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gforsyth@ewu 509-359-6517

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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gforsyth@ewu 509-359-6517

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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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