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Regional Economic Outlook 2012: Insights on Policy Discourse and Employment Trends

Dive into the economic landscape of 2012 with Dr. Grant D. Forsyth as he analyzes current policy discourse in D.C. and Europe, regional unemployment rates from 2009-2011, and stagnant employment and income growth in Spokane+Kootenai. Discover trends in initial unemployment claims, non-farm employment, real per capita income, home prices, and more, shedding light on the region's economic situation. Uncover the impact of taxable sales growth and residential units permitted, all indicating a nuanced economic outlook for the region.

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Regional Economic Outlook 2012: Insights on Policy Discourse and Employment Trends

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  1. 2012 Regional Economic Outlook NAPM Spokane Chapter Grant D. Forsyth, Ph.D.College of Business and Public AdministrationInstitute for Public Policy and Economic Analysis gforsyth@ewu.edu 509-359-6517

  2. Current Policy Discourse in D.C. and Europe

  3. 2011 Major Indicator Summary

  4. Regional Unemployment Rates, 2009-2011 Will stay above 8% in 2012 with growing youth unemployment problem. Employment Growth > Population Growth Source: BLS and author’s calculations.

  5. Spokane+Kootenai Initial Unemployment Claims, 2007-2011 -15% -14% Source: LMEA, Alivia Body (ID ESD), and author’s calculations.

  6. Spokane+Kootenai Non-Farm Employment Growth, 2007-2011 No significant job growth since 2007. Source: BLS and author’s calculations.

  7. SA Spokane+Kootenai Non-Farm Employment Levels Since June 2009 Source: BLS and author’s calculations.

  8. Spokane+Kootenai Real Per Capita Personal Income Growth, 2007-2011 No significant income growth since 2007. Source: BEA and author’s calculations.

  9. Spokane+Kootenai Nominal Existing Home Price Growth, 2007-2011 Still too much inventory on the market or in the back ground as “real estate acquired.” Source: FHFA and author’s calculations.

  10. WA and U.S. “Real Estate Acquired” as a Share of Total Assets, 2000-2011 Source: FDIC and author’s calculations.

  11. Spokane+Kootenai Residential Units Permitted, 2006-2011 +20% +15% Source: U.S. Census and author’s calculations.

  12. Spokane Taxable Sales Growth, 2007-2011 Surge in 2Q activity: 2Q 2010-2Q 2011, 50% of increase due to construction and motor vehicles & parts. Source: WA DOR and author’s calculations.

  13. Good News for the Region

  14. Thank You

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