logging in or signing up dept revenue presentation Haggrid Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINTLite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 126 Category: Business & Fin.. License: All Rights Reserved Like it (0) Dislike it (0) Added: April 09, 2008 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... Premium member Presentation Transcript SOUTH DAKOTA AND THE RECESSION DEPARTMENT OF REVENUE PRESENTATION: SOUTH DAKOTA AND THE RECESSION DEPARTMENT OF REVENUE PRESENTATION Pierre, SD 5/2/02WHAT RECESSION?: WHAT RECESSION? Have we had a recession? What is a recession? NBER definition: “A recession is a significant decline in activity spread across the economy, lasting more than a few months, visible in industrial production, employment, real income, and wholesale-retail trade.” SO WHAT DOES THE NBER LOOK AT?: SO WHAT DOES THE NBER LOOK AT? PAYROLL EMPLOYMENT REAL PERSONAL INCOME LESS TRANSFERS REAL SALES –MFG & W/R INDUSTRIAL PRODUCTION All monthly “The committee gives relatively little weight to real GDP because it is only measured quarterly and it is subject to continuing, large revisions.” Let’s look at the single best indicator Best Single Indicator SD Labor Bulletin http://www.state.sd.us/dol/lmic/industries.htm: Best Single Indicator SD Labor Bulletin http://www.state.sd.us/dol/lmic/industries.htmMore Recent Trends: More Recent TrendsJob Losses : Job Losses NonAg Employment Peak 2001:03 379.9 thous Trough 2002:03 375.3 thous Loss 4.6 thous -1.2% Mfg Employment Peak 1999:05 50.6 thous Trough 2002:02 43.1 thous Loss 7.5 thous -14.8% All Feel the Pain: All Feel the PainMost Hard Hit: Most Hard Hit 4th Quarter Drop-US: 4th Quarter Drop-USFarm Income Down Since 2001: Farm Income Down Since 2001U.S. Economy Grew Strongly in First Quarter (5.8%) : U.S. Economy Grew Strongly in First Quarter (5.8%) Old Economy Impacted: Old Economy ImpactedHousing Remains Strong: Housing Remains Strong Which Industry is Largest?: Which Industry is Largest? INDUSTRY PI EMP GSP Farm 9.1% 7.2% 6.1% Ag. Ser 0.8% 1.4% 0.8% Mining 0.4% 0.3% 0.6% Const 6.2% 5.5% 4.1% Mfg 13.3% 10.0% 14.0% Tran & PU 6.4% 4.4% 8.2% Wh Tr 5.6% 4.2% 7.0% Ret Tr 9.6% 17.2% 10.7% FIR 7.5% 8.2% 18.1% Serv 24.3% 28.0% 17.6% Govt 16.7% 13.6% 12.6% DRI-WEFA FORECASTS: DRI-WEFA FORECASTSRISKS: RISKS OIL PRICE SHOCKS MIDEAST VIOLENCE TRADE DEFICIT You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.
dept revenue presentation Haggrid Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINTLite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 126 Category: Business & Fin.. License: All Rights Reserved Like it (0) Dislike it (0) Added: April 09, 2008 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... Premium member Presentation Transcript SOUTH DAKOTA AND THE RECESSION DEPARTMENT OF REVENUE PRESENTATION: SOUTH DAKOTA AND THE RECESSION DEPARTMENT OF REVENUE PRESENTATION Pierre, SD 5/2/02WHAT RECESSION?: WHAT RECESSION? Have we had a recession? What is a recession? NBER definition: “A recession is a significant decline in activity spread across the economy, lasting more than a few months, visible in industrial production, employment, real income, and wholesale-retail trade.” SO WHAT DOES THE NBER LOOK AT?: SO WHAT DOES THE NBER LOOK AT? PAYROLL EMPLOYMENT REAL PERSONAL INCOME LESS TRANSFERS REAL SALES –MFG & W/R INDUSTRIAL PRODUCTION All monthly “The committee gives relatively little weight to real GDP because it is only measured quarterly and it is subject to continuing, large revisions.” Let’s look at the single best indicator Best Single Indicator SD Labor Bulletin http://www.state.sd.us/dol/lmic/industries.htm: Best Single Indicator SD Labor Bulletin http://www.state.sd.us/dol/lmic/industries.htmMore Recent Trends: More Recent TrendsJob Losses : Job Losses NonAg Employment Peak 2001:03 379.9 thous Trough 2002:03 375.3 thous Loss 4.6 thous -1.2% Mfg Employment Peak 1999:05 50.6 thous Trough 2002:02 43.1 thous Loss 7.5 thous -14.8% All Feel the Pain: All Feel the PainMost Hard Hit: Most Hard Hit 4th Quarter Drop-US: 4th Quarter Drop-USFarm Income Down Since 2001: Farm Income Down Since 2001U.S. Economy Grew Strongly in First Quarter (5.8%) : U.S. Economy Grew Strongly in First Quarter (5.8%) Old Economy Impacted: Old Economy ImpactedHousing Remains Strong: Housing Remains Strong Which Industry is Largest?: Which Industry is Largest? INDUSTRY PI EMP GSP Farm 9.1% 7.2% 6.1% Ag. Ser 0.8% 1.4% 0.8% Mining 0.4% 0.3% 0.6% Const 6.2% 5.5% 4.1% Mfg 13.3% 10.0% 14.0% Tran & PU 6.4% 4.4% 8.2% Wh Tr 5.6% 4.2% 7.0% Ret Tr 9.6% 17.2% 10.7% FIR 7.5% 8.2% 18.1% Serv 24.3% 28.0% 17.6% Govt 16.7% 13.6% 12.6% DRI-WEFA FORECASTS: DRI-WEFA FORECASTSRISKS: RISKS OIL PRICE SHOCKS MIDEAST VIOLENCE TRADE DEFICIT