170 likes | 193 Views
Presented to 2009 Tennessee Federal Tax Conference William F. Fox, Director Center for Business and Economic Research The University of Tennessee, Knoxville November 19, 2009. The U.S. Economy as the Recession Ends. Real GDP: 2005 to 2012. Source: IHS Global Insight, Inc.
E N D
Presented to 2009 Tennessee Federal Tax ConferenceWilliam F. Fox, DirectorCenter for Business and Economic ResearchThe University of Tennessee, KnoxvilleNovember 19, 2009 The U.S. Economy as the Recession Ends
Real GDP: 2005 to 2012 Source: IHS Global Insight, Inc. William F. Fox, Center for Business and Economic Research, http://cber.bus.utk.edu
Growth in Quarterly Real Personal Consumption Expenditures (Chained 2005 Dollars) William F. Fox, Center for Business and Economic Research, http://cber.bus.utk.edu
Unit Sales of New Light Vehicles and Housing Starts William F. Fox, Center for Business and Economic Research, http://cber.bus.utk.edu
FHFA Housing Price Index: 2005 to 2012 Source: IHS Global Insight, Inc. William F. Fox, Center for Business and Economic Research, http://cber.bus.utk.edu
U.S./Euro Foreign Exchange Rate and Real Exports Less Imports William F. Fox, Center for Business and Economic Research, http://cber.bus.utk.edu
Unified Federal Budget Surplus William F. Fox, Center for Business and Economic Research, http://cber.bus.utk.edu
$561 Billion Stimulus Injection2009–2010 Boost to GDP William F. Fox, Center for Business and Economic Research, http://cber.bus.utk.edu
Interest Rates and Inflation William F. Fox, Center for Business and Economic Research, http://cber.bus.utk.edu
TN and U.S. Nonag Job Growth (Year over Year) William F. Fox, Center for Business and Economic Research, http://cber.bus.utk.edu
Change in U.S. Employment*August 2008 vs. August 2009 → *not seasonally adjusted Source: Bureau of Labor Statistics. William F. Fox, Center for Business and Economic Research, http://cber.bus.utk.edu
U.S. Monthly Employment by Sector Compared to Recession Start(1 year before peak through Aug 2009) Source: Calculated by CBER using data from the Bureau of Labor Statistics (Current Employment Statistics database). William F. Fox, Center for Business and Economic Research, http://cber.bus.utk.edu
TN and U.S. Unemployment Rates (Seasonally Adjusted) William F. Fox, Center for Business and Economic Research, http://cber.bus.utk.edu
Tennessee Job Growth by Sector(Quarter Ending Sept 2008 to Sept 2009) William F. Fox, Center for Business and Economic Research, http://cber.bus.utk.edu
Tennessee Manufacturing Jobs, 1990-2008 William F. Fox, Center for Business and Economic Research, http://cber.bus.utk.edu
Nonag Employment Growth, MSAs (Quarter Ending Sept 2008 to Sept 2009) William F. Fox, Center for Business and Economic Research, http://cber.bus.utk.edu
Percent Growth in Total Tax Revenue Collections, FY2008-2009 U.S. = -8.2 % Less than -10.0% --14-- -10.0% to -5.7% --18-- Greater than -5.7% --18-- William F. Fox, Center for Business and Economic Research, http://cber.bus.utk.edu