural Employment
2.0
' 91
' 93
' 95
' 97
' 99
' 01
' 03
THOUSANDS
565
535
505
475
445
Manufacturing Employment
415
'91
'93
'95
'97
'99
'01
'03
580
510
440
370
300
Retail Employment
230
'91
'93
'95
'97
'99
'01
'03
THOUSANDS
7.5
6.0
4.5
3.0
1.5
New Business Corporations
0.0
'91
'93
'95
'97
'99
'01
'03
THOUSANDS
Employment
Period 1990
Nonagricultural 2,992,200
Retail* 358,300
Manufacturing* 506,600
1991
2,937,600
345,000
483,600
1992
2,986,300
347,900
491,500
1993
3,109,400
363,300
511,600
1994
3,265,700
385,600
526,900
1995
3,402,100
405,600
540,200
1996
3,527,300
427,000
544,500
1997
3,614,200
434,900
547,700
1998
3,740,600
444,000
545,800
1999
3,854,200
455,600
543,700
2000
3,949,600
469,600
534,900
2001
3,942,500
460,600
498,300
2002
3,869,500
451,100
466,700
2003
3,860,400
443,600
451,700
* Annual averages may vary from officially published series due to seasonal adjustments and rounding. Includes limited liability companies
2
New Business Corporations
1,948 1,860 2,183 2,397 2,660 3,040 3,146 3,601 3,863 4,298 4,630 4,444 5,099 5,605
HOURS
Georgia Economic Indicators
44.5
43.0
41.5
40.0
38.5
Manufacturing Workweek
37.0
'91
'93
'95
'97
'99
'01
'03
DOLLARS
$365
$340
$315
$290
$265
$240 ' 91
Deflated Manufacturing Earnings
' 93
' 95
' 97
' 99
' 01
' 03
$675
$600
$525
$450
$375
Weekly Manufacturing Earnings
$300
' 91
' 93
' 95
'97
' 99
' 01
' 03
THOUSANDS
27
22
17
12
7
Nonfarm Job Openings Unfilled
2
'91
'93
'95
'97
'99
'01
'03
DOLLARS
Period 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003
Avg. Workweek 40.9 40.9 41.4 41.7 42.4 42.3 42.3 42.4 41.8 41.9 41.4 40.4 40.9 39.8
Manufacturing Wkly Earnings
$374.88 391.47 407.93 420.22 438.63 452.83 473.54 493.14 503.02 522.31 538.13 505.21 547.31 560.16
Deflated Wkly Earnings $286.83 287.42 290.75 290.81 295.97 297.14 301.81 307.25 308.60 313.51 312.50 285.27 304.23 304.43
Nonfarm Job Openings Unfilled
10,909 7,397 8,683 12,128 16,792 16,170 14,443 12,492 15,868 16,979 15,844 9,089 9,994 12,760
3
THOUSANDS
Georgia Economic Indicators
80
9.0%
65
7.5%
PERCENTAGES
50
6.0%
35
4.5%
20
3.0%
Initial Unemployment Claims
5
1.5%
Unemployment Rate*
'91
'93
'95
'97
'99
'01
'03
'91
'93
'95
'97
'99
'01
'03
425
3.2%
350
2.6%
PERCENTAGES
275
2.0%
200
1.4%
125
0.8%
Continued Unemployment Claims
50
0.2%
Insured Unemployment Rate
'91
'93
'95
'97
'99
'01
'03
'91
'93
'95
'9 7
'99
'01
'0 3
THOUSANDS
Period
Initial Claims
1990
41,278
1991
43,798
1992
37,550
1993
33,985
1994
32,285
1995
33,995
1996
30,866
1997
25,502
1998
29,949
1999
30,805
2000
33,272
2001
54,960
2002
47,735
2003
51,021
* Not seasonally adjusted
4
Unemployment Continued Claims
204,574 285,859 242,314 195,731 173,018 176,560 169,247 159,731 142,531 141,390 149,180 267,100 317,433 305,043
Rate* 5.5% 5.0 7.0 5.8 5.2 4.9 4.6 4.5 4.2 4.0 3.7 4.0 5.1 4.1
Insured Rate 1.64% 2.31 1.94 1.55 1.34 1.26 1.20 1.07 0.93 0.89 0.93 1.60 1.97 1.92
THOUSANDS
Georgia Economic Indicators
80
$1,000
65
$800
50
$600
MILLIONS
35
$400
20
$200
New Motor Vehicle Sales
5
' 91
' 93
' 95
' 97
' 99
'01
'03
Nonresidential Construction
$0
'91
'93
'9 5
'97
'99
'0 1
'03
13
$1,000
10
$800
8
$600
MILLIONS
5
$400
3
0 '91
Residential Construction
'93
'95
'97
'99
'01
$200
Deflated Nonresidential Construction
$0
'03
'91
'93
'95
'97
'99
'01
'03
THOUSANDS
Period 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003
# Household units
New Motor Vehicle Sales
32,572 28,469 29,975 36,459 41,547 42,800 43,525 40,406 43,969 46,914 48,155 47,106 44,741 43,461
Residential # 3,423 3,208 3,768 4,597 5,109 6,432 6,614 6,356 7,356 7,554 7,689 7,745 8,004 7,907
Construction Non-residential $217,465,000
194,721,000 205,444,000 212,951,000 252,999,000 364,953,000 312,783,000 398,973,000 482,544,000 533,760,000 513,770,000 490,243,000 455,809,000 416,098,000
Deflated Non-residential $260,749,000 231,535,000 239,445,000 236,612,000 269,148,000 372,021,000 312,783,000 387,700,000 457,000,000 483,500,000 444,800,000 404,200,000 366,400,000 318,600,000
5
BILLIONS BILLIONS
Georgia Economic Indicators
$2.0
$1.6
$1.2
$0.8
$0.4
Total State Revenue
$0.0
'9 1
'9 3
'9 5
'9 7
'9 9
'0 1
'0 3
$1.0
$0.8
$0.6
$0.4
$0.2
Deflated Total State Revenue
$0.0
'91
'93
'95
'97
'99
'01
'03
Period 1990 1991 1992 1993 1994 1995 1996
Revenue $577,976,000 568,448,000 608,900,000 679,816,000 733,237,000 786,966,000 859,201,000
Total State
Deflated Revenue
Period
$442,216,000
1997
417,363,000
1998
433,999,000
1999
470,461,000
2000
494,762,000
2001
516,382,000
2002
547,611,000
2003
Revenue $899,369,000
977,495,000 1,044,295,000 1,132,676,000 1,124,198,000 1,059,560,000 1,074,967,000
Deflated Revenue $560,355,000 599,690,000 626,828,000 657,768,000 634,781,000 588,972,000 584,221,000
6