economic outlook: here we grow again?

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Economic Outlook: Here We Grow Again? Matt Croucher PhD Chief Economist Arizona Public Service Co.

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Economic Outlook: Here We Grow Again?. Matt Croucher PhD Chief Economist Arizona Public Service Co. US GDP: Where We Currently Stand. Time For “THAT” Discussion. Which Sparky?. US GDP: The “New Normal”………?. US Long-Term Unemployed: Structural Problems?. - PowerPoint PPT Presentation

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Page 1: Economic Outlook:  Here We Grow Again?

Economic Outlook: Here We Grow Again?

Matt Croucher PhDChief Economist

Arizona Public Service Co.

Page 2: Economic Outlook:  Here We Grow Again?

US GDP: Where We Currently Stand

Page 3: Economic Outlook:  Here We Grow Again?

Time For “THAT” Discussion

Page 4: Economic Outlook:  Here We Grow Again?

Which Sparky?

Page 5: Economic Outlook:  Here We Grow Again?

US GDP: The “New Normal”………?

Page 6: Economic Outlook:  Here We Grow Again?

US Long-Term Unemployed: Structural Problems?

Page 7: Economic Outlook:  Here We Grow Again?

US Labor Force Participation Rates by Age: Dispelling a Myth

• 25 – 49 year olds have rates above 80 percent – have stayed relatively flat

Page 8: Economic Outlook:  Here We Grow Again?

Interest Rates Lowering the Cost of New Investment

Page 9: Economic Outlook:  Here We Grow Again?

Case-Shiller Home Price Index: Metro Phoenix

Page 10: Economic Outlook:  Here We Grow Again?

Cumulative Supply of Excess HousingAPS Territory, Metro Phoenix

Page 11: Economic Outlook:  Here We Grow Again?

Nonresidential Building Vacancy: Metro Phoenix

Page 12: Economic Outlook:  Here We Grow Again?

Arizona Total Nonfarm Jobs: The Climb has begun

• Seasonally Adjusted

Page 13: Economic Outlook:  Here We Grow Again?

Arizona: Looking at the Sectors

Page 14: Economic Outlook:  Here We Grow Again?

Conclusion

• We are seeing signs of (sustained) traction/rebound in the Arizona Economy

• Need to remember that the long-term fundamentals are still in place

• My real GDP forecast?• D: One of the above