Alaska s Economy: Then and Now
|
|
- Berenice Chambers
- 5 years ago
- Views:
Transcription
1 Alaska s Economy: Then and Now, PhD Institute of Social and Economic Research University of Alaska Anchorage 10/11/2017
2 Outline General Overview 1 General Overview Alaska s Economy and Demographics:Then and Now 2 3 Where do we go from here?
3 Alaska s Economy and Demographics:Then and Now Outline 1 General Overview Alaska s Economy and Demographics:Then and Now 2 3 Where do we go from here?
4 Alaska s Economy and Demographics:Then and Now Alaska as a state used to be known for rising employment and population, characterized by periods of boom and bust such as the construction of the trans-alaska oil pipeline in the mid-1970s, the recession following completion of the pipeline in the late 1970s, the government spending and construction driven boom of the early 1980s, and the oil price crash driven deep recession of the late 1980s. While true once, that picture is no longer true.
5 Alaska s Economy and Demographics:Then and Now Big Savings account Alaska has built a very big savings account. In 1976, Alaskans voted to put part of the state s oil revenues into a special account the legislature couldn t spend. With that decision, Alaskans used temporary oil revenues to create a permanent asset. As of October 5th, 2017 the Permanent Fund had a balance of close to 62 billions.
6 Alaska s Economy and Demographics:Then and Now Snapshot of how much Alaska has changed /2017 Wage employment 130, ,183 Savings account 0 $62 billion Population 304, ,000
7 Alaska s Economy and Demographics:Then and Now Slow and steady For the past quarter-century, Alaska s economy has been characterized by relatively slow and steady growth in population and employment driven by growth across many sectors such as the federal government, mining, tourism, air cargo, healthcare, and retail trade, and with significant regional variation.
8 Alaska s Economy and Demographics:Then and Now What about now? Alaska s situation in numbers Alaska s Fiscal and Economic Situtation by the numbers Budget and economy Unrestricted GF revenues Wage and Salary Employment 335, , , , ,498
9 Alaska s Economy and Demographics:Then and Now Dimensions of change Alaska has considerably changed along almost all dimensions. Quality of life has improved significantly. Alaskans are richer, more likely to own a home, and less likely to be male than 50 years ago.
10 Alaska s Economy and Demographics:Then and Now Dimensions of change Alaska has considerably changed along almost all dimensions. Quality of life has improved significantly. Alaskans are richer, more likely to own a home, and less likely to be male than 50 years ago.
11 Alaska s Economy and Demographics:Then and Now Dimensions of change Alaska has considerably changed along almost all dimensions. Quality of life has improved significantly. Alaskans are richer, more likely to own a home, and less likely to be male than 50 years ago.
12 Outline General Overview 1 General Overview Alaska s Economy and Demographics:Then and Now 2 3 Where do we go from here?
13 Does Alaska still have considerably more men? Alaska population by gender: , , , , , , , ,000 0 The share of the male population decreased from 0.72 in 1900 to 0.51 in In fact, the male to female ratio has been less than 1.2 since 1970 and is currently at Female Male
14 What about the age distribution? 70.00% 60.00% 50.00% Age distrbitution by decade % 30.00% 20.00% 24.58% 22.54% 24.28% 20.26% Less than 5 5 to to 65 Over % 0.00% 2.55% 3.62% 5.23% 7.00%
15 Alaska evolution: homeownership 80.00% 70.00% 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% Homeownership rates for Alaska and the United States Homeownership rates increased from 50 to 58% between 1970 and 1980 census. Another significant jump occurred between 1990 and AK US
16 Alaska evolution: crowding 35.00% 30.00% Slighly different measures of economic stability Crowding: % 25.00% 20.00% 15.00% 10.00% 19.40% 19.60% 10.10% 8.60% 8.60% US Alaska 5.00% 0.00%
17 Alaska evolution: neighborhood stability Turnover and neigborhood stability % 25.00% 25.80% 23.30% 21.50% 20.00% 15.00% 10.00% 13.20% 11.90% AK US 5.00% 0.00%
18 1/1/1984 1/1/1985 1/1/1986 1/1/1987 1/1/1988 1/1/1989 1/1/1990 1/1/1991 1/1/1992 1/1/1993 1/1/1994 1/1/1995 1/1/1996 1/1/1997 1/1/1998 1/1/1999 1/1/2000 1/1/2001 1/1/2002 1/1/2003 1/1/2004 1/1/2005 1/1/2006 1/1/2007 1/1/2008 1/1/2009 1/1/2010 1/1/2011 1/1/2012 1/1/2013 1/1/2014 1/1/2015 1/1/2016 1/1/2017 General Overview Nonperforming loans: Now and Then Percent of nonperforming loans ( past due 90+ days) relative to total loans % Periods of loan distress: -During the 1980's recession, the percent of nonperforming loans peaked at 17.29%. - During the great recession, they peaked at 4.77%. - So far in this current recession, the percent of nonperforming loans has peaked at 1.09% in % 1.09%
19 Outline General Overview 1 General Overview Alaska s Economy and Demographics:Then and Now 2 3 Where do we go from here?
20 Major events General Overview 0 100, , , ,000 Wage and Salary Employment in Alaska Significant Economic Events Between 1959 and 2015 Oil begins flowing through the pipeline Pipeline construction begins Alaska recession begins, following crash in oil prices First PFD distributed First year of negative growth in two decades Continuous period of employment growth from 1989 to 2008 averaging 1.8% per year Period of very slow growth before recession
21 What about wages? Real average wage and salaries 1969 to ,979 74,700 The average wage growth between 2000 and 2015 was 0.73% 0 20,000 40,000 60,000 80,000 Average wages and salaries
22 What do we know about the current economic situation? We are in the middle of the second year of the recession. The contraction has spread from Oil and Gas, Construction, and to the rest of the economy in this last year. Most boroughs and census areas are feeling the squeeze.
23 What do we know about the current economic situation? We are in the middle of the second year of the recession. The contraction has spread from Oil and Gas, Construction, and to the rest of the economy in this last year. Most boroughs and census areas are feeling the squeeze.
24 What do we know about the current economic situation? We are in the middle of the second year of the recession. The contraction has spread from Oil and Gas, Construction, and to the rest of the economy in this last year. Most boroughs and census areas are feeling the squeeze.
25 Basic picture: Economic contraction Employment growth rate using QCEW Employment growth rate at the borough level at the state level -1.81% Alaska -2% -1% 0% 1% 2% 2002 We lost 6,221 jobs between 2015 and % 2016 Aleutians East Aleutians West Anchorage Bethel Bristol Bay Denali Dillingham Fairbanks Haines Hoonah-Angoon Juneau Kenai Ketchikan Kodiak Kusilvak Lake and Pen Matsu Nome North Slope Northwest Arctic Petersburg POW Sitka Skagway Southeast Fairbanks Valdez Wrangel Yakutat Yukon -10% -5% 0% 5% 10% 20% Growth rate
26 Inside the numbers
27 Outline General Overview 1 General Overview Alaska s Economy and Demographics:Then and Now 2 3 Where do we go from here?
28 How are the hardest hit sectors doing relative to 2014?
29 Outline General Overview 1 General Overview Alaska s Economy and Demographics:Then and Now 2 3 Where do we go from here?
30 How is doing relative to 2014?
31 Outline General Overview 1 General Overview Alaska s Economy and Demographics:Then and Now 2 3 Where do we go from here?
32 How are spending dependent sectors doing relative to 2014?
33 Where do we go from here? Outline 1 General Overview Alaska s Economy and Demographics:Then and Now 2 3 Where do we go from here?
34 Where do we go from here? Preliminary projections Wage and Salary employment growth projections growthrate -2% -1% 0% 1% 2% These projections do not include major cuts or added taxes -1.81% -2.3% -0.7% year Actual Growth Rate Forecast
35 Where do we go from here? Major decisions ahead Alaska is slowly becoming a state dependent on a financial asset. Need for new revenues is inevitable. While the economy has weakened, the fundamentals are still sound. Delaying a decision means more uncertainty. The good news is that the state has options that are sustainable.
36 Where do we go from here? Major decisions ahead Alaska is slowly becoming a state dependent on a financial asset. Need for new revenues is inevitable. While the economy has weakened, the fundamentals are still sound. Delaying a decision means more uncertainty. The good news is that the state has options that are sustainable.
37 Where do we go from here? Major decisions ahead Alaska is slowly becoming a state dependent on a financial asset. Need for new revenues is inevitable. While the economy has weakened, the fundamentals are still sound. Delaying a decision means more uncertainty. The good news is that the state has options that are sustainable.
38 Where do we go from here? Major decisions ahead Alaska is slowly becoming a state dependent on a financial asset. Need for new revenues is inevitable. While the economy has weakened, the fundamentals are still sound. Delaying a decision means more uncertainty. The good news is that the state has options that are sustainable.
39 Where do we go from here? Major decisions ahead Alaska is slowly becoming a state dependent on a financial asset. Need for new revenues is inevitable. While the economy has weakened, the fundamentals are still sound. Delaying a decision means more uncertainty. The good news is that the state has options that are sustainable.
40 Where do we go from here? Thank you Thank You Phone Number : mguettabi@alaska.edu
Analyzing indicators for small northern places
ReSDA Workshop No 1 Resources and Sustainable Development in the Arctic Yellowknife NWT, September 18 19 2011 Analyzing indicators for small northern places Larry Hamilton Department of Sociology University
More informationSeafood Industry. The 2012 Juneau and Southeast Alaska Economic Indicators 11/1/12 Page 60
Seafood Industry In 2011, fishermen in Southeast landed 395,628,268 pounds of fish with an ex vessel value of $391,091,684. This harvest resulted in 272.6 million pounds of product, with a wholesale value
More informationAlaska s Economic Climate
Alaska s Economic Climate Alaska PTAC Statewide Procurement Conference April 2nd, 2015 Alaska Department of Labor and Workforce Development, Research Section, Neal Fried, Economist Alaska--Boom, Bust
More informationCALIFORNIA STATE UNIVERSITY LONG BEACH. Southern California Regional Economic Forecast
CALIFORNIA STATE UNIVERSITY LONG BEACH Southern California Regional Economic Forecast Lisa M. Grobar, Ph.D. Director, CSULB Economic Forecast Project Office of Economic Research 2009: A terrible year for
More informationEconomic Growth in the Trump Economy
Economic Growth in the Trump Economy Presented to State Data Center Conference William F. Fox, Director November 18, 2016 GDP Grows, Though Slowly 10.0 8.0 Percentage Change, Previous Qtr, SAAR 6.0 4.0
More informationGovernment finances A long term assessment. Presented by Edwina Matos Pereira
Government finances A long term assessment Presented by Edwina Matos Pereira Walter Mosher June 22, 2010 Structure 1. Aruba s current fiscal landscape 2. Long term outlook & scenarios 3. Aruba s GDP volatility
More informationFigure 26. Map of ocean related share of GDP in counties of the Gulf of Mexico coast region in (Data Source: National Ocean Economics Program.
Figure 22. Map of ocean related share of GDP in counties of the North and Middle Atlantic coastal regions in 2009. This map shows the share of ocean related GDP (value added economic activity) in 2009
More informationEconomic Update and Prospects for 2019 Professor Robert M. McNab Dragas Center for Economic Analysis and Policy Strome College of Business
Economic Update and Prospects for 2019 Professor Robert M. McNab Dragas Center for Economic Analysis and Policy Strome College of Business January 3, 2019 The forecasts and commentary do not constitute
More informationThe Economic Value of Alaska s Seafood Industry
The Economic Value of Alaska s Seafood Industry Prepared for: Prepared by: September 20171 2 The Alaska Seafood Marketing Institute (ASMI) is a public-private partnership between the State of Alaska and
More informationBob Costello Chief Economist & Vice President American Trucking Associations. Economic & Motor Carrier Industry Trends. September 10, 2013
Bob Costello Chief Economist & Vice President American Trucking Associations Economic & Motor Carrier Industry Trends September 10, 2013 The Freight Economy Washington continues to be a headwind on economic
More informationBob Costello Chief Economist & Vice President American Trucking Associations. Economic & Motor Carrier Industry Update.
Bob Costello Chief Economist & Vice President American Trucking Associations Economic & Motor Carrier Industry Update February 26, 2013 The Worst Recession Since the Great Depression 0% Loss from Peak
More informationBig Changes, Unknown Impacts
Big Changes, Unknown Impacts Boulder Economic Forecast Place cover image here Richard Wobbekind Senior Economist and Associate Dean for Business and Government Relations January 17, 2018 Real GDP Growth
More informationU.S. Economy in a Snapshot
U.S. Economy in a Snapshot Economic Press Briefing: May 19, 2016 The views expressed here are those of the presenter and do not necessarily represent the views of the Federal Reserve Bank of New York or
More informationFuture Global Trade Trends - Risks & Opportunities. Pulse of the Ports: Peak Season Forecast March 21, 2013
1 Future Global Trade Trends - Risks & Opportunities Pulse of the Ports: Peak Season Forecast March 21, 2013 June 2012 Dr. Walter Kemmsies Chief Economist Summary Higher economic growth in 2013, possible
More informationEconomic and Real Estate Outlook
Economic and Real Estate Outlook By Lawrence Yun, Ph.D. Chief Economist, National Association of REALTORS Presentation at Charlottesville Area Association of REALTORS October 13, 2016 1990 1991 1992 1993
More informationUS Economic Outlook IHS ECONOMICS. Paul Edelstein, Director NA Financial Economics, ,
IHS ECONOMICS US Outlook US Economic Outlook How long will the ride last? September 2014 ihs.com Paul Edelstein, Director NA Financial Economics, +1 781 301 9014, paul.edelstein@ihs.com The US economy
More informationECONOMIC IMPACTS AND CONTRIBUTIONS OF SPORTFISHING IN ALASKA
ECONOMIC IMPACTS AND CONTRIBUTIONS OF SPORTFISHING IN ALASKA 2 0 0 7 R E P O R T A Message from the Director CHARLIE SWANTON, DIRECTOR ADF&G, DIVISION OF SPORT FISH Alaska supports arguably some of the
More informationYour Texas Economy. Current through: Tuesday, Nov 20, 2018
Your Texas Economy Current through: Tuesday, Nov 20, 2018 Overview of Texas Economy The Texas economy is growing robustly in 2018 2018 job growth through October is 2.9 percent annualized compared to 2.1
More informationNorth American Forging Shipment Forecast (Using FIA bookings information through December 2013)
North American Forging Shipment Forecast 2014-2018 (Using FIA bookings information through December 2013) Percent Change Year Ago Best leading indicator combination for impression die bookings used to
More informationEconomic Analysis What s happening with U.S. potential GDP growth?
Economic Analysis What s happening with U.S. potential GDP growth? Kan Chen Capital stock, labor, and productivity do not show a significant increase following the recent fiscal stimulus According to our
More informationMore of the Same; Or now for Something Completely Different?
More of the Same; Or now for Something Completely Different? C2ER Place cover image here Richard Wobbekind Chief Economist and Associate Dean for Business and Government Relations June 14, 2017 Real GDP
More informationEducation Committee Economic Background and Issue Review
Education Committee Economic Background and Issue Review Montpelier, Vermont January 22, 2014 Thomas E. Kavet State Economist and Principal Economic Advisor to the Vermont State Legislature Since 1996
More informationWenlin Liu, Senior Economist. Stateof Wyoming. Economic Analysis Division State of Wyoming 1
WYOMING DEMOGRAPHIC AND ECONOMIC TREND LCCC LIFE Program April 7, 2012 Cheyenne, Wyoming Wenlin Liu, Senior Economist Economic Analysis Division Stateof Wyoming Economic Analysis Division State of Wyoming
More information2019 Economic Outlook: Will the Recovery Ever End?
2019 Economic Outlook: Will the Recovery Ever End? Advantage Bank Place cover image here Richard Wobbekind Senior Economist and Associate Dean for Business and Government Relations November 15 th, 2018
More informationLarry Kessler, Ph.D. Boyd Center for Business & Economic Research University of Tennessee
Larry Kessler, Ph.D. Boyd Center for Business & Economic Research University of Tennessee The U.S. economy has now enjoyed 7 years of economic growth since the Great Recession Real GDP grew by 1.2% in
More informationDr. Greg Hallman Director, Real Estate Finance and Investment Center (REFIC) McCombs School of Business University of Texas at Austin
Dr. Greg Hallman Director, Real Estate Finance and Investment Center (REFIC) McCombs School of Business University of Texas at Austin POWERPOINT PARTNER The US Economy today, with a close look at jobs
More informationABA Commercial Real Estate Lending Committee
ABA Commercial Real Estate Lending Committee Commercial Real Estate Outlook The Good, the Bad and the Ugly January 16, 2019 Rob Strand Senior Economist American Bankers Association aba.com 1-800-BANKERS
More informationAs Good as it Gets. The Aging Expansion Powers On... but for How Much Longer? Andrew J. Nelson Chief Economist USA, Colliers International
As Good as it Gets The Aging Expansion Powers On... but for How Much Longer? Andrew J. Nelson Chief Economist USA, Colliers International #NMHCstudent @ApartmentWire Ten Years After: A Full if Imperfect
More informationThe US Economic Outlook
IHS ECONOMICS US Outlook The US Economic Outlook November 2014 ihs.com Rafael Amiel, Director latin America Economics +1 215 789 7405, rafael.amiel.ihs.com 2014 IHS The US economy is gaining momentum Growth
More informationPrepared by: McDowell Group, Inc. Andy Wink CAP Meeting
Prepared by: McDowell Group, Inc. Andy Wink CAP Meeting 7.28.15 Alaska Seafood Overview Fishery & Market Update Key Issues Ketchikan Seafood Industry Who and What is Alaska Seafood? About 60,000 fishermen,
More informationThe U.S. Economy How Serious A Downturn? Nigel Gault Group Managing Director North American Macroeconomic Services
The U.S. Economy How Serious A Downturn? Nigel Gault Group Managing Director North American Macroeconomic Services Growth Is Cooling; But a Soft Landing Is Likely (Real GDP, annualized rate of growth)
More informationThe Houston Economy Jesse Thompson Regional Business Economist The Federal Reserve Bank of Dallas, Houston Branch June 2016
The Houston Economy Jesse Thompson Regional Business Economist The Federal Reserve Bank of Dallas, Houston Branch June 2016 Image from http://peoplesguidetohouston.wordpress.com/category/uncategorized/
More informationYour Texas Economy. Last updated: January 30, 2018
Your Texas Economy Last updated: January 30, 2018 Texas economy strong in 2017 2017 job growth was 2.4% Overview 2015/2016 job growth was much weaker due to the oil bust (1.3% and 1.2%, respectively) 2014
More informationNoah Williams. University of Wisconsin-Madison Center for Research On the Wisconsin Economy (CROWE) Outlook for the Wisconsin Economy
An Noah University of Wisconsin-Madison Center for Research On the Wisconsin Economy (CROWE) CROWE: Brief Introduction Center for Research on the Wisconsin Economy (CROWE) recently established in the Department
More informationBriefing on the State of the State. presented to the. SCAA Schuyler Center for Analysis and Advocacy
Briefing on the State of the State presented to the SCAA Schuyler Center for Analysis and Advocacy Rae D. Rosen Assistant Vice President Federal Reserve Bank of New York November 16, 2006 Key Points: Economic
More informationTexas Economic Outlook: Recovery in 2010 Keith Phillips Federal Reserve Bank of Dallas San Antonio Office
Texas Economic Outlook: Recovery in 2010 Keith Phillips Federal Reserve Bank of Dallas San Antonio Office The views expressed in this presentation are strictly those of the author and do not necessarily
More informationNational and Virginia Economic Outlook Professor Robert M. McNab Dragas Center for Economic Analysis and Policy Strome College of Business
National and Virginia Economic Outlook Professor Robert M. McNab Dragas Center for Economic Analysis and Policy Strome College of Business October 24, 2018 The forecasts and commentary do not constitute
More informationALASKA STATE LEGISLATURE HOUSE RESOURCES STANDING COMMITTEE April 13, :09 p.m.
ALASKA STATE LEGISLATURE HOUSE RESOURCES STANDING COMMITTEE April 13, 2005 1:09 p.m. MEMBERS PRESENT Representative Jay Ramras, Co-Chair Representative Ralph Samuels, Co-Chair Representative Jim Elkins
More informationDEPARTMENT OF FISH AND GAME
Sean Parnell, GOVERNOR DEPARTMENT OF FISH AND GAME November 4, 2011 DIVISION OF SPORT FISH 3298 Douglas Place Homer, AA 99603-8027 PHONE: (907) 235-8191 FAX: (907) 235-2448 and Douglas Island Center Bldg
More information5. Golf Industry Trends and Developments in the US 6. The US Macro Economy Factors and Impact over Golf Industry
TABLE OF CONTENTS 1. Golf Industry Performance Worldwide 1.1. Overview 1.2. Global Golf Equipment Demand and Economy 2. The US Golf Industry Overview 2.1. Industry Segmentation 3. Industry Performance
More informationDemand for Harbors, Dockage, and Other Navigational Needs for Small Boats and Commercial Fishing Vessels in Alaska
Demand for s, Dockage, and Other Navigational Needs for Small Boats and Commercial Fishing Vessels in Alaska May 2006 HDRU Series No 06-2 Prepared by: Nancy A. Connelly and Tommy L. Brown Human Dimensions
More informationThe U. S. Economic Outlook: Robert J. Gordon
The U. S. Economic Outlook: Upside and Risks Robert J. Gordon Ottawa a Economics Association Ottawa, a, September 14, 2017 Immigration Medical Care My Policy Package: Be Like Canada d University Tuition
More informationOutlook for airline markets and industry performance
Outlook for airline markets and industry performance June 2016 Brian Pearce Chief Economist International Air Transport Association % change over previous year Confidence index. 50 = no change The already
More information2018 Annual Economic Forecast Dragas Center for Economic Analysis and Policy
2018 Annual Economic Forecast Dragas Center for Economic Analysis and Policy PRESENTING SPONSOR EVENT PARTNERS 2 The forecasts and commentary do not constitute an official viewpoint of Old Dominion University,
More information2018 Annual Economic Forecast Dragas Center for Economic Analysis and Policy
2018 Annual Economic Forecast Dragas Center for Economic Analysis and Policy PRESENTING SPONSOR EVENT PARTNERS 2 The forecasts and commentary do not constitute an official viewpoint of Old Dominion University,
More informationwww.colorado.edu/leeds/brd CAREER ADVANCING DEGREES FROM LEEDS EVENING MBA PROGRAM FOR WORKING PROFESSIONALS #1 PART-TIME MBA Program in Colorado according to U.S. News & World Report Engage in a collaborative
More informationTexas Housing Markets: Metropolitan vs. Border Communities. September 22, 2014
Texas Housing Markets: Metropolitan vs. Border Communities Luis Bernardo Torres Ruiz, Ph.D. Research Economist El Paso Branch Dallas Federal Rio Grande Economic Association September 22, 2014 Contents
More informationA comment on recent events, and...
A comment on recent events, and... where we are in the current economic cycle November 15, 2016 Mark Schniepp Director Likely Trump Policies $4 to $5 Trillion in tax cuts over 10 years to corporations,
More informationSmall Business Dynamics and Job Creation. Small Business Numbers, Pretty Pictures and Not So Pretty Pictures
Small Business Dynamics and Job Creation Or Small Business Numbers, Pretty Pictures and Not So Pretty Pictures Brian Headd Office of Advocacy U.S. Small Business Administration Employers 8,000,000 7,500,000
More informationEconomic Update and Outlook
Economic Update and Outlook NAIOP Vancouver Chapter November 15, 2012 Helmut Pastrick Chief Economist Central 1 Credit Union Outline: Global, U.S., and Canadian economic conditions Canada economic and
More informationThe Outlook for Real Estate and Residential Construction. Patrick M. Barkey, Director Bureau of Business and Economic Research University of Montana
The Outlook for Real Estate and Residential Construction Patrick M. Barkey, Director Bureau of Business and Economic Research University of Montana Montana s Real Estate Performance: Getting Back to Boom
More informationMiles PROJECT LOCATION EOP, MP STATION BOP, MP 379 STATION
K avik River Barrow Prudhoe Bay Kotzebue Nome Fairbanks Eagle Tok McGrath Glennallen Bethel Valdez Kenai Dillingham Homer Seward Kodiak Cold Bay Unalaska PROJECT LOCATION Haines Juneau Sitka Ketchikan
More informationOakmont: Who are we?
Oakmont: Who are we? A Snapshot of our community from the April 2010 US Census Contents Age and Gender... 1 Marital Status... 2 Home Ownership and Tenure... 3 Past Demographic Characteristics... 5 Income
More informationU.S. Infrastructure Market: Will It Jump-Start the Economy? Scott Hazelton Director, Construction Advisory Services May 21, 2009
U.S. Infrastructure Market: Will It Jump-Start the Economy? Scott Hazelton Director, Construction Advisory Services May 21, 2009 Infrastructure Spending: Where Does it Go? Other Power, 6.9% 2008 Shares
More informationWHERE ARE ARIZONA DEMOGRAPHICS TAKING US? HOW GROWING SLOWER, OLDER AND MORE DIVERSE AFFECTS REAL ESTATE
WHERE ARE ARIZONA DEMOGRAPHICS TAKING US? HOW GROWING SLOWER, OLDER AND MORE DIVERSE AFFECTS REAL ESTATE March 2017 Tom Rex Office of the University Economist and Center for Competitiveness and Prosperity
More informationAlternative Measures of Economic Activity. Jan J. J. Groen, Officer Research and Statistics Group
Alternative Measures of Economic Activity Jan J. J. Groen, Officer Research and Statistics Group High School Fed Challenge Student Orientation: February 1 and 2, 217 Outline Alternative indicators: data
More informationPROVINCE OF SASKATCHEWAN INVESTOR PRESENTATION
PROVINCE OF SASKATCHEWAN INVESTOR PRESENTATION May 2018 THE SASKATCHEWAN DIFFERENCE Economic Stability Diversified economy balances cyclicality of resources Growing population Majority government with
More informationUNIVERSITY OF CALIFORNIA Economics 134 DEPARTMENT OF ECONOMICS Spring 2018 Professor David Romer
UNIVERSITY OF CALIFORNIA Economics 134 DEPARTMENT OF ECONOMICS Spring 2018 Professor David Romer LECTURE 2 OVERVIEW OF THE GREAT DEPRESSION January 22, 2018 I. THE 1920S A. GDP growth and inflation B.
More informationKevin Thorpe Financial Economist & Principal Cassidy Turley
Kevin Thorpe Financial Economist & Principal Cassidy Turley Economic & Commercial Real Estate Outlook Kevin Thorpe, Chief Economist 2012 Another Year Of Modest Improvement 2006Q1 2006Q3 2007Q1 2007Q3 2008Q1
More informationThe 2019 Economic Outlook Forum The Outlook for MS
The 2019 Economic Outlook Forum The Outlook for MS February 2019 Mississippi University Research Center Mississippi Institutions of Higher Learning Darrin Webb, State Economist dwebb@mississippi.edu (601)432-6556
More information2017 PNG Economic Survey. Rohan Fox (ANU), Stephen Howes (ANU), Nelson Atip Nema (UPNG), Marcel Schröder (UPNG and ANU)
2017 PNG Economic Survey Rohan Fox (ANU), Stephen Howes (ANU), Nelson Atip Nema (UPNG), Marcel Schröder (UPNG and ANU) Introduction New government, new plan Short-term challenges: recession, falling government
More informationState of American Trucking
State of American Trucking October 11, 2018 Rod Suarez Economic Analyst American Trucking Associations rsuarez@trucking.org Business Cycles U.S. Expansions Duration October 1949 - July 1953 May 1954 -
More informationA Threatened Bay: Challenges to the Future of the Penobscot Bay Region and its Communities
A Threatened Bay: Challenges to the Future of the Penobscot Bay Region and its Communities 1 A A Threatened Bay: Challenges to the Future of the Penobscot Bay Region and its Communities In 1996 the Island
More informationCanadian Teleconference: Can the Canadian Economy Survive the Turmoil in the United States?
Canadian Teleconference: Can the Canadian Economy Survive the Turmoil in the United States? Nigel Gault Chief U.S. Economist Dale Orr Canadian Macroeconomic Services Copyright 2008 Global Insight, Inc.
More informationZions Bank Economic Overview
Zions Bank Economic Overview Kenworth National Dealers Conference November 8, 2018 1 National Economic Conditions 2 Volatility Returns to the Stock Market 27,000 Dow Jones Industrial Average October 10,
More informationThe Herzliya Conference The Economic Dimension Prof. Rafi Melnick Provost, Interdisciplinary Center (IDC) Herzliya
The Herzliya Conference The Economic Dimension 2009 Provost, Interdisciplinary Center (IDC) Herzliya The Big Issues The broken crystal ball A crisis that happens once in 100 years From a country oriented
More informationU.S. Overview. Gathering Steam? Tuesday, October 1, 2013
U.S. Overview Gathering Steam? Tuesday, October 1, 2013 Uneven global economic recovery Annual real GDP growth projections (%) Projections 2013 2014 World 3.1 3.1 3.8 United States 2.2 1.7 2.7 Euro Area
More informationThe Virginia Economy: Labor Markets and Workforce
The Virginia Economy: Labor Markets and Workforce April 4, 2017 Sonya Ravindranath Waddell Regional Economist Research Department The views and opinions expressed herein are those of the author. They do
More informationCargo outlook Brian Pearce Chief Economist. 13 December 2018
Cargo outlook 2019 Brian Pearce Chief Economist 13 December 2018 1 Cargo revenue contribution stabilizing 2 % total revenues 82% 80% 78% 76% 74% 72% 70% 68% 66% 64% 62% 2008 2009 2010 2011 2012 2013 2014
More informationThe U.S. Economic Outlook
The U.S. Economic Outlook Nigel Gault Chief U.S. Economist, IHS Global Insight FTA Revenue Estimation & Tax Research Conference Charleston, West Virginia October 17, 2011 What Has Happened to the Recovery?
More informationJUNEAU SECOND CHANNEL CROSSING WATERWAY USER SURVEY RESULTS
JUNEAU SECOND CHANNEL CROSSING WATERWAY USER SURVEY RESULTS PREPARED FOR: HDR Alaska, Inc. PREPARED BY: Juneau Anchorage December 2003 TABLE OF CONTENTS Executive Summary...1 Introduction and Methodology...2
More informationThe Houston Economy Jesse Thompson Regional Business Economist The Federal Reserve Bank of Dallas, Houston Branch January 2017
The Houston Economy Jesse Thompson Regional Business Economist The Federal Reserve Bank of Dallas, Houston Branch January 2017 Image from http://peoplesguidetohouston.wordpress.com/category/uncategorized/
More informationZions Bank Economic Overview
Zions Bank Economic Overview Intermountain Credit Education League May 10, 2018 Dow Tops 26,000 Up 48% Since 2016 Election Jan 26, 2018 26,616 Oct 30, 2016 17,888 Source: Wall Street Journal Dow Around
More informationEconomy On The Rebound
Economy On The Rebound Robert Johnson Associate Director of Economic Analysis November 17, 2009 robert.johnson@morningstar.com (312) 696-6103 2009, Morningstar, Inc. All rights reserved. Executive
More informationNevada County Population Projections 2013 to 2032 Based On The Last Estimate Year of 2012
Nevada County Population Projections 2013 to 2032 Based On The Last Estimate Year of 2012 Prepared By: The Nevada State Demographer s Office Jeff Hardcastle, AICP NV State Demographer University of NV
More informationFarmland Booms and Busts: Will the Cycle be Broken?
Farmland Booms and Busts: Will the Cycle be Broken? Kansas Society of Farm Managers and Rural Appraisers Salina, KS February 23 rd, 2012 Brian C. Briggeman Associate Professor and Director of the Arthur
More informationEconomic Outlook. Peter Rupert Professor and Chair Department of Economics, UCSB Director, UCSB Economic Forecast Project
Economic Outlook Peter Rupert Professor and Chair Department of Economics, UCSB Director, UCSB Economic Forecast Project League of California Cities Monterey, CA December 3, 2014 Economic Update economic
More informationJob Creation Survey, 4 th Quarter 2015 and 1 st Quarter 2016
Job Creation Survey, 4 th Quarter 2015 and 1 st Quarter 2016 Summary Finding and Selected Tables National Bureau of Statistics June, 2016. Summary Findings and Tables of the Quarterly Job Creation 4 th
More informationECONOMIC ACTIVITY REPORT SEPTEMBER September 2018 Kristoffer Eide Hoen Anders Wettre
ECONOMIC ACTIVITY REPORT SEPTEMBER 2018 27 September 2018 Kristoffer Eide Hoen Anders Wettre END OF AN ERA OF STRONG GROWTH Selected contracting markets CAGR* 2014 2017 Greater Gothenburg 23% Greater Malmö
More informationColorado Counties Treasurers Association
Colorado Counties Treasurers Association Place cover image here Richard Wobbekind Executive Director, Business Research Division June 21, 2016 Real GDP Growth Quarterly and Annualized Real GDP 1990-2016
More information2017 Major Projects Pipeline Report Adrian Hart, Senior Manager Infrastructure & Mining
2017 Major Projects Pipeline Report Adrian Hart, Senior Manager Infrastructure & Mining Major Projects Pipeline Report - 2017 Presentation Outline Key findings of the 2017 Pipeline Report The outlook for
More informationCharting a Path to Lift Off? Understanding the Shifting Economic Winds
Charting a Path to Lift Off? Understanding the Shifting Economic Winds Thomas F. Siems, Ph.D. Assistant Vice President and Senior Economist Federal Reserve Bank of Dallas Government Finance Officers Arlington,
More informationBabson Capital/UNC Charlotte Economic Forecast. May 13, 2014
Babson Capital/UNC Charlotte Economic Forecast May 13, 2014 Outline for Today Myths and Realities of this Recovery Positive Economic Signs Negative Economic Signs Outlook for 2014 The Employment Picture
More informationColorado Economic Update
Colorado Economic Update Steamboat Economic Summit Place cover image here Brian Lewandowski Associate Director, Business Research Division October 21, 2016 Recession 8 Months Recession 18 Months Real GDP
More informationEconomic Contributions and Impacts of Salmonid Resources in Southeast Alaska
Economic Contributions and Impacts of Salmonid Resources in Southeast Alaska FINAL REPORT Prepared for: Trout Unlimited Alaska Program 419 Sixth Street, Suite 200 Juneau, Alaska 99801 Contact: Mark Kaelke
More informationTo request a free electronic or print subscrip on, or call (907) Trends is on the Web at labor.alaska.gov/trends.
NOVEMBER 2015 Volume 35 Number 11 ISSN 0160-3345 SEAFOOD HARVESTING Huge groundfish harvests boost overall job numbers By JOSHUA WARREN PAGE 4 KING SALMON, Alaska The mouth of Bristol Bay and the gateway
More informationIssues in the Long-Term Economic Outlook for Canada
Policy and Economic Analysis Program Rotman School of Management University of Toronto Issues in the Long-Term Economic Outlook for Canada Office of the Chief Actuary Canada Pension Plan Seminar September
More informationDr. Richard Wobbekind Executive Director, Business Research Division and Senior Associate Dean for Academic Programs University of Colorado Boulder
Dr. Richard Wobbekind Executive Director, Business Research Division and Senior Associate Dean for Academic Programs University of Colorado Boulder Member FDIC VectraBank.com Economic Outlook 2015 Richard
More informationZions Bank Economic Overview
Zions Bank Economic Overview Utah Bankruptcy Lawyers Forum March 20, 2018 National Economic Conditions When Good News is Bad News Is Good News?? Dow Tops 26,000 Up 44% Since 2016 Election Source: Wall
More informationOpportunities in a Challenging Global Business Environment: Can the World Avoid a Double-Dip?
Opportunities in a Challenging Global Business Environment: Can the World Avoid a Double-Dip? Ross DeVol Chief Research Officer (310) 570 4615 rdevol@milkeninstitute.org www.milkeninstitute.org Presentation
More informationHow Much Wind Is in the Sails?
How Much Wind Is in the Sails? Erie Chamber of Commerce Place cover image here Richard Wobbekind Senior Economist and Associate Dean for Business and Government Relations September 20, 2017 Real GDP Growth
More informationCurrent Hawaii Economic Conditions. Eugene Tian
Current Hawaii Economic Conditions Eugene Tian Department of Business, Economic Development & Tourism At the PATA/TTRA 2016 Annual Outlook & Economic Forecast Forum February 3, 2016 Positive Signs in the
More information8.00% 6.00% 4.00% 2.00% 0.00% -2.00% -4.00% -6.00% Remaining Available for All Other General Fund 24.80% Medicaid 17.85% Corrections 8.
When did the Great Recession Become the LEAST Interesting Story? 8.00% Employment Recovery 6.00% 4.00% History Forecast 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996
More informationcolorado.edu/business/brd
colorado.edu/business/brd Big Changes, Unknown Impacts Southwest Business Forum Place cover image here Richard Wobbekind Senior Economist and Associate Dean for Business and Government Relations January
More informationEconomic Overview. Melissa K. Peralta Senior Economist April 27, 2017
Economic Overview Melissa K. Peralta Senior Economist April 27, 2017 TTX Overview TTX functions as the industry s railcar cooperative, operating under pooling authority granted by the Surface Transportation
More informationThe Chamber of Commerce for Greater Philadelphia Economic Outlook Survey Results
The Chamber of Commerce for Greater Philadelphia Economic Outlook Survey Results January 19, 2018 Elif Sen Senior Economic Analyst FEDERAL RESERVE BANK OF PHILADELPHIA * The views expressed today are my
More informationZions Bank Economic Overview
Zions Bank Economic Overview Logan Rotary Club June 28, 2018 Dow Tops 26,000 Up 48% Since 2016 Election Jan 26, 2018 26,616 Oct 30, 2016 17,888 Source: Wall Street Journal Dow Around Correction Territory
More informationIt s the economy stupid!
It s the economy stupid! (and it doesn t have to be this way!) October 28, 2011 Alameda, CA Sylvia A. Allegretto, PhD Center on Wage & Employment Dynamics University of California, Berkeley The critical
More informationAirlines, the economy and air transport demand
Airlines, the economy and air transport demand Brian Pearce, Chief Economist, IATA www.iata.org/economics Airline Industry Economics Advisory Workshop 2016 1 Returns for airlines investors lower this year;
More informationLodging Market Update. Valley Hotel and Resort Association April 13, 2016 Presented by: Robert Hayward
Lodging Market Update Valley Hotel and Resort Association April 13, 2016 Presented by: Robert Hayward United States Lodging Market 63.7% 59.8% 58.9% 59.2% 61.3% 63.1% 63.3% 63.1% 60.3% 55.1% 57.5% 59.9%
More information