Presentation is loading. Please wait.

Presentation is loading. Please wait.

Economic Outlook 21 st Annual Southern California Visitor Industry Outlook Conference Jack Kyser Sr. VP & Founding Economist, The Kyser Center for Economic.

Similar presentations


Presentation on theme: "Economic Outlook 21 st Annual Southern California Visitor Industry Outlook Conference Jack Kyser Sr. VP & Founding Economist, The Kyser Center for Economic."— Presentation transcript:

1 Economic Outlook 21 st Annual Southern California Visitor Industry Outlook Conference Jack Kyser Sr. VP & Founding Economist, The Kyser Center for Economic Research, LAEDC Friday October 30, 2009

2 They say the recession is over…

3 JOBLESS RATES HIGH AND RISING Sources: BLS, CA EDD Percent Unemployed (SA)

4 JOB COUNTS HAVE BEEN DROPPING Sources: Bureau of Labor Statistics, CA EDD Q3 2009

5 Are there green shoots?

6

7 Source: U.S. Census Bureau

8

9 Spot Energy Prices $/ Mcf $/Barrel Sources: EIA, Natural Gas Weekly Latest Month Plotted: September 2009

10 Source: U.S. Department of Commerce, Bureau of Economic Analysis (BEA)

11 Corporate Profits With Inventory and Capital Consumption Adjustments Source: Bureau of Economic Analysis (BEA), U.S. Department of Commerce

12 U.S. ECONOMIC GROWTH Q/Q Change (Annual Rate) Sources: Bureau of Economic Analysis, forecast by LAEDC You are here!

13 U.S. LABOR MARKET Sources: Bureau of Labor Statistics, forecasts by LAEDC Forecast Millions of Jobs Unemployment Rate (%)

14 California Fundamentals Unemployment Rate Change in Nonfarm Jobs Year/Year (000s) Source: California Employment Development Dept. (EDD) September 2009 NSA

15 Los Angeles County Fundamentals Unemployment Rate Change in Nonfarm Jobs Year/Year (000s) Source: California Employment Development Dept. (EDD) September 2009 NSA

16 San Francisco Fundamentals Unemployment Rate Change in Nonfarm Jobs Year/Year (000s) Source: California Employment Development Dept. (EDD) September 2009 NSA

17 San Diego Fundamentals Unemployment Rate Change in Nonfarm Jobs Year/Year (000s) Source: California Employment Development Dept. (EDD) September 2009 NSA

18 Phoenix Fundamentals Unemployment Rate Change in Nonfarm Jobs Year/Year (000s) Source: Arizona Workforce, U.S. Bureau of Labor Statistics (BLS) September 2009 NSA

19 Chicago Fundamentals Unemployment Rate Change in Nonfarm Jobs Year/Year (000s) Source: Illinois Department of Employment Security (IDES), BLS September 2009 NSA

20 Mexico GDP Growth % Change in Real GDP, Year-Over-Year Source: IMF, World Economic Outlook, October 2009

21 Canada GDP Growth % Change in Real GDP, Year-Over-Year Source: IMF, World Economic Outlook, October 2009

22 U.K. GDP Growth % Change in Real GDP, Year-Over-Year Source: IMF, World Economic Outlook, October 2009

23 Japan GDP Growth % Change in Real GDP, Year-Over-Year Source: IMF, World Economic Outlook, October 2009

24 Value of U.S. Dollar Since 2000 Japanese Yen Euro Index (2000 = 100) Source: Federal Reserve Board

25 Wrap Up A slow jobless recovery Consumers & business still hesitant to spend Health of the airlines still shaky Lots of debate over the economy – 2010 is an election year Times are tough, but pay attention to the customer experience

26 THANK YOU and STAY INFORMED Keep up with economic news and major developments by subscribing to e-EDGE, our free weekly economic newsletter. Check out the current issue at


Download ppt "Economic Outlook 21 st Annual Southern California Visitor Industry Outlook Conference Jack Kyser Sr. VP & Founding Economist, The Kyser Center for Economic."

Similar presentations


Ads by Google