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Grant D. Forsyth, Ph.D. College of Business and Public Administration Institute for Public Policy and Economic Analysis

2012 Regional Economic Outlook NAPM Spokane Chapter. Grant D. Forsyth, Ph.D. College of Business and Public Administration Institute for Public Policy and Economic Analysis. gforsyth@ewu.edu 509-359-6517. Current Policy Discourse in D.C. and Europe. 2011 Major Indicator Summary.

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Grant D. Forsyth, Ph.D. College of Business and Public Administration Institute for Public Policy and Economic Analysis

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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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