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1 Rebuilding Our Economy: The Prospects for the Economy to do More in 2010 Craig Thomas Senior Economist April 26, 2010.

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Presentation on theme: "1 Rebuilding Our Economy: The Prospects for the Economy to do More in 2010 Craig Thomas Senior Economist April 26, 2010."— Presentation transcript:

1 1 Rebuilding Our Economy: The Prospects for the Economy to do More in 2010 Craig Thomas Senior Economist April 26, 2010

2 2 Can the Return of Job Growth Continue? Yes Source: BLS, BEA

3 3 Quickly Getting Rid of Excess Housing Stock Source: BOC Got us into trouble Getting us out of trouble

4 4 Worst Is Over In the Ohio Housing Market Source: Case Shiller, PNC Economics Case Shiller house price index, 2000Q1=100

5 5 Households Are Getting Books Back In Order. Savings up, Debt Burdens Down Source: BEA, FRB % share of disposable income

6 6 Consumers Are Back! Source: BEA Retail sales, % change year ago

7 7 Shelves Are Bare. We Need More Stuff Now! Source: BOC Inventories, % change year ago

8 8 Once Above 50, Manufacturing Is Expanding Again Source: BOC ISM New Orders Diffusion Index, Index, SA

9 9 Exports Are No Longer A Drag; Higher Imports Reflect Stronger Domestic Demand Source: BOC Monthly change, 3-mth MA, $ bil., SA

10 10 Earnings Have Rebounded Strongly, and the Markets Have Noticed. Source: S&P

11 11 Jobs Are In Sight Source: PNC Economics Total employment, % change year ago

12 12 Joblessness Will Remain a Challenge, And Opportunity Source: PNC Economics Unemployment rate, %

13 13 Solid Industrial Diversity Shields Columbus From Manufacturing Consolidation Source: PNC Economics Employment, ths

14 14 When It Comes to Columbus, Migrants Vote With their Feet Source: PNC Economics Net migration, ths

15 15 Moderately Higher Rates on the Horizon Source: PNC Economics

16 16 PNC Economics Regional Forecasting Platform www.pnc.com/economicreports

17 17 The PNC Financial Services Group, Inc. Disclaimer: The material presented is of a general nature and does not constitute the provision of investment or economic advice to any person, or a recommendation to buy or sell any security or adopt any investment strategy. Opinions and forecasts expressed herein are subject to change without notice. Relevant information was obtained from sources deemed reliable. Such information is not guaranteed as to its accuracy. You should seek the advice of an investment professional to tailor a financial plan to your particular needs.


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