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Local Economic Stories to Jump on Now - Session 1 by Marilyn Geewax
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Local Economic Stories to Jump on Now - Session 1 by Marilyn Geewax

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Marilyn Geewax presents 5 Local Economic Stories to Jump on Now, a free business journalism webinar hosted by the Donald W. Reynolds National Center for Business Journalism. …

Marilyn Geewax presents 5 Local Economic Stories to Jump on Now, a free business journalism webinar hosted by the Donald W. Reynolds National Center for Business Journalism.

Check out additional resources from this webinar at the following link: http://businessjournalism.org/2013/01/15/5-local-economic-stories-to-jump-on-now-self-guided-training/.

For more information about free training for business journalists, please visit businessjournalism.org.

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  • 1. As 2013 begins… (At Least) 5 LocalEconomic Stories to Jump On Now Day One Marilyn Geewax NPR Senior Business Editor
  • 2. What We Will Explore Today•  The 2013 Economy: Another Recession Coming? Or A Boom?•  What Does President Obama Want?•  What Does the GOP-led House Want?•  What Do Business Groups Want?•  What Does Labor Want?•  Tomorrow: How can you find local angles?
  • 3. Five Years of Troubles
  • 4. Job Losses – The Key Problem
  • 5. Unemployment Shot Up http://data.bls.gov/timeseries/LNS14000000
  • 6. 2008 Was A Brutal Year http://www.tradingeconomics.com/united-states/gdp-growth
  • 7. Try to Remember…•  Think Back to January 2008. •  Did You Realize Then That The U.S. Economy Was Tanking?
  • 8. You Rarely Know What’sHappening in Such a Big EconomyThe slowdown in the housingsector “is a concern, but at thispoint we dont see it as being abroad financial concern or a majorfactor in assessing the course ofthe economy.” -- Fed Chairman Ben BernankeSpeaking to the House in February2007.
  • 9. POLL QUESTION #1Please answer by clicking the radio button on the upcoming screen. What’s coming in 2013? •  A recession •  A boom •  Slow growth •  I don’t know.
  • 10. What’s Coming in 2013?Q. Another Recession? Or A Boom?A. Most economists say the economy is growing, but at a sluggish pace.
  • 11. Jobless Rate – The Key Number•  7.7 percent today, which is lousy•  But in October 2009, it was 10 percent http://data.bls.gov/timeseries/LNS14000000
  • 12. 12 Million Unemployed Now Nearly 5 million are Long-Term Unemployed
  • 13. 3.7 Million Job Openings
  • 14. New-Home Sales Up 15% from the Same Time Last Year
  • 15. GDP Is Rising http://www.tradingeconomics.com/united-states/gdp-growth
  • 16. POLL QUESTION #2Please answer by clicking the radio button on the upcoming screen. Which state has the lowest unemployment rate? •  Oregon •  North Dakota •  Virginia •  Nebraska
  • 17. Fair To Say the Economy is Uneven, with Huge Regional Differences •  North Dakota is looking great, with 3.1 percent unemployment. Oil rig in Williston, N.D., by Flickr user lindsey gee
  • 18. POLL QUESTION #3Please answer by clicking the radio button on the upcoming screen. Which state has the highest unemployment rate? •  California •  Florida •  Nevada •  Arizona
  • 19. Fair To Say the Economy is Uneven, with Huge Regional Differences •  North Dakota is looking great, with 3.1 percent unemployment •  But in Nevada, the jobless rate remains nearly 11 percent. Photo by Flickr user Thomas Hawk
  • 20. Some Economists Think 2013Could Bring Much Better Growth Three reasons: 1.  Energy Expansion 2.  Agriculture Boom 3.  Construction Resumption
  • 21. Booming Oil Industry Struggling to Fill Job Openingshttp://www.npr.org/2012/05/09/152366886/booming-oil-industry-struggles-to-fill-jobs
  • 22. Farmers Have Been Adding Land Abby Fentress Swanson/Harvest Public Media
  • 23. New-Home Sales Create Jobs forLandscapers, Furniture Stores, Etc.
  • 24. POLL QUESTION #4Please answer by clicking the radio button on the upcoming screen.On a scale of 1 (Nevada – highestemployment) to 5 (North Dakota – lowestemployment)…Where would you rank your state’semployment?
  • 25. What Does President Obama Want?•  More Jobs•  Deficit Reduction•  Corporate-Tax Reform•  Immigration Reform•  More Green Energy•  Transportation-Infrastructure Upgrades http://www.whitehouse.gov/economy
  • 26. American Recovery andReinvestment Act of 2009
  • 27. What Do House Republicans Want? •  Lower Corporate Taxes •  Cut Federal Spending •  Expand Energy Extraction and Refining •  Reform Fannie Mae and Freddie Mac http://www.speaker.gov/initiatives
  • 28. GOP Has Had Few Wins Lately Win McNamee/Getty Images
  • 29. What Does Business Want?•  Corporate-Tax Reform•  More Spending for Roads, Bridges, Ports and Airports•  Immigration Reform•  Better Schools and Universities•  Tort Reform http://tinyurl.com/b9ka87z
  • 30. What Does Labor Want?•  More Spending for Transportation, Schools and Energy Infrastructure•  Trade-Policy Reforms•  More Federal Aid to State and Local Governments to Prevent Layoffs•  Wall Street Reforms•  Minimum-Wage Hike http://www.aflcio.org/Issues
  • 31. By Tomorrow:Email your favorite local economic storiesto Cassandra.Nicholson@businessjournalism.org.We’ll share the links!

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