slide1 n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
cteconomy.uconn.edu PowerPoint Presentation
Download Presentation
cteconomy.uconn.edu

Loading in 2 Seconds...

play fullscreen
1 / 38

cteconomy.uconn.edu - PowerPoint PPT Presentation


  • 94 Views
  • Uploaded on

cteconomy.uconn.edu. Top Ten Economic Myths. Myth #10 Recovery? What Recovery?. CONNECTICUT’S RECOVERY IS UNDER WAY. Change in Jobs in Thousands. Myth #9 Yes, but this recovery’s sub-par. job growth has been BETTER than expected. CT Job Growth. 2012. 2011. U.S. GDP Growth. 1969-2012.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'cteconomy.uconn.edu' - zasha


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
slide6

CONNECTICUT’S RECOVERY IS UNDER WAY

Change in Jobs in Thousands

slide8

job growth has been BETTER than expected

CT Job Growth

2012

2011

U.S. GDP Growth

1969-2012

slide10

WITH ALL THE JOBS COUNTED THERE’S A LOT MORE WORK NOW THAN BEFORE

Total Employment

Wage and Salary Employment

NOTE: Adjusted for population, CT was 10th in U.S. in employment growth 1994-2008

slide12

Output per worker far exceeds compensation

CT

Annual Worker Output

In 2011, CT #5 in Output less Compensation (After DE, AK, WY, LA

Annual Worker Compensation (Salary + Benefits)

slide14

HOME PRICES TRACK WITH INCOME

2010 Median Home Price

2010 Median Family Income

Note: Bridgeport-Stamford 21% above predicted; NYC 67% above predicted

slide16

WE’RE 45TH IN OWN-REVENUE* AS A SHARE OF INCOME

Own-revenue as a % of Income, 2010

Connecticut

* Includes Property, Sales, Individual and Corporate Income Taxes and user-charges for commodities and services (e.g. tuition, fees, tolls, etc.)

slide18

MILLIONAIRES’ TAX SHARE EXCEEDS INCOME SHARE

NOTE: In 2011, millionaires represented 0.6% of Connecticut filers.

slide20

STATE’S INCOME INEQUALITY IS SECOND AMONG FIFTY

2011 Gini Coefficient:

1.0 = perfect inequality

0.0 = perfect equality

CT

New York

slide21

FEWER OF US ARE POOR, MORE ARE RICH

Percent of Households, 2011

slide23

WE’RE 4th IN COLLEGE-EDUCATED ADULTS

Percent of Population 25+ with bachelor’s or higher, 2011

Connecticut

slide24

AND THERE IS NO MASS EXODUS OF YOUNG PEOPLE

(BUT AN AGING POPULATION POSES CHALLENGES)

1989 Profile

1989 Profile Advanced 20 Years

2009 Profile

slide29

GIVEN THE RANGE OF ECONOMISTS’ FORECASTS

FOR U.S. GDP

Annual Forecasted GDP Growth

Source: The Economist April 20th – 26th 2013

slide32

HOME SALES ARE PICKING UP

2000-2013 Average

slide33

AS ARE PERMITS; PARTICULARLY MULTIFAMILY

Single Family Permits

315

Multi-Family Permits

213

119

56

slide34

BUT PRICES ARE STILL STRUGGLING TO RECOVER

Across Tier, Prices are Down Nearly 30%

High Value Tier

Mid Value Tier

Low Value Tier

Source: CREUES UConn School of Business

slide35

AND THE SEQUESTER THREATENS TO REVERSE

ANY PROGRESS IN JOBS IN 2013

“Best Case”

CT Job Growth

Change in Jobs

1.2% of U.S.

Sequester-Related

Job Losses*

CT-Specfic Sequester-Related

Job Losses*

*CRS/Chumera Economics Estimates of direct, indirect and induced job losses