Summer/Fall 2013 Economic Update

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"Summer/Fall 2013 Economic Update" webinar slides presented September 12, 2013, by Kenneth Hunter on behalf of American Society for Public Administration (ASPA)

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<p>Economic Update</p> <p>Summer/Fall 2013Economic OverviewPresented ByKenneth Hunter, MPAABFM Executive CommitteeEditor, Line ItemSeptember 12, 2013</p> <p>Evaluating the Economy</p> <p>3Sources for Information</p> <p>4Understanding Productivity</p> <p>5</p> <p>The market certainly recovered!</p> <p>Wheres the Wealth?14</p> <p>Are Markets Stressed?</p> <p>Treasury Yields Ticking UpwardDollars Position Helping Exports</p> <p>Housing Market Slowly Recovering</p> <p>Mortgage Rates Climbing</p> <p>Energy Costs Trending Upward</p> <p>Where do we stand on volatility?</p> <p>Crude OilGoldS&amp;P 500How are Individuals Doing?</p> <p>23</p> <p>Published 9/6/2013</p> <p>Unemployment Claims DOWN!</p> <p>Hiring Resumed (Sort Of)Hiring Resumed (Sort Of)</p> <p>The Biggest Shift of All!Discouragement Still a BIG Issue!</p> <p>Earnings are Improving</p> <p>Saez, Emmanuel. Striking it Richer: The Evolution of Top Incomes in the United States (Updated with 2012 preliminary estimates). http://elsa.berkeley.edu/~saez/saez-UStopincomes-2012.pdf (September 3, 2013)Its Been a TOUGH Recession!</p> <p>Gasoline Prices in PerspectiveWhat It Means for Government</p> <p>35Federal Debt Keeps Growing!</p> <p>36Hows the Fed Helping?</p> <p>37</p> <p>State &amp; Local Condition BetterLocal Pensions are Underfunded</p> <p>39Local Pensions are Underfunded</p> <p>40Looking forward?</p> <p>41OutlookUS GDP Growth2.3% annualized rate for 3rd Quarter1.9% growth for 2013 (down from earlier 2.4%)3.0% growth in 2014</p> <p>Probability of Feds Taper~45% during rest of 2013~80% in 2014</p> <p>Thank You!Kenneth HunterKenneth.Hunter@nclgba.org</p> <p>www.ABFM.org</p>

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