1. Economic Situation Fall 2011 Ryan Dover, Amanda Eddie, Emily Knapp, Brandon Palmer, Mike Shields

2. Introduction 13 Recessions, since Great Depression Oil prices 1970's Tech stocks 1990's Subprime mortgages Job lag Poverty Unemployment

3. Recession This recession has been 2x longer than the recession in the early 90’s

4. This recession was 15x larger than the previous one Recession Cont.

5. Job Growth http://www.cleveland.com/datacentral/index.ssf/2010/10/us_job_growth_and_loss_under_p.html

6. Jobs Program Keynesian Fiscal Stimuli Payroll Tax Cuts New Demand  Increase GDP  Creation of More Jobs http://www.msnbc.msn.com/id/44489655/ns/business-eye_on_the_economy/

7. Job Outlook Positive Not Drastic Added 1% by 2014 Slow Recovery http://www.usatoday.com/money/economy/story/Jobs-Forecast-2011/34083932/1

8. Today’s unemployment rate is not historically unprecedented, but it only tells part of the story…

9. Poverty on the Rise According to Census Bureau data, the U.S. poverty rate rose last year to 15.1 percent, the highest level in 17 years. http://www.npr.org/2011/09/13/140438725/census-2010-saw-poverty- rate-increase-income-drop

10. How many are truly unemployed, or underemployed?

11. Typically, “job leavers” comprise about half of total unemployed. Today, “job losers” account for a much higher portion.

12. Today’s job seeker spends about 22 weeks seeking work, nearly double that of recent recessions.

13. Conclusion 13 recessions since Great Depression Recession ended June 2009 Unemployment problems persist Housing prices still falling