Public Company Equities Week of October 5-9
For the week of October 5-9, the Georgia public firms index rose 2.3% in price since last Friday’s close. The index is up 3.6% YTD.
For the week of October 5-9, the Georgia public firms index rose 2.3% in price since last Friday’s close. The index is up 3.6% YTD.
Total preliminary initial unemployment claims were up +19% from the previous week. This is up 53,400 claims since last week, marking the first major uptick in initial claims since July 11th. All industries saw increases in number of new weekly initial claims since last week, with Transportation and Warehousing being hit hardest with an 88% increase in claims since last week, and Manufacturing seeing a 52% increase. The only exception to this was Health Care and Social Assistance, who saw merely 5 less new claims from the week prior, but still saw 4,461 initial claims this week.
With another month comes another sharp increase in air traffic through Hartsfield-Jackson Intl. The month of August saw an average daily increase of 20%, or 260 more planes per day. This puts airline traffic through Atlanta in the month of August at 59% of what it was last year.
Nationally, restaurant reservations climbed 1% over last week. In Georgia there was no real change in weekly restaurant reservations. It seems that for the moment this area has stagnated. Casual Dining and Bars recovered somewhat from last week, climbing 3% and 2% respectively. Fast food has remained unaffected.
When Tenet released in theaters back in early September, there was a small spike of movie theater traffic, pushing it up to 43% of yoy traffic. Since then, it has declined down to 38% – an 11% decrease. It seems that while Tenet was able to stir up some excitement for the movie industry, many consumers still remain uneasy about going. In response, Hollywood is continuing to delay film releases into 2021.
Hotel Industry: 9/06-9/12 Hotel Weekly Review Nationally, hotel occupancy was down 30.2% compared to 2019 this week. Atlanta was 7th out of the 25 biggest lodging markets in the US for the least occupancy rate declines (-28.8%), up from last week’s ranking of 12th out of 25. After people left Labor Day weekend to go […]
Hotel Industry: 8/30-9/05 Hotel Weekly Review Nationally, hotel occupancy was down 17.1% compared to 2019 this week. Atlanta was 12th out of the 25 biggest lodging markets in the US for the least occupancy rate declines (-21.1%), down from last week’s ranking of 10th out of 25. With the arrival of Labor Day weekend, Atlanta […]
Hotel Industry: 8/23-8/29 Hotel Weekly Update Nationally, hotel occupancy was down 23.2% compared to 2019 this week. Atlanta was 10th out of the 25 biggest lodging markets in the US for the least occupancy rate declines (-34.1%), down from last week’s ranking of 5th out of 25. With Atlanta hotel occupancy being driven by conventions, […]
Hotel Industry: 8/16-8/22 Hotel Weekly Update Nationally, hotel occupancy was down 30.3% compared to 2019 this week. Atlanta was 5th out of the 25 biggest lodging markets in the US for the least occupancy rate declines (-29.7%), down from last week’s ranking of 4th out of 25. Nationally, small metro/town and interstate hotels saw large […]
Total preliminary initial unemployment claims were up +0.8% from the previous week. This is up 348 claims since last week, but marks the second increase in initial claims since May 9th, showing a slowdown in the trend of declination. The industry with the largest absolute uptick in new claims was Retail Trade, seeing a 31% increase in new claims, while the Professional, Scientific, and Technical Services industry saw a 46% increase in new weekly initial claims since last week. Meanwhile, Construction and Transportation & Warehousing both improved this week.
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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