Hunger Task Force 2009 Final

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Presentation on local recession to Hunger Task Force Conference.

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Hunger Task Force 2009 Final

  1. 1. Taggert J. Brooks, PhD Associate Professor of Economics University of Wisconsin-La Crosse
  2. 2. 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
  3. 3. 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
  4. 4. 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
  5. 5. 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
  6. 6. 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
  7. 7. 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*
  8. 8. 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*
  9. 9. 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
  10. 10. 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
  11. 11. 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
  12. 12. 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 $80,000 1997-Jan 1999-Jan 2001-Jan 2003-Jan 2005-Jan 2007-Jan 2009-Jan
  13. 13. Cash Bid Corn ($/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
  14. 14. 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
  15. 15. 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
  16. 16. In Recessions People Substitute – Time for Money
  17. 17. In Recessions People Get Healthier

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