Post on 13-Dec-2015
BUREAU OF BUSINESS RESEARCH BALL STATE UNIVERSITYCenter for Business and Economic Research BALL STATE UNIVERSITY
East Central Indiana’s Economy
June 8, 2011
Michael Hicks
BUREAU OF BUSINESS RESEARCH BALL STATE UNIVERSITYCenter for Business and Economic Research BALL STATE UNIVERSITY
BUREAU OF BUSINESS RESEARCH BALL STATE UNIVERSITYCenter for Business and Economic Research BALL STATE UNIVERSITY
BUREAU OF BUSINESS RESEARCH BALL STATE UNIVERSITYCenter for Business and Economic Research BALL STATE UNIVERSITY
BUREAU OF BUSINESS RESEARCH BALL STATE UNIVERSITYCenter for Business and Economic Research BALL STATE UNIVERSITY
BUREAU OF BUSINESS RESEARCH BALL STATE UNIVERSITYCenter for Business and Economic Research BALL STATE UNIVERSITY
BUREAU OF BUSINESS RESEARCH BALL STATE UNIVERSITYCenter for Business and Economic Research BALL STATE UNIVERSITY
BUREAU OF BUSINESS RESEARCH BALL STATE UNIVERSITYCenter for Business and Economic Research BALL STATE UNIVERSITY
BUREAU OF BUSINESS RESEARCH BALL STATE UNIVERSITYCenter for Business and Economic Research BALL STATE UNIVERSITY
BUREAU OF BUSINESS RESEARCH BALL STATE UNIVERSITYCenter for Business and Economic Research BALL STATE UNIVERSITY
BUREAU OF BUSINESS RESEARCH BALL STATE UNIVERSITYCenter for Business and Economic Research BALL STATE UNIVERSITY
BUREAU OF BUSINESS RESEARCH BALL STATE UNIVERSITYCenter for Business and Economic Research BALL STATE UNIVERSITY
BUREAU OF BUSINESS RESEARCH BALL STATE UNIVERSITYCenter for Business and Economic Research BALL STATE UNIVERSITY
BUREAU OF BUSINESS RESEARCH BALL STATE UNIVERSITYCenter for Business and Economic Research BALL STATE UNIVERSITY
BUREAU OF BUSINESS RESEARCH BALL STATE UNIVERSITYCenter for Business and Economic Research BALL STATE UNIVERSITY
BUREAU OF BUSINESS RESEARCH BALL STATE UNIVERSITYCenter for Business and Economic Research BALL STATE UNIVERSITY
BUREAU OF BUSINESS RESEARCH BALL STATE UNIVERSITYCenter for Business and Economic Research BALL STATE UNIVERSITY
BUREAU OF BUSINESS RESEARCH BALL STATE UNIVERSITYCenter for Business and Economic Research BALL STATE UNIVERSITY
BUREAU OF BUSINESS RESEARCH BALL STATE UNIVERSITYCenter for Business and Economic Research BALL STATE UNIVERSITY
How bad has it really been?
BUREAU OF BUSINESS RESEARCH BALL STATE UNIVERSITYCenter for Business and Economic Research BALL STATE UNIVERSITY
2010 Forecast2010 Forecast2010 : Q1 2010 : Q2 2010 : Q3 2010 : Q4
Employment 0.03% 0.24% 0.39% 0.60%
Labor Force -0.14% -0.10% -0.07% 0.01%
Personal Income 1.22% 1.38% 1.47% 0.81%
Manufacturing Income 1.24% 1.96% 2.41% 1.76%
Utilities Income 0.39% 0.21% 0.10% 0.48%
Construction Income 1.43% 2.05% 2.42% 1.66%
Wholesale Income 1.14% 1.46% 1.65% 1.27%
Retail Income 0.71% 0.90% 1.02% 0.61%
Finance & Insurance Income
1.04% 1.25% 1.36% 0.51%
Health Care Income 0.90% 0.91% 0.68% 0.59%
Information Income 1.20% 1.52% 1.72% 1.14%
Transportation Income 1.42% 1.89% 2.17% 1.85%
BUREAU OF BUSINESS RESEARCH BALL STATE UNIVERSITYCenter for Business and Economic Research BALL STATE UNIVERSITY
2010 : Q1 2010 : Q2 2010 : Q3 2010 : Q4 Annual
Employment 0.54% 0.34% 0.20% 0.15% 1.23%
Labor Force 0.01% -0.10% -0.19% -0.21% -0.49%
Personal Income 0.75% 1.14% 1.45% 1.39% 4.81%
Manufacturing Income 1.55% 1.73% 1.91% 1.71% 7.07%
Utilities Income 0.53% 0.33% 0.16% 0.20% 1.22%
Construction Income 1.48% 1.77% 2.02% 1.84% 7.29%
Wholesale Income 1.17% 1.31% 1.43% 1.34% 5.34%
Retail Income 0.55% 0.77% 0.95% 0.89% 3.19%Finance & Insurance Income 0.41% 0.92% 1.33% 1.24% 3.96%
Health Care Income 0.79% 0.84% 0.71% 0.65% 3.02%
Information Income 1.00% 1.27% 1.50% 1.40% 5.27%
Transportation Income 1.70% 1.72% 1.77% 1.63% 6.99%
BUREAU OF BUSINESS RESEARCH BALL STATE UNIVERSITYCenter for Business and Economic Research BALL STATE UNIVERSITY
(500)
-
500
1,000
1,500
2,000
$ M
illions
US Federal Deficit, 1792-2010
BUREAU OF BUSINESS RESEARCH BALL STATE UNIVERSITYCenter for Business and Economic Research BALL STATE UNIVERSITY
-500
0
500
1000
1500
2000
$ M
illions
US Federal Deficit, 1913-2010 Adjusted for Inflation
BUREAU OF BUSINESS RESEARCH BALL STATE UNIVERSITYCenter for Business and Economic Research BALL STATE UNIVERSITY
Why my wife won’t let me buy a Hummer
BUREAU OF BUSINESS RESEARCH BALL STATE UNIVERSITYCenter for Business and Economic Research BALL STATE UNIVERSITY
BUREAU OF BUSINESS RESEARCH BALL STATE UNIVERSITYCenter for Business and Economic Research BALL STATE UNIVERSITY
What I see in the Fall of 2011 and beyond
•The recession is over, this is the recovery
•Manufacturing is returning to trend
•US Consumers will spend again, but at a lower share of income
•States continue to see weak fiscal performance
•High productivity means significant lag in job growth and •Structural unemployment will remain high for several years
•Business very tentative on investment
•Inflation looms on this economy
BUREAU OF BUSINESS RESEARCH BALL STATE UNIVERSITYCenter for Business and Economic Research BALL STATE UNIVERSITY