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2013 Economic Outlook

2013 Economic Outlook. Professor Martin Shields CSU Regional Economics Institute. The “Recovery” . The Important Economic Issues. The recovery will slowly continue picking up steam Unemployment will remain relatively high

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2013 Economic Outlook

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  1. 2013 Economic Outlook

    Professor Martin Shields CSU Regional Economics Institute

  2. The “Recovery”

  3. The Important Economic Issues The recovery will slowly continue picking up steam Unemployment will remain relatively high Falling real household income has had large negative effects on the region
  4. GDP Growth Tepid, but Sustained 12 Month Change Source: US Department of Commerce
  5. The Output Gap is Large Source: St. Louis Fed
  6. Inflation Remains in Check Source: Bureau of Labor Statistics
  7. Consumer Sentiment Still Low Source: University of Michigan
  8. New Housing Starts: WTF? Source: US Census Bureau
  9. US Employment Below 2007 Peak 1990-93 1980 2001-05 1981-83 2007-present Source: Current Employment Survey
  10. Unemployment Improving Source: Bureau of Labor Statistics
  11. Regional Unemployment Rate Mixed Colorado Rate: 7.3 percent Source: BLS
  12. Stagnant Incomesmedian family income inflation adjusted Source: US Census Bureau
  13. The Local Situation With 228,000 jobs Northern Colorado has 7,000 more jobs than it did 5 years ago Over the past 12 months it has added 5,000 Stagnant wages and income remains a challenge
  14. 3 Years of Job Growth Source: Current Employment Survey/Colorado Department of Labor and Employment and Colorado State University
  15. Northern Colorado Job Levels Exceed Pre-Recessionary Totals Great Recession US about 98.5 percent Source: Current Employment Survey
  16. Weld Has Seen Manufacturing and Mining Increase +2,300 jobs Job Change: 2007Q3 - 2012Q3 Source: QCEW/Colorado Department of Labor and Employment and Colorado State University
  17. Health Care Main Larimer Driver +1,600 Jobs Job Change: 2007Q3 - 2012Q3 Source: QCEW/Colorado Department of Labor and Employment and Colorado State University
  18. Local Industry Watch Poised to grow Energy Health care Professional & business services Wholesale trade Continued struggles Government Financial activities Information
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