Georgia Tech COVID-19 Economic Research
ARCHIVED NOVEMBER 2020
The COVID-19 pandemic and subsequent economic shutdown have wreaked havoc on global economies. We, a group of Georgia Tech students, supported by faculty, have created this web site to document the far-ranging effects of the virus on the health and well being of the statewide economy and its residents. What follows are descriptions of the effect of the pandemic on multiple sectors of the Georgia economy including employment, healthcare, sales tax, transportation, air travel, hotels, public companies, municipal bonds and real estate. We plan to update this data regularly, daily in some cases, to provide state residents and other interested parties with the knowledge to facilitate understanding and decision making in the current and post-Covid environment. Our project is under the guidance of the Financial Services Innovation Lab at Georgia Tech and sponsored by the Speedwell Foundation.
COVID-19 Positivity Rate in Georgia
A dive into the positivity rate and how it is being used to classify the level of the coronavirus pandemic spread in different areas.
Georgia Tech COVID-19 Confirmed Cases Daily Status Report
Notifications of confirmed cases of Covid-19 at Georgia Tech are reported on a daily basis on this Georgia Tech webpage. A confirmed case is defined as a person who has tested positive for 2019 novel coronavirus.
Age and Existing Conditions of Fatalities
Most of the people who have passed away due to the coronavirus are those in the senior age groups. In addition, a majority of people who died from the corona had a pre-existing comorbidity or chronic illness. Unfortunately, we do not have statistics on infections by age or comorbidity, otherwise we could narrow down the virus characteristics more accurately.
Unemployment 11/2-11/6
Total preliminary initial unemployment claims were down -38% from the previous week, or down 14,127 claims since last week. Continuing claims dropped by 5%. Among the most improved industries were Retail Trade and Accommodation & Food Services.
Construction Industry - November 16th
The construction jobs in Georgia was back to last year's level in September, around 2 percent increase from August. The increase in Atlanta construction job market made up nearly 60% of state's rise. The building permits in Georgia had a sharp rise in September, more than 23% higher than September 2019. Building permits in Atlanta-Sandy Springs-Alpharetta also saw a significant increase of 484 units compared to August.
COVID Conversations Podcast
A series of interviews with topical experts on how COVID-19 is changing the Georgia economy.
Movie Theater Industry November 2nd
Movie theater foot traffic slightly increased between October 9th and October 23rd, inching up 1%. This doesn't correspond with the regal cinema closures and film delays. There may be a discrepancy with the data.
Georgia Sales Tax: September
September Sales Tax Overview September Sales Tax Highlights Gross Sales and Use Tax Collections: Increased by 4.2% ($43.8 million) over last year’s roughly $1.05 billion in collections. Net Sales and Use Tax: Decreased by -37.3% (-$189.6 million) totaling to $319.2 million for the month Adjusted Sales Tax Distribution to Local Governments: Increased 45.4% (+$240 million) […]
Municipal Bonds Week of November 9-13
For the week of November 9-13, the index comprising 30 bonds was up 1.7% Year-to-Date, up 0.1% in this figure since last week. Notably, the best performing bonds, development authorities of various northern Atlanta suburbs, saw the greatest improvements this week.
Destination Mobility
Mobility in Georgia dropped dramatically in early March when public safety precautions were first put into place. Between April 7th and June 5th, general mobility grew steadily, and, since June 19th, it has held steady at around 80% of typical mobility values. Fulton County has seen a rapid increase in the mobility beginning on July 6th that has continued in the last few weeks.
Airline Industry November 2nd
FAA traffic out of ATL is down 3% vs last month and down 39% of what it was last year. A contributing factor for higher air traffic vs passenger traffic is that one of Delta's hubs is out of ATL. Since Delta has continued to fly their planes at only 60% capacity, they must fly more planes to meet customer demand.
Restaurant Industry November 2nd
Restaurant Reservations stayed relatively stable over the last two weeks, with a slight decline. Casual dining establishments averaged 78% capacity in the last two weeks. This is up 2% from the last two weeks. Bars are up a similar amount, climbing 3% over the last report to 85% capacity. Fast food remains unaffected, it is slightly (2%) above what it was last year.
Hotel Industry: 11/01-11/07
Hotel Industry: 11/01-11/07 Hotel Weekly Review Nationally, hotel occupancy was down 35.9% compared to 2019 this week. Atlanta was 2nd out of the 25 biggest lodging markets in the US for the least occupancy rate declines (-32.5%), holding steady from last week’s ranking of 2nd out of 25. Nationally, hotel occupancy rates by location deteriorated […]
Public Company Equities Week of November 9-13
For the week of November 9-13, the Georgia public firms index rallied 4.3% in price since last Friday's close, continuing upon last weeks 8.4% rally. The index is up +8.4% YTD and up +3.7% since February 19th.
Office and Retail Real Estate Tracking
We track daily real estate data including vacancy rates and asking rents per square foot compared to previous year for both the office and retail spaces in the Atlanta Metro Area. We also compare vacancies % increase from last year. When it there is volatility in the daily information we smooth this data by using weekly average instead.
Small Business Administration-August 10th
Weekly Recap In the July 31st edition of the Paycheck Protection Program report, the Small Business Administration released updated loan approval data. The cumulative amount of loans outstanding in GA for the last two weeks increased by 6949—from 160,449 to 167,398 active loans. The cumulative dollar amount of loans in GA for the last two […]
Atlanta Regional Commission's Operations Resources for COVID-19
Includes the COVID-19 Weekly Report with the latest data about the state of the novel corona virus in the Atlanta area.
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