Taggert J. Brooks, PhD
Associate Professor of Economics
University of Wisconsin-La Crosse

Postwar Recessions (1946-2008): Cumulative Decline from NBER Peak (pct)
0
-1
Median
-2
2007 Recession
-3 Harshest
-4
-5
-6
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19

Postwar Recessions (1946-2008): Cumulative Decline from NBER Peak (pct)
0
1957
-1
1990
-2
2007 Recession
-3
-4
-5
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19

6.00 800
Thousands
Millions
700
5.00
Continued Claims for Unemployment: SA
600
Initial Claims for Unemployment: SA
4.00
500
3.00 400
300
2.00
200
1.00
100
0.00 0
1990-Jan-06 1994-Jan-06 1998-Jan-06 2002-Jan-06 2006-Jan-06

Continued Claims - Minnesota
140
Thousands
120
100
80
60
40
20
0
Jan-90 Jan-92 Jan-94 Jan-96 Jan-98 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08

Continued Claims - Wisconsin
200
Thousands
180
160
140
120
100
80
60
40
20
0
Jan-90 Jan-92 Jan-94 Jan-96 Jan-98 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08

Foreclosures: 7 Rivers Counties
1,000.0
900.0
800.0
Total Number of Foreclosures Filed in Jackson, Juneau, La Crosse,
Monroe, Trempealeau, Vernon Counties
700.0
600.0
500.0
400.0
300.0
200.0
100.0
-
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009*

250.0
Foreclosures Filed By County
200.0 Juneau
Monroe
150.0
Trempealeau
100.0
Vernon
Jackson
50.0
-
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009*

Number of Building Permits in Metropolitan Statistical Area
80.0
70.0
60.0
50.0
40.0
Total Permits
30.0
20.0 Single Unit Permits
10.0
0.0
Jan-99 Jan-01 Jan-03 Jan-05 Jan-07 Jan-09

Average Number of Days on Market 7 Rivers Region
130
120
110
100
90
80
70
60
50
40
1997-Jan 1999-Jan 2001-Jan 2003-Jan 2005-Jan 2007-Jan 2009-Jan

7 Rivers Region Percentage Increase in Selling Price for Previous 12 months
12.0
10.0
8.0
6.0
4.0
2.0
0.0
-2.0
-4.0
-6.0
1999-Jan 2001-Jan 2003-Jan 2005-Jan 2007-Jan 2009-Jan

Average Price of Single Family Homes Sold in 7 Rivers Region
$180,000
$170,000
$160,000
$150,000
$140,000
$130,000
$120,000
$110,000
$100,000
$90,000
$80,000
1997-Jan 1999-Jan 2001-Jan 2003-Jan 2005-Jan 2007-Jan 2009-Jan

Cash Bid Corn ($/bu)
$8.00
$7.00
$6.00
$5.00
$4.00
$3.00
$2.00
$1.00
$0.00
Sep-75 Sep-78 Sep-81 Sep-84 Sep-87 Sep-90 Sep-93 Sep-96 Sep-99 Sep-02 Sep-05 Sep-08

Real Corn Price $/BU CPI 1982-1984=100
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
1960 1970 1980 1990 2000 2010

Midwest Regular Reformulated Retail Gasoline Prices (C/gal)
450.0
400.0
350.0
300.0
250.0
200.0
150.0
100.0
50.0
0.0
Jan-95 Jan-97 Jan-99 Jan-01 Jan-03 Jan-05 Jan-07 Jan-09

In Recessions
People Substitute – Time for Money

In Recessions
People Get Healthier