Unemployment 7/13-7/17

General Preliminary initial unemployment claims for the week ended July 18th were 120,281, which is down 18,171 claims from the previous week. Preliminary insured unemployment claims for the week ended July 11th were 695,827. This is down 96,890 from the previous week’s revised continuing claims number of 792,717 for the week ended July 4th. Since […]

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Metro Atlanta Sublet Vacancies

Subletting properties has become very popular recently. A sublet is the leasing of a property to someone other than the main tenant. Also known as subleases, these are very popular in college areas with students who need to fill their apartment during a semester when they will not be in the area. Subletting allows someone […]

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Metro Atlanta Retail and Office Vacancies

The total square footage of vacant retail and office space in Metro Atlanta has been increasing for the past few years. Because of the current pandemic and subsequent lock-downs, those numbers are only continuing to increase. Below are graphs depicting the changes in vacancies in retail and office space over the last 20 years. I […]

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Restaurant Industry-July 13th

Reservations Barring the abnormal spikes and dips, restaurant reservations have plateaued over the past two weeks. Similar to foot traffic for bars and casual dining, it seems that consumers are being a bit more cautious about their dining patterns due to the resurgence of COVID-19 cases. Since the abnormal spike and dip, it seems reservations […]

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Airlines Industry-July 13th

TSA Checkpoint With every TSA summary I have written so far, there has been a new traffic high. This week, however, has been the first time the previous week performed better than the current week. The high this week was 755,555—9206 lower than the previous week’s high. While this could just be chalked up to […]

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Small Business Administration-July 13th

SBA In their most recent Paycheck Protection Program report, the Small Business Administration released loan approval data through to June 30th. In just the three days since their previous report, the number of approved loans increased by 4,432, up to 156,814. The dollar amount increased by $137,025,061, up to 14,502,923,640. Through the last reported period, […]

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Georgia Sales Tax: June

June Sales Tax Overview Georgia’s June sales tax revenue has declined -2.7% compared to 2019. The hardest-hit industries are accommodation (-62.71%), miscellaneous services (-20.67%), and utilities (-16.06%). 4 Georgia industries posted positive sales tax growth in June: Other Retail (+18.71%), auto (+9.23%), other services (+4.69%), and general merchandise (+1.64%). The table below shows how the […]

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Hotel Industry: 6/14-6/20

Hotel Industry Overview: 6/14-6/20 Hotel Weekly Update Nationally, hotel occupancy was down 41.8% compared to 2019 this week. Atlanta was 6th out of the 25 biggest lodging markets in the US for the least occupancy rate declines (-39.4%), retaining its same spot as last week. Overall, occupancy rates appear to be improving slightly each week […]

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Photo of an undetermined Georgia Tech home game during the 1918 college football season. That's when the sport was hit by the Spanish flu and the end of World War I.

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