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Economic Overview

James W. Hughes, Dean 2011. Economic Overview. Length of Recessions in Months Since 1929. Source: National Bureau of Economic Research. Percent Change in Real GDP: U.S. (seasonally adjusted at annual rates). Source: U.S. Bureau of Economic Analysis.

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Economic Overview

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  1. James W. Hughes, Dean 2011 Economic Overview

  2. Length of Recessions in Months Since 1929 Source: National Bureau of Economic Research.

  3. Percent Change in Real GDP: U.S.(seasonally adjusted at annual rates) Source: U.S. Bureau of Economic Analysis.

  4. Percent Change in Real GDP: U.S.(seasonally adjusted at annual rates) Source: U.S. Bureau of Economic Analysis.

  5. Percent Change in Real GDP: U.S.(seasonally adjusted at annual rates) Source: U.S. Bureau of Economic Analysis.

  6. U.S. Private-Sector Employment Change2008 - 2009 2008 12-Month Loss: -3,784,000 2009 12-Month Loss: -4,987,000 Total 2008-2009 Loss: -8,771,000 Source: U.S. Bureau of Labor Statistics.

  7. U.S. Private-Sector Employment Change2008 - 2009 Source: U.S. Bureau of Labor Statistics.

  8. U.S. Private-Sector Employment Change2009 - 2011 2010 12-Month Employment Gain: +1,173,000 Source: U.S. Bureau of Labor Statistics.

  9. U.S. Private-Sector Employment Change2009 - 2011 2010 12-Month Employment Gain: +1,173,000 Source: U.S. Bureau of Labor Statistics.

  10. U.S. Private-Sector EmploymentCumulative Losses (thousands), Jan. 2008 – Sep. 2011 Source: U.S. Bureau of Labor Statistics.

  11. The Recovery is on track… Source: Tom Toles, Washington Post.

  12. But it’s narrow gauge Source: Tom Toles, Washington Post.

  13. U.S. Private-Sector Employment Change2009, 2010, 2011 Source: U.S. Bureau of Labor Statistics.

  14. U.S. Private-Sector EmploymentAverage Monthly Change, 2009, 2010, 2011 Source: U.S. Bureau of Labor Statistics.

  15. U.S. Private-Sector EmploymentQuarterly Change, 2009, 2010, 2011 Source: U.S. Bureau of Labor Statistics.

  16. U.S. Private-Sector Employment and GDP RecoveriesPercent Change Since Start of RecessionDecember 2007 – June 2011 Sources: U.S. Bureau of Labor Statistics, U.S. Bureau of Economic Analysis, National Bureau of Economic Research.

  17. Post-Recession GDP Recoveries July 1981 – November 1982 21 months 42 months to date December 2007 – June 2009 Current Sources: U.S. Bureau of Labor Statistics, National Bureau of Economic Research, Wall Street Journal.

  18. New Jersey Private-Sector Employment Change2009, 2010, 2011 Source: U.S. Bureau of Labor Statistics.

  19. New Jersey Private-Sector EmploymentAverage Monthly Change, 2009, 2010, 2011 Source: U.S. Bureau of Labor Statistics.

  20. New Jersey Private Sector Employment Monthly, 1990-2011 (seasonally adjusted, in thousands) Sep-11 Sep-98 3,241 Source: New Jersey Department of Labor.

  21. U.S. Housing Starts, 2000-2011(seasonally adjusted at annual rates) Source: U.S. Census Bureau.

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