april 2009 final
DESCRIPTION
Economic Indicators Update for the Seven Rivers RegionTRANSCRIPT
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Economic Indicators:
An Update for the 7 Rivers Region
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Optimism:
I'm delighted to report that over the break we
learned that our campus has produced so
many graduates currently working as Peace
Corps volunteers that we are among the Top
25 medium-sized schools in the nation.
-Joe Gow
The Economist:
Oh no. They couldn’t find
jobs.
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Unemployment claims over last 6
months
178,869
64,327Wisconsi
n
Minnesota 38,450
123,211
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-6
-5
-4
-3
-2
-1
0
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19
Cu
mu
lative
De
clin
e in
Em
plo
ym
en
t fr
om
Pe
ak
Months from Peak Employment
Postwar Recessions (1946-2008)
1957
1948
1953
2007
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-4
-3
-2
-1
0
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19
Cu
mu
lative
De
clin
e in
Em
plo
ym
en
t fr
om
Pe
ak
Months From Peak Employment
Postwar Recessions (1946-2008)
1990
2001
2007
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Recession…
It’s no longer the banks
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1.0
2.0
3.0
4.0
Jan-94 Jan-96 Jan-98 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08
TED Spread
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Wealth
Consumption
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0.0
20.0
40.0
60.0
80.0
100.0
120.0
140.0
160.0
180.0
Dec-99 Jun-01 Jan-03 Jul-04 Jan-06 Jul-07 Jan-09
Equity Indices
DJIA
S&P 500
7 Rivers
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80.0
100.0
120.0
140.0
160.0
180.0
200.0
220.0
240.0
Jan-98 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08
Index of Home Prices
Phoenix
Minneapolis
7 Rivers Region
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Falling Confidence
Falling Consumption
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40
50
60
70
80
90
100
110
April 2002 April 2003 April 2004 March 2006 April 2007*** August 2008***
February 2009***
Consumer Expectations Index
National
7 Rivers
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In Recessions…
Preferences Change
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TIME
MONEY
Vs.
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In Recessions…
People Get Healthier
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In Recessions…
Preferences Change – Temporarily
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Cars accumulate at the ports
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0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
18.0
Feb. '08 Jun. '08 Oct. '08 Feb. '09
Mill
ion
s o
f V
eh
icle
sU.S. Vehicle Sales
Domestic
Imports
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In Recessions…
Preferences Change – Permanently.
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The Lost Decade
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In Recessions…
There are opportunities.
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0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Feb. '08 Jun. '08 Oct. '08 Feb. '09
Total U.S. Light Vehicle Retail Sales (SAAR, Mil. Units)
Domestic
Imports
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0.0
50.0
100.0
150.0
200.0
250.0
300.0
350.0
400.0
450.0
Jan-95 Jan-97 Jan-99 Jan-01 Jan-03 Jan-05 Jan-07 Jan-09
Gasoline Prices (C/gal)
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The Stimulus…
Obama’s Wager
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Nick Lichter
Executive Director of Organic Logistics at
Organic Valley.
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Jeneen Ablan
Marketing Director at Shared Health Services.
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Adam Etrheim
Founder of eContractorBids.com.
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Economic Indicators:
An Update for the 7 Rivers Region