State Budgets Under Stress Larry DeBoer Purdue University September 20, 2011 Purdue Cooperative Extension Service.

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Presentation transcript:

State Budgets Under Stress Larry DeBoer Purdue University September 20, 2011 Purdue Cooperative Extension Service

Real GDP Growth

Unemployment Rate

Payroll Employment

Index of Consumer Sentiment 57.8 Sept ‘11

Real House Price Index

Residential Building Permits

Auto and Light Truck Sales (annual basis)

Real Federal Government Purchases

Federal Funds Interest Rates

Corporate Bond Interest Rates, AAA and BAA BAA AAA

CPI Inflation, All Items and Core Core (less food and energy) All Items

Crude Oil Price, Nominal and Real Real Nominal

Source: World Bank

Michigan Ohio Indiana Wisconsin Pennsylvania Illinois

Manufacturing Employment, Indiana

Source: NASBO, Fiscal Survey of the States

State and Local Purchases, Percent Change from Previous Year, Adjusted for Inflation

State Government Employment

Local Government Employment: Education

Local Government Employment: Non-Education

State Budgets Under Stress Larry DeBoer Purdue University September 20, 2011 Purdue Cooperative Extension Service