The Arkansas Economic Outlook

Size: px
Start display at page:

Download "The Arkansas Economic Outlook"

Transcription

1 The Arkansas Economic Outlook Dr. Michael Pakko Chief Economist and State Economic Forecaster Institute for Economic Advancement, UALR November 5, 2015 Disclaimer: The views expressed are my own, and do not necessarily reflect the positions of the Federal Reserve Bank of St. Louis, the Federal Reserve System, the University of Arkansas at Little Rock, the University of Arkansas System, or the Institute for Economic Advancement.

2 Arkansas Experience Source: Federal Reserve Bank of Philadelphia

3 Arkansas Experience Source: Federal Reserve Bank of Philadelphia

4 Arkansas Experience Through most of the economic recovery ( ) Arkansas has lagged the nation particularly in employment Since 2014, employment growth has accelerated positive signs in manufacturing and construction. Income growth has been relatively strong, but wage growth weak slow consumer spending. Outlook: Slow, but positive economic growth.

5 Gross Domestic Product Source: Bureau of Economic Analysis

6 Personal Income Source: Bureau of Economic Analysis

7 Personal Income Source: Bureau of Economic Analysis

8 Personal Income Source: Bureau of Economic Analysis

9 Personal Income Source: Bureau of Economic Analysis

10 Taxable Sales Sources: Arkansas Department of Finance and Administration, Oil Price Information Service, Institute for Economic Advancement.

11 Taxable Sales Sources: Arkansas Department of Finance and Administration, Oil Price Information Service, Institute for Economic Advancement.

12 Taxable Sales Sources: Arkansas Department of Finance and Administration, Oil Price Information Service, Institute for Economic Advancement.

13 Home Sales Sources: Arkansas Realtors Association, Institute for Economic Advancement.

14 Home Sales Sources: Arkansas Realtors Association, Institute for Economic Advancement.

15 Home Sales Sources: Arkansas Realtors Association, Institute for Economic Advancement.

16 Source: Bureau of Labor Statistics. Unemployment

17 Source: Bureau of Labor Statistics. Unemployment

18 Source: Bureau of Labor Statistics. Employment

19 Source: Bureau of Labor Statistics. Employment

20 Employment Arkansas Nonfarm Payroll Employment Employment changes (thousands of jobs), December September 2015 As Published Expected Revision Change Mining & Logging Construction Manufacturing Wholesale Trade Retail Trade Transportation & Utilities Information Services Financial Services Professional & Business Services Education & Health Services Leisure & Hospitality Services Other Services Government TOTAL

21 Source: Bureau of Labor Statistics. Employment

22 Source: Bureau of Labor Statistics. Employment

23 Source: Bureau of Labor Statistics. Employment

24 Economic Forecasts It s tough to make predictions, especially about the future." Yogi Berra

25 Forecast Methodology Model: Arkansas Baseline from Moody s Analytics. Part of a structural econometric model of the U.S. Economy Linked to US forecast, with relationships estimated by sector Baseline forecast from Moody s macroeconomic U.S. model Alternative Forecast Paths: Moody s Wells Fargo Wall Street Journal Blue Chip Consensus NABE

26 Employment Q4/Q4 Growth K 0.1% 22.4K 1.9% 17.6K 1.5% 15.7K 1.3% 13.8K 1.1%

27 Employment Q4/Q4 Growth K 0.1% 18.9K 1.6% 14.0K 1.2% 15.6K 1.3% 13.7K 1.1% Including expected revision in 2016

28 Employment Arkansas Nonfarm Payroll Employment Growth Forecasts for 2015:Q4-2017:Q4 Employment changes Thousands of Jobs Percent Mining & Logging Construction Manufacturing Wholesale Trade Retail Trade Transportation & Utilities Information Services Financial Services Professional & Business Services Education & Health Services Leisure & Hospitality Services Other Services Government TOTAL

29 Real GDP

30 Real GDP Q4/Q4 Growth (%)

31 Personal Income Q4/Q4 Growth (%)

32 Personal Income

33 Personal Income

34 Personal Income

35 Real Personal Income Q4/Q4 Growth (%)

36 Retail Sales Q4/Q4 Growth (%)

37 Retail Sales Q4/Q4 Growth (%)

38 Retail Sales Q4/Q4 Growth (%)

39 Retail Sales Q4/Q4 Growth (%)

40 Home Sales Sales (Pct. Change) K 11.9% 28.1K 7.3% 30.6K 8.7% 34.1K 11.5% 32.8K 3.7%

41 Unemployment End of Year (Q4)

42 Arkansas Economist For more information and analysis of the Arkansas Economy, visit the Arkansas Economist:

The Arkansas Economic Outlook

The Arkansas Economic Outlook The Arkansas Economic Outlook Dr. Michael Pakko Chief Economist and State Economic Forecaster Institute for Economic Advancement, UALR November 16, 2016 The views expressed are my own, and do not necessarily

More information

The Arkansas Economic Outlook

The Arkansas Economic Outlook The Arkansas Economic Outlook Dr. Michael Pakko Chief Economist and State Economic Forecaster Arkansas Economic Development Institute, UALR December 1, 2017 Overview Review of Economic Conditions: Output

More information

The Arkansas Economic Outlook Focus on Hot Springs

The Arkansas Economic Outlook Focus on Hot Springs The Arkansas Economic Outlook Focus on Hot Springs Dr. Michael Pakko Chief Economist and State Economic Forecaster Institute for Economic Advancement, UALR Regional Economic Forecast Hot Springs December

More information

Arkansas Economic Outlook

Arkansas Economic Outlook Arkansas Economic Forecast Conference 2011 Arkansas Economic Outlook Dr. Michael Pakko Chief Economist and State Economic Forecaster Institute for Economic Advancement, UALR November 2, 2011 Arkansas Experience

More information

An Examination of Current Economic Conditions in the Nation and in Arkansas

An Examination of Current Economic Conditions in the Nation and in Arkansas An Examination of Current Economic Conditions in the Nation and in Arkansas Kevin L. Kliesen, FRB St. Louis Charles S. Gascon, FRB St. Louis Michael R. Pakko, UALR November 5, 2015 Little Rock, AR Disclaimer

More information

Economic Update. Air & Waste Management Association. Georgia Chapter. Michael Chriszt Federal Reserve Bank of Atlanta October 4, 2013

Economic Update. Air & Waste Management Association. Georgia Chapter. Michael Chriszt Federal Reserve Bank of Atlanta October 4, 2013 1 Economic Update Air & Waste Management Association Georgia Chapter The views expressed here are not necessarily those of the FOMC, the Federal Reserve Bank of Atlanta, or the Federal Reserve System.

More information

U.S. Economic Update and Outlook. Laurel Graefe, REIN Director Federal Reserve Bank of Atlanta October 2, 2013

U.S. Economic Update and Outlook. Laurel Graefe, REIN Director Federal Reserve Bank of Atlanta October 2, 2013 1 U.S. Economic Update and Outlook Laurel Graefe, REIN Director Federal Reserve Bank of Atlanta October 2, 213 Following the deepest recession since the 193s, the economic recovery is well under way, though

More information

Data Digest: Louisiana. October 2013

Data Digest: Louisiana. October 2013 Data Digest: Louisiana October 2013 A broad indicator of economic activity in Louisiana ticked up in August but it remains well below that of the nation. About the Coincident Economic Indicator Jan 2001

More information

Paul Sommers Seattle University February 2009

Paul Sommers Seattle University February 2009 The Economy and the Regional Construction Market Paul Sommers Seattle University February 2009 Employment falling, financial market chaos continues Extraordinary policy measures taken by both the Fed and

More information

Data Digest: Louisiana August 2011

Data Digest: Louisiana August 2011 Data Digest: Louisiana August 211 Louisiana s economic performance continues to lag that of the nation. Broad indicators of economic activity in Louisiana show stabilization but little improvement. Comparable

More information

Data Digest: Louisiana. December 2013

Data Digest: Louisiana. December 2013 Data Digest: Louisiana December 2013 A broad indicator of economic activity in Louisiana ticked up in October but it remains well below that of the nation. About the Coincident Economic Indicator Jan 2001

More information

Data Digest: Louisiana. May 2012

Data Digest: Louisiana. May 2012 Data Digest: Louisiana May 2012 Broad indicators of economic activity in Louisiana have accelerated, but at a somewhat lower level than that experienced by the United States as a whole. The level of activity

More information

Data Digest: Mississippi. August 2013

Data Digest: Mississippi. August 2013 Data Digest: Mississippi August 2013 Mississippi s economic activity measure has increased to levels last seen in mid-2008. About the Coincident Economic Indicator Jan 2001 = 100 120 Coincident Economic

More information

Current Economic Conditions in the Eighth Federal Reserve District. Memphis Zone

Current Economic Conditions in the Eighth Federal Reserve District. Memphis Zone Current Economic Conditions in the Eighth Federal Reserve District Memphis Zone March 19, 2008 Prepared by the Center for Regional Economics 8th District (CRE8) Federal Reserve Bank of St. Louis Eighth

More information

Current Economic Conditions in the Eighth Federal Reserve District. Memphis Zone

Current Economic Conditions in the Eighth Federal Reserve District. Memphis Zone Current Economic Conditions in the Eighth Federal Reserve District Memphis Zone September 17, 2008 Prepared by the Center for Regional Economics 8th District (CRE8) Federal Reserve Bank of St. Louis Eighth

More information

Current Economic Conditions in the Eighth Federal Reserve District. Memphis Zone

Current Economic Conditions in the Eighth Federal Reserve District. Memphis Zone Current Economic Conditions in the Eighth Federal Reserve District Memphis Zone June 25, 2009 Prepared by the Center for Regional Economics 8th District (CRE8) Federal Reserve Bank of St. Louis Eighth

More information

NAHEFFA March 26, The views expressed are my own and do not necessarily reflect official positions of the Federal Reserve System.

NAHEFFA March 26, The views expressed are my own and do not necessarily reflect official positions of the Federal Reserve System. NAHEFFA March 26, 219 The views expressed are my own and do not necessarily reflect official positions of the Federal Reserve System. National Economy Growing Strongly Jobs grew 1.8% in 218 the fastest

More information

Current Economic Conditions in the Eighth Federal Reserve District. Little Rock Zone

Current Economic Conditions in the Eighth Federal Reserve District. Little Rock Zone Current Economic Conditions in the Eighth Federal Reserve District Little Rock Zone September 17, 2008 Prepared by the Center for Regional Economics 8th District (CRE8) Federal Reserve Bank of St. Louis

More information

Current Economic Conditions in the Eighth Federal Reserve District. Memphis Zone

Current Economic Conditions in the Eighth Federal Reserve District. Memphis Zone Current Economic Conditions in the Eighth Federal Reserve District Memphis Zone October 1, 2010 Prepared by the Center for Regional Economics 8th District (CRE8) Federal Reserve Bank of St. Louis Eighth

More information

ECONversations. Economic and Policy Briefing Webcast Dave Altig, Research Director November 19, :00 p.m. ET

ECONversations. Economic and Policy Briefing Webcast Dave Altig, Research Director November 19, :00 p.m. ET ECONversations Economic and Policy Briefing Webcast Dave Altig, Research Director November 9, 4 : p.m. ET Questions for Dave: events@atl.frb.org Technical issues: james.dooley@atl.frb.org Information received

More information

San Antonio Business and Economics Society October 27, The U.S. Economic Outlook: Soft Patch, Sink Hole, or Springboard?

San Antonio Business and Economics Society October 27, The U.S. Economic Outlook: Soft Patch, Sink Hole, or Springboard? San Antonio Business and Economics Society October 27, 2004 The U.S. Economic Outlook: Soft Patch, Sink Hole, or Springboard? Kevin L. Kliesen Economist, Federal Reserve Bank of St. Louis Not an official

More information

Current Economic Conditions in the Eighth Federal Reserve District. St. Louis Zone

Current Economic Conditions in the Eighth Federal Reserve District. St. Louis Zone Current Economic Conditions in the Eighth Federal Reserve District St. Louis Zone March 19, 2008 Prepared by the Center for Regional Economics 8th District (CRE8) Federal Reserve Bank of St. Louis Eighth

More information

Current Economic Conditions in the Eighth Federal Reserve District. Memphis Zone

Current Economic Conditions in the Eighth Federal Reserve District. Memphis Zone Current Economic Conditions in the Eighth Federal Reserve District Memphis Zone December 23, 2011 Prepared by the Research Division of the Federal Reserve Bank of St. Louis Eighth Federal Reserve District

More information

December 6, Presented by: Christopher C. Harding COMMISSIONER. Kevin Brown GENERAL COUNSEL. Robert Mcconnaughey DEPUTY COMMISSIONER

December 6, Presented by: Christopher C. Harding COMMISSIONER. Kevin Brown GENERAL COUNSEL. Robert Mcconnaughey DEPUTY COMMISSIONER Massachusetts Department of Revenue Briefing Book FY2019 Consensus Revenue Estimate Hearing December 6, 2017 Presented by: Christopher C. Harding COMMISSIONER Kevin Brown GENERAL COUNSEL Robert Mcconnaughey

More information

Web Slides.

Web Slides. Economic Conditions NC Local Government Budget Association July 11, 2013 William W. (Woody) Hall, Jr. Professor of Economics and Senior Economist H. David and Diane Swain Center for Business and Economic

More information

The US and New Mexico Economies: Recent Developments and Outlook

The US and New Mexico Economies: Recent Developments and Outlook The US and New Mexico Economies: Recent Developments and Outlook March 2016 A presentation to New Mexico Bankers Association Presented by Jeffrey Mitchell, Director, UNM-BBER National Economy: Review o

More information

Current Economic Conditions in the Eighth Federal Reserve District. Memphis Zone

Current Economic Conditions in the Eighth Federal Reserve District. Memphis Zone Current Economic Conditions in the Eighth Federal Reserve District Memphis Zone December 17, 2008 Prepared by the Center for Regional Economics 8th District (CRE8) Federal Reserve Bank of St. Louis Eighth

More information

Current Economic Conditions in the Eighth Federal Reserve District. St. Louis Zone

Current Economic Conditions in the Eighth Federal Reserve District. St. Louis Zone Current Economic Conditions in the Eighth Federal Reserve District St. Louis Zone December 17, 2008 Prepared by the Center for Regional Economics 8th District (CRE8) Federal Reserve Bank of St. Louis Eighth

More information

2014 Outlook: Validating the Rally

2014 Outlook: Validating the Rally 2014 Outlook: Validating the Rally Presented to the Economic Development Council of Seattle and King County Michael Dueker, Chief Economist, Russell Investments JANUARY 16, 2014 1 2014 outlook in brief

More information

Current Economic Conditions in the Eighth Federal Reserve District. Memphis Zone

Current Economic Conditions in the Eighth Federal Reserve District. Memphis Zone Current Economic Conditions in the Eighth Federal Reserve District Memphis Zone December 21, 2012 Prepared by the Research Division of the Federal Reserve Bank of St. Louis Eighth Federal Reserve District

More information

The President s Report to the Board of Directors

The President s Report to the Board of Directors The President s Report to the Board of Directors April 4, 214 Current Economic Developments - April 4, 214 Data released since your last Directors' meeting show the economy was a bit stronger in the fourth

More information

Staff GDP Forecast Summary

Staff GDP Forecast Summary Staff GDP Forecast Summary Real growth: about ¾% (Q/Q) in 8 and ½% in 9. Forecast for 8 stronger than that presented at April 7 EAP. Forecasts for 8 and 9 similar to Blue Chip consensus. Outlook reflects

More information

Analysis & Background

Analysis & Background 1 Values shown are June estimates. # # # Analysis & Background Expected Revisions to Colorado Second quarter 2017 Quarterly Census of Employment and Wages (QCEW) results indicate Colorado total nonfarm

More information

National & Colorado. Economic Update. Alison Felix Economist & Branch Executive Federal Reserve Bank of Kansas City Denver Branch

National & Colorado. Economic Update. Alison Felix Economist & Branch Executive Federal Reserve Bank of Kansas City Denver Branch National & Colorado Economic Update Alison Felix Economist & Branch Executive Federal Reserve Bank of Kansas City Denver Branch The views expressed are those of the presenter and do not necessarily reflect

More information

Current Economic Conditions in the Eighth Federal Reserve District. Little Rock Zone

Current Economic Conditions in the Eighth Federal Reserve District. Little Rock Zone Current Economic Conditions in the Eighth Federal Reserve District Little Rock Zone June 30, 2011 Prepared by the Research Division of the Federal Reserve Bank of St. Louis Eighth Federal Reserve District

More information

Comparison of FRBNY Staff and Blue Chip Forecasts

Comparison of FRBNY Staff and Blue Chip Forecasts Comparison of and Forecasts Real GDP Growth Forecasts % Change (AR) % Change (AR) May Note: The blue band represents the top and bottom averages of the Blue Chip survey. Source: and Economic Indicators

More information

Keith Phillips, Sr. Economist and Advisor

Keith Phillips, Sr. Economist and Advisor The Outlook for the Texas Economy Keith Phillips, Sr. Economist and Advisor National Economic Overview Growth in US Economy Positive But Sluggish Market working to heal itself asset prices falling, inflation

More information

THE STATE OF THE ECONOMY

THE STATE OF THE ECONOMY THE STATE OF THE ECONOMY CARLY HARRISON Portland State University The economy continues to grow at a steady rate, with slight increases in global and national GDP, a lower national unemployment rate, and

More information

Outlook for the Texas Economy. Luis Bernardo Torres Ruiz, Ph.D. August 26, 2016

Outlook for the Texas Economy. Luis Bernardo Torres Ruiz, Ph.D. August 26, 2016 Outlook for the Texas Economy Luis Bernardo Torres Ruiz, Ph.D. August 26, 2016 Research Economist Texas Society of Architects Contents 1. U.S. Economic Outlook 2. Texas Economic Outlook 3. Challenges and

More information

Current Economic Conditions in the Eighth Federal Reserve District. Louisville Zone

Current Economic Conditions in the Eighth Federal Reserve District. Louisville Zone Current Economic Conditions in the Eighth Federal Reserve District Louisville Zone December 17, 2008 Prepared by the Center for Regional Economics 8th District (CRE8) Federal Reserve Bank of St. Louis

More information

Current Economic Conditions in the Eighth Federal Reserve District. St. Louis Zone

Current Economic Conditions in the Eighth Federal Reserve District. St. Louis Zone Current Economic Conditions in the Eighth Federal Reserve District St. Louis Zone December 17, 2009 Prepared by the Center for Regional Economics 8th District (CRE8) Federal Reserve Bank of St. Louis Eighth

More information

NEW ENGLAND ECONOMIC OUTLOOK

NEW ENGLAND ECONOMIC OUTLOOK NEW ENGLAND ECONOMIC OUTLOOK Lincoln Institute of Land Policy Economic Perspectives on State and Local Taxes May 11, 2018 Mary A. Burke Senior Economist New England Public Policy Center Federal Reserve

More information

Current Economic Conditions in the Eighth Federal Reserve District. Memphis Zone

Current Economic Conditions in the Eighth Federal Reserve District. Memphis Zone Current Economic Conditions in the Eighth Federal Reserve District Memphis Zone March 18, 2011 Prepared by the Research Division of the Federal Reserve Bank of St. Louis Eighth Federal Reserve District

More information

Economic Highlights. ISM Purchasing Managers Index 1. Sixth District Payroll Employment by Industry 2. Contributions to Real GDP Growth 3

Economic Highlights. ISM Purchasing Managers Index 1. Sixth District Payroll Employment by Industry 2. Contributions to Real GDP Growth 3 December 1, 2010 Economic Highlights Manufacturing ISM Purchasing Managers Index 1 Employment Sixth District Payroll Employment by Industry 2 Economic Activity Contributions to Real GDP Growth 3 Prices

More information

Current Economic Conditions in the Eighth Federal Reserve District. Little Rock Zone

Current Economic Conditions in the Eighth Federal Reserve District. Little Rock Zone Current Economic Conditions in the Eighth Federal Reserve District Little Rock Zone July 2, 2010 Prepared by the Center for Regional Economics 8th District (CRE8) Federal Reserve Bank of St. Louis Eighth

More information

Current Economic Conditions in the Eighth Federal Reserve District. Little Rock Zone

Current Economic Conditions in the Eighth Federal Reserve District. Little Rock Zone Current Economic Conditions in the Eighth Federal Reserve District Little Rock Zone September 24, 2009 Prepared by the Center for Regional Economics 8th District (CRE8) Federal Reserve Bank of St. Louis

More information

Single-family home sales and construction are not expected to regain 2005 peaks

Single-family home sales and construction are not expected to regain 2005 peaks Single-family home sales and construction are not expected to regain 25 peaks Millions of units 8. 7. 6. 5. Housing starts (right axis) 4. Home sales (left axis) 3. 2. 1. 198 1985 199 1995 2 25 21 215

More information

March 2017 Dashboard for St. Croix Valley Released

March 2017 Dashboard for St. Croix Valley Released March 2017 Dashboard for St. Croix Valley Released The March 2017 edition of the St. Croix Valley Economic Dashboard has been released by the Center for Economic Research (CER) at UWRiver Falls, in partnership

More information

Four Questions for Current Monetary Policy

Four Questions for Current Monetary Policy Four Questions for Current Monetary Policy James Bullard President and CEO, FRB-St. Louis New York Association for Business Economics 20 September 2013 New York, N.Y. Any opinions expressed here are my

More information

U.S. & Missouri Economic Outlook

U.S. & Missouri Economic Outlook U.S. & Missouri Economic Outlook Missouri Government Finance Officers Association Jason Brown Economist The views expressed are those of the presenter and do not necessarily reflect the positions of the

More information

The Federal Reserve, Monetary Policy, and Economic Indicators

The Federal Reserve, Monetary Policy, and Economic Indicators The Federal Reserve, Monetary Policy, and Economic Indicators Megan Williams Associate Economist Federal Reserve Bank of Kansas City, Oklahoma City Branch The Creation of the Fed The first two national

More information

Quarterly Economics Briefing

Quarterly Economics Briefing Quarterly Economics Briefing March 2015 Review of Current Conditions: The Economic Outlook and Its Impact on Workers Compensation The exhibits below are updated to reflect the current economic outlook

More information

Current Economic Conditions in the Eighth Federal Reserve District. Louisville Zone

Current Economic Conditions in the Eighth Federal Reserve District. Louisville Zone Current Economic Conditions in the Eighth Federal Reserve District Louisville Zone September 21, 2012 Prepared by the Research Division of the Federal Reserve Bank of St. Louis Eighth Federal Reserve District

More information

The U.S. Macroeconomic Outlook

The U.S. Macroeconomic Outlook The U.S. Macroeconomic Outlook James Bullard President and CEO, FRB-St. Louis Australian Centre for Financial Studies International Distinguished Lecture April 10, 2017 Melbourne, Australia Any opinions

More information

Data Digest: Georgia. July 2011

Data Digest: Georgia. July 2011 Data Digest: Georgia July 2011 Georgia s economic performance continues to mirror that of the United States. About the Coincident Economic Indicator Jan 2001 = 100 115 Coincident Economic Indicator May

More information

Current Economic Conditions in the Eighth Federal Reserve District. Memphis Zone

Current Economic Conditions in the Eighth Federal Reserve District. Memphis Zone Current Economic Conditions in the Eighth Federal Reserve District Memphis Zone September 24, 2009 Prepared by the Center for Regional Economics 8th District (CRE8) Federal Reserve Bank of St. Louis Eighth

More information

OUTLOOK FOR THE U.S. ECONOMY AND MONETARY POLICY

OUTLOOK FOR THE U.S. ECONOMY AND MONETARY POLICY OUTLOOK FOR THE U.S. ECONOMY AND MONETARY POLICY MassDevelopment Conference Current Topics in Tax-Exempt Financing Boston, MA November 3, 2017 Mary A. Burke Senior Economist Federal Reserve Bank of Boston

More information

U.S. Lodging Industry Update. Are You Tired of Being at the Peak?

U.S. Lodging Industry Update. Are You Tired of Being at the Peak? U.S. Lodging Industry Update Question for Jan: Are You Tired of Being at the Peak? R. Mark Woodworth CBRE Hotels Americas Research March 23, 2017 Bright Horizons.. Dusty Dawns.. U.S. Lodging Industry Update

More information

March 19, Employment. Benchmark Jobs Data Proved More Accurate in Real Time

March 19, Employment. Benchmark Jobs Data Proved More Accurate in Real Time March 19, 2019 Growth in employment and the business-cycle index slowed for Houston at the start of the year. Leading indicators were mixed but largely painted a softer outlook for 2019. Revisions to 2018

More information

Central Oregon Employment Situation for December 2014

Central Oregon Employment Situation for December 2014 January 26, 2015 Contact: Damon M. Runberg Regional Economist (541) 388-6442 Central Oregon Employment Situation for December 2014 Central Oregon closed out 2014 with mixed results. This past year Deschutes

More information

Current Economic Conditions in the Eighth Federal Reserve District. Little Rock Zone

Current Economic Conditions in the Eighth Federal Reserve District. Little Rock Zone Current Economic Conditions in the Eighth Federal Reserve District Little Rock Zone December 17, 2009 Prepared by the Center for Regional Economics 8th District (CRE8) Federal Reserve Bank of St. Louis

More information

Nebraska Economic Outlook

Nebraska Economic Outlook Nebraska Economic Outlook Nathan Kauffman Omaha Branch Executive and Economist Federal Reserve Bank of Kansas City August 3, 16 The views expressed are those of the author and do not necessarily reflect

More information

The Fed and The U.S. Economic Outlook

The Fed and The U.S. Economic Outlook The Fed and The U.S. Economic Outlook Maria Luengo-Prado Senior Economist and Policy Advisor Federal Reserve Bank of Boston May 13, 2016 Presentation prepared for the Telergee Alliance CFO & Controllers

More information

The U.S. Economic Outlook

The U.S. Economic Outlook The U.S. Economic Outlook Gering/Scottsbluff Economic Forum August 23, 216 George A. Kahn Vice President and Economist The views expressed are those of the author and do not necessarily reflect the opinions

More information

The Global Economy: A Cyclical Boom (with Risks)

The Global Economy: A Cyclical Boom (with Risks) The Global Economy: A Cyclical Boom (with Risks) Karen Dynan Nonresident Senior Fellow Peterson Institute for International Economics Professor of the Practice Harvard University Department of Economics

More information

Texas Economic Outlook: Strong Growth Continues

Texas Economic Outlook: Strong Growth Continues Texas Economic Outlook: Strong Growth Continues Keith Phillips Assistant Vice President and Senior Economist 1/23/18 The views expressed in this presentation are strictly those of the presenter and do

More information

Recent Recent Developments 0

Recent Recent Developments 0 Recent Developments 0 Global activity has slowed noticeably World Trade (annualized percent change of three month moving average over previous three month moving average) Purchasing Managers Index (PMI)

More information

BLS Data: Wisconsin Adds Statistically Significant 35,900 Private-Sector, 22,800 Manufacturing Jobs Over Year

BLS Data: Wisconsin Adds Statistically Significant 35,900 Private-Sector, 22,800 Manufacturing Jobs Over Year Department of Workforce Development Secretary s Office 201 E. Washington Avenue P.O. Box 7946 Madison, WI 53707 Telephone: (608) 266-3131 Fax: (608) 266-1784 Email: sec@dwd.wisconsin.gov Scott Walker,

More information

David A Penn, Director and Associate Professor Business and Economic Research Center Jones College of Business Middle Tennessee State University

David A Penn, Director and Associate Professor Business and Economic Research Center Jones College of Business Middle Tennessee State University David A Penn, Director and Associate Professor Business and Economic Research Center Jones College of Business Middle Tennessee State University David.Penn@mtsu.edu www.mtsu.edu/berc National Economic

More information

Ahmad Ijaz Center for Business and Economic Research Culverhouse College of Commerce The University of Alabama

Ahmad Ijaz Center for Business and Economic Research Culverhouse College of Commerce The University of Alabama US Economic Outlook Ahmad Ijaz Center for Business and Economic Research Culverhouse College of Commerce The University of Alabama Composite Can and Tube Institute Annual Meeting Point Clear, Alabama May

More information

Michigan Economic Update

Michigan Economic Update Michigan Economic Update Federal Reserve Bank of Chicago Detroit Branch October 30, 2015 Paul Traub Senior Business Economist The Midwest Economy declined to -0.15 in September while Michigan s contribution

More information

Current Economic Conditions in the Eighth Federal Reserve District. Little Rock Zone

Current Economic Conditions in the Eighth Federal Reserve District. Little Rock Zone Current Economic Conditions in the Eighth Federal Reserve District Little Rock Zone March 23, 2012 Prepared by the Research Division of the Federal Reserve Bank of St. Louis Eighth Federal Reserve District

More information

BLS Data: State Adds 8,900 Private Sector Jobs, 2,100 Manufacturing Jobs in March: Unemployment Rate Holds at Historically Low 2.

BLS Data: State Adds 8,900 Private Sector Jobs, 2,100 Manufacturing Jobs in March: Unemployment Rate Holds at Historically Low 2. Department of Workforce Development Secretary s Office 201 E. Washington Avenue P.O. Box 7946 Madison, WI 53707 Telephone: (608) 266-3131 Fax: (608) 266-1784 Email: sec@dwd.wisconsin.gov Scott Walker,

More information

When Will U.S. Inflation Return to Target?

When Will U.S. Inflation Return to Target? When Will U.S. Inflation Return to Target? James Bullard President and CEO Economic Update Breakfast Nov. 14, 2017 Louisville, Ky. Any opinions expressed here are my own and do not necessarily reflect

More information

THE STATE OF THE ECONOMY

THE STATE OF THE ECONOMY THE STATE OF THE ECONOMY ANGELA GUO Portland State University The United States economy in the fourth quarter of 2013 appears to have a more robust foothold pointing to a healthier outlook for 2014. Much

More information

Data Digest: Georgia. October 2013

Data Digest: Georgia. October 2013 Data Digest: Georgia October 2013 Georgia s economic performance has improved steadily since December 2009. The state s coincident economic indicator for August is at its highest level since mid-2008.

More information

Current Economic Conditions in the Eighth Federal Reserve District. Memphis Zone

Current Economic Conditions in the Eighth Federal Reserve District. Memphis Zone Current Economic Conditions in the Eighth Federal Reserve District Memphis Zone September 21, 2012 Prepared by the Research Division of the Federal Reserve Bank of St. Louis Eighth Federal Reserve District

More information

The U.S. Economic Situation and Recent Monetary Policy Developments

The U.S. Economic Situation and Recent Monetary Policy Developments The U.S. Economic Situation and Recent Monetary Policy Developments James Bullard President and CEO, FRB-St. Louis Kentucky Day with the Commissioner 18 April 2011 Louisville, KY Any opinions expressed

More information

The National and Local Economic Outlook

The National and Local Economic Outlook The National and Local Economic Outlook Robert H. Schnorbus, PhD Federal Reserve Bank of Richmond bob.schnorbus@rich.frb.org The State of Small Business Charlottesville, Virginia July 22, 2010 Disclaimer:

More information

Wisconsin Adds Nearly 10,000 Private-Sector Jobs in November, Unemployment Rate Remains at or Below 3 percent for 10 th Straight Month

Wisconsin Adds Nearly 10,000 Private-Sector Jobs in November, Unemployment Rate Remains at or Below 3 percent for 10 th Straight Month Department of Workforce Development Secretary s Office 201 E. Washington Avenue P.O. Box 7946 Madison, WI 53707 Telephone: (608) 266-3131 Fax: (608) 266-1784 Email: sec@dwd.wisconsin.gov Scott Walker,

More information

Current Economic Conditions in the Eighth Federal Reserve District. Little Rock Zone

Current Economic Conditions in the Eighth Federal Reserve District. Little Rock Zone Current Economic Conditions in the Eighth Federal Reserve District Little Rock Zone December 21, 2012 Prepared by the Research Division of the Federal Reserve Bank of St. Louis Eighth Federal Reserve District

More information

Economic Outlook 2013 Impact on California

Economic Outlook 2013 Impact on California The Fermanian Business & Economic Institute business & economics in action FBEI 2013 Economic Outlook 2013 Impact on California 29 th Annual San Diego Economic Roundtable January 25, 2013 Lynn Reaser,

More information

Current Economic Conditions in the Eighth Federal Reserve District. Little Rock Zone

Current Economic Conditions in the Eighth Federal Reserve District. Little Rock Zone Current Economic Conditions in the Eighth Federal Reserve District Little Rock Zone December 23, 2010 Prepared by the Center for Regional Economics 8th District (CRE8) Federal Reserve Bank of St. Louis

More information

Economic Data and Interest Rate Forecast

Economic Data and Interest Rate Forecast Economic Data and Interest Rate Forecast February 2018 (Data through February 14, 2018) Monthly highlights Nonfarm Payroll off to solid start in 2018 Year over year wage growth jumps Manufacturing sector

More information

US Economic Outlook and Policy Challenges May 2017

US Economic Outlook and Policy Challenges May 2017 US Economic Outlook and Policy Challenges May 2017 Kevin Mumford Associate Professor of Economics Krannert School of Management Purdue University Percent of Labor Force Unemployed Unemployment is at pre-recession

More information

October 2016 Dashboard for St. Croix Valley Released

October 2016 Dashboard for St. Croix Valley Released October 2016 Dashboard for St. Croix Valley Released The October 2016 edition of the St. Croix Valley Economic Dashboard has been released by the Center for Economic Research (CER) at UWRiver Falls, in

More information

Current Economic Conditions in the Eighth Federal Reserve District. St. Louis Zone

Current Economic Conditions in the Eighth Federal Reserve District. St. Louis Zone Current Economic Conditions in the Eighth Federal Reserve District St. Louis Zone September 24, 2009 Prepared by the Center for Regional Economics 8th District (CRE8) Federal Reserve Bank of St. Louis

More information

THE STATE OF THE ECONOMY

THE STATE OF THE ECONOMY THE STATE OF THE ECONOMY ANGELA GUO Portland State University Moderate growth continued in the United States economy through the second quarter of 2013, though forecasters had anticipated an acceleration

More information

Data Digest: Florida. June 2011

Data Digest: Florida. June 2011 Data Digest: Florida June 2011 Florida s economic performance continues to lag the nation. Broad indicators of economic activity in Florida show stabilization but little improvement. Comparable U.S. data

More information

Economic Outlook. for Connecticut Developers Council. Alissa DeJonge Vice President of Research Connecticut Economic Resource Center, Inc (CERC)

Economic Outlook. for Connecticut Developers Council. Alissa DeJonge Vice President of Research Connecticut Economic Resource Center, Inc (CERC) Economic Outlook for Connecticut Developers Council Alissa DeJonge Vice President of Research Connecticut Economic Resource Center, Inc (CERC) March 5, 2015. Presentation Overview } Global Conditions }

More information

Economic Outlook and Monetary Policy

Economic Outlook and Monetary Policy Economic Outlook and Monetary Policy Enterprise Risk Management Symposium Chicago, IL September 3, 214 Spencer Krane Senior Vice President Federal Reserve Bank of Chicago The views expressed here are my

More information

Dothan Rotary Club. Economic Update. Lesley McClure Federal Reserve Bank of Atlanta October 2, 2013

Dothan Rotary Club. Economic Update. Lesley McClure Federal Reserve Bank of Atlanta October 2, 2013 Economic Update Dothan Rotary Club The views expressed here are not necessarily those of the FOMC, the Federal Reserve Bank of Atlanta or the Federal Reserve System. Lesley McClure Federal Reserve Bank

More information

REGIONAL SUMMARIES. Nonfarm employment grew in the second quarter. Non-farm jobs totaled 56,900 in June, up from 55,500 in June 2016.

REGIONAL SUMMARIES. Nonfarm employment grew in the second quarter. Non-farm jobs totaled 56,900 in June, up from 55,500 in June 2016. Second Quarter 2017 Quarterly narrative An independent economic analysis of four Arkansas metro areas: Central Arkansas Northwest Arkansas The Fort Smith region Jonesboro metro REGIONAL SUMMARIES Fort

More information

U.S. & District Economic Outlook

U.S. & District Economic Outlook U.S. & District Economic Outlook Nebraska LEAD Program February 5, 2015 Jason Brown Senior Economist The views expressed are those of the presenter and do not necessarily reflect the positions of the Federal

More information

Current Economic Conditions in the Eighth Federal Reserve District. Louisville Zone

Current Economic Conditions in the Eighth Federal Reserve District. Louisville Zone Current Economic Conditions in the Eighth Federal Reserve District Louisville Zone July 2, 2010 Prepared by the Center for Regional Economics 8th District (CRE8) Federal Reserve Bank of St. Louis Eighth

More information

Data Digest: Data Georgia August 2011

Data Digest: Data Georgia August 2011 Data Digest: Georgia August 2011 Georgia s economic performance is slightly flatter than that of the United States. About the Coincident Economic Indicator Jan 2001 = 100 115 Coincident Economic Indicator

More information

BLS Data: Wisconsin Unemployment Rate Remains at or Below 3 percent for Record 9 th Straight Month

BLS Data: Wisconsin Unemployment Rate Remains at or Below 3 percent for Record 9 th Straight Month Department of Workforce Development Secretary s Office 201 E. Washington Avenue P.O. Box 7946 Madison, WI 53707 Telephone: (608) 266-3131 Fax: (608) 266-1784 Email: sec@dwd.wisconsin.gov Scott Walker,

More information

BLS Data: Wisconsin's Labor Force, Total Employment Reach Record Highs in June; 41,500 More Employed Over Year

BLS Data: Wisconsin's Labor Force, Total Employment Reach Record Highs in June; 41,500 More Employed Over Year Department of Workforce Development Secretary s Office 201 E. Washington Avenue P.O. Box 7946 Madison, WI 53707 Telephone: (608) 266-3131 Fax: (608) 266-1784 Email: sec@dwd.wisconsin.gov Scott Walker,

More information

U.S. and Oklahoma Economic Outlook

U.S. and Oklahoma Economic Outlook FEDERAL RESERVE BANK OF FEDERAL KANSAS RESERVE CITY OKLAHOMA BANK OF CITY KANSAS BRANCH CITY U.S. and Oklahoma Economic Outlook Oklahoma City Risk Management Association November 1, 18 Chad Wilkerson Oklahoma

More information

SUBJECT: PRELIMINARY NOVEMBER 2011 ECONOMIC FORECAST

SUBJECT: PRELIMINARY NOVEMBER 2011 ECONOMIC FORECAST October 26, 2011 STATE OF WASHINGTON ECONOMIC AND REVENUE FORECAST COUNCIL - 34-1560 TO: FROM: Governor s Council of Economic Advisors Arun Raha, Executive Director Economic and Revenue Forecast Council

More information