1. Macroeconomic Measures Wisconsin Council for the Social Studies March 21, 2011
Dr. Norm Cloutier, Director UW-Parkside Center for Economic Education

2. Inflation: CPI-U and Core (12-month average)
CUUR0000SA0
CUUR0000SA0L1E

3. We Have Turned the Corner (??)
2010 Q4= 3.2%
Real GDP decline in Great Recession (2005 Chain-weighted):
2008 Q2 13,359
2009 Q2 12,810
-4.11%

4. Unemployment: U3 and <HS Education
January % %

5. Job Loss as Percentage of Employment Peak
Lost > 500,000 jobs per month, Oct 2008 thru Apr 2009
1981 recession total employment returned to peak (91.6 mil) 12 months after the end of the recession. Peak unemployment 10.8%.
1990 recession total employment returned to peak (109.8 mil) 23 months after the end of the recession. Peak unemployment 7.8%.
2001 recession total employment returned to peak (132.5 mil) 39 months after the end of the recession. Peak unemployment 6.3%.
2007 recession total employment returned to peak (138.2 mil)
Employment August 2009= mil
Sept 2009= mil
Feb 2010
8.76 mil jobs lost

6. Since Late-Oct 2009 Initial Unemployment Claims Have Been Declining