1. Cochise College Center for Economic Research Economic Outlook Benson, Arizona

2. Cochise College Center for Economic Research Is the recession over yet?

3. Cochise College Center for Economic Research Seasonally Adjusted Annual Rate

4. Cochise College Center for Economic Research Compared to same month previous year

5. Cochise College Center for Economic Research New construction New/existing home sales Consumer spending/confidence Stock market/investor confidence Delinquent debt/foreclosures Employment

6. Cochise College Center for Economic Research Slow, steady economic growth Sustainability? Stabilization of labor market Double-dip recession? Inflation may become problematic in long term

7. Cochise College Center for Economic Research

9. Cochise County & Benson

10. Cochise College Center for Economic Research Inflation adjusted; compared to same month previous year

11. Cochise College Center for Economic Research

13. Cochise County 2010: 4.7% * 2009: -3.2% 2008: -6.5% 2007: -1.3% * Jan-Feb only Benson (Retail Sales Tax Revenue) 2010: 4.2% * 2009: -4.8% 2008: 0.6% 2007: 38.2% * Jan-Mar only

14. Cochise College Center for Economic Research Inflation adjusted; compared to same month previous year

15. Cochise College Center for Economic Research Cochise County 2010: -5.3% * 2009: 0.3% 2008: 0.2% 2007: 0.1% Benson 2010: -1.9% * 2009: 9.1% 2008: -0.6% 2007: -3.1% * Jan-Mar only

16. Cochise College Center for Economic Research Inflation adjusted; compared to same month previous year

17. Cochise College Center for Economic Research Cochise County 2010: 3.2% * 2009: -9.0% 2008: 1.0% 2007: 19.7% Benson 2010: 8.8% * 2009: -5.5% 2008: -7.5% 2007: 17.6% * Jan-Mar only

18. Cochise College Center for Economic Research Retail on solid path of recovery Continued strength in accommodation sales Restaurant and bar trending downward

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20. * Jan-Apr only; seasonally adjusted

21. Cochise College Center for Economic Research Seasonally Adjusted

22. Cochise College Center for Economic Research Compared to same month previous year

23. Cochise College Center for Economic Research 24 months ending Apr 2010 * Includes mining

24. Cochise College Center for Economic Research 24 months ending Apr 2010 * Includes mining

25. Cochise College Center for Economic Research Stabilization in first half of 2010 Job growth in second half Unemployment rate will remain high into 2011

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27. Single Family Residential Building Permits

28. Cochise College Center for Economic Research Cochise County 2010: 156 ( 59.2%)* 2009: 357 (-11.6%) 2008: 404 (-14.4%) 2007: 472 (-47.6%) 2006: 900 (-18.8%) 2005: 1,108 ( 5.9%) 2004: 1,046 ( 13.0%) 2003: 926 * Jan-Apr only Benson 2010: 25 (up from 18)** 2009: 38 2008: 64 2007: 25 2006: 104 2005: 5 2004: 2 2003: 0 **Jan-May only

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30. Cochise County 2010: 252 (-29.0%) * 2009: 1,162 ( -1.9%) 2008: 1,184 (-21.1%) 2007: 1,500 (-10.4%) 2006: 1,675 (-20.1%) 2005: 2,097 ( 14.9%) Benson 2010: 21 ( 16.7%)* 2009: 101 ( -1.9%) 2008: 103 (-28.0%) 2007: 143 ( -0.7%) 2006: 144 ( 0.7%) 2005: 143 ( -5.9%) * Jan-Mar only

31. Cochise College Center for Economic Research *Jan-Mar only

32. Cochise College Center for Economic Research Cochise County 2010: $173,172 ( -1.0%) * 2009: $182,500 ( -0.8%) 2008: $184,000 ( -5.6%) 2007: $195,000 ( 1.3%) 2006: $192,569 ( 10.7%) 2005: $173,900 ( 24.3%) 2004: $139,900 Benson 2010: $146,563 ( -7.1%) * 2009: $155,000 ( 6.9%) 2008: $145,000 ( -9.4%) 2007: $160,000 ( 24.1%) 2006: $128,950 ( 29.0%) 2005: $100,000 ( 21.6%) 2004: $80,250 * Jan-Mar only; comparison to same period a year prior

33. Cochise College Center for Economic Research New residential construction on path of recovery Existing home sales at bottom Home prices should continue to hold or decline modestly

34. Cochise College Center for Economic Research Recession is over (just not officially) Benson and Cochise County fared better than many other areas Major sectors of local economy have shown improvement Employment continues to lag

35. Cochise College Center for Economic Research