The document provides economic indicators and data for the 7 Rivers region: 1) It shows charts of employment declines, GDP declines, unemployment duration, and job separations that demonstrate the impacts of past recessions in 2001 and 2007-2008. 2) Additional charts show housing indicators like home prices, building permits, listings and foreclosures that all declined sharply in the region during the late 2000s housing crash but have started to recover in recent years. 3) Consumer sentiment and job security surveys illustrate that while economic confidence remains low, feelings of a recovery may be growing according to improved sentiment in 2011 compared to prior years.

1. Economic Indicators:
Challenges for the 7 Rivers
Region

2. Non-Standard Disclaimer:
I am an economist.
I am not a prophet, visionary, seer, oracle or a
fortune teller.
Those folks have respectable jobs.

3. Cumulative Monthly Employment
Decline from NBER Peak (pct)
4
1990
2
0
2001
-2
-4
2007
-6
-8
1 12 23 34 45

4. Real Gross Domestic Product :
13.6
Trillions of 2000 Dollars
13.4
Original Data
13.2
13.0
Revised Data
12.8
12.6
12.4
Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11

5. Cumulative % Decline in Quarterly
20.0
GDP from Peak
15.0
1981
2001
10.0
1991
5.0
0.0
2007
-5.0
-10.0
0 4 8 12 16

6. 100%
Percent of unemployed by
unemployment duration
75%
< 5 Weeks
50% 5 to 14 Weeks
25% 15 to 26 Weeks
> 26 Weeks
0%
Jan-80 Jan-84 Jan-88 Jan-92 Jan-96 Jan-00 Jan-04 Jan-08
Source: BLS

8. 2950.0
The Dayton Promise?: 240,000
Jobs
Minnesota Non-Farm Employment: Thousands
2900.0
2850.0
2800.0
2750.0
2700.0
2650.0
2600.0
2550.0
2500.0
2450.0
Jan-04 Jan-06 Jan-08 Jan-10 Jan-12 Jan-14
Source: BLS, http://goo.gl/lE69o

9. The Walker Promise: 250,000 Jobs
3050.0
Wisconsin Non-Farm Employment: Thousands
3000.0
2950.0
2900.0
2850.0
2800.0
2750.0
2700.0
2650.0
2600.0
2550.0
Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Jan-12 Jan-14
Source: BLS, http://goo.gl/lE69o

10. Percentage - Employment to
66 Population Ratio
64
62
60
58
56
54
52
50
1948 1954 1960 1966 1972 1978 1984 1990 1996 2002 2008

11. 4.0 Monthly Job Separations by
Type in Millions
3.5
Quits
3.0
2.5
2.0
1.5
Layoffs and Discharges
1.0
Jan-01 Jan-03 Jan-05 Jan-07 Jan-09 Jan-11

12. 5.5 Monthly Job Openings in Millions
5.0
4.5
4.0
3.5 Openings
3.0
2.5
2.0
1.5
1.0
Jan-01 Jan-03 Jan-05 Jan-07 Jan-09 Jan-11

13. When it comes to your current
job security, are you...
very satisfied
somewhat
satisfied
somewhat
dissatisfied Fall 2011
Spring 2011
very
dissatisfied
- 10 20 30 40 50

14. Thinking about the country's
economic conditions...
Pretty much hit the bottom
Still a ways to go
Fall 2011
Other Spring 2011
- 10 20 30 40 50 60

15. Bad Days for the Dow Jones Industrials
Average: Percentage Change from Previous
10/19/1987 Close
10/26/1987
10/15/2008
12/1/2008
10/9/2008
9/17/2001
10/27/1997
9/29/2008
10/13/1989
1/8/1988
5/21/1940
5/14/1940
9/26/1955
8/31/1998
10/22/2008
5/28/1962
4/14/2000
8/8/2011 August 8, 2011
11/20/2008
9/3/1946
10/7/2008
11/19/2008
11/5/2008
5/13/1940
11/6/2008
4/14/1988
5/17/1940
-35.0% -30.0% -25.0% -20.0% -15.0% -10.0% -5.0% 0.0%

17. 7 Rivers Consumer Sentiment
110
100
90
80
7 Rivers
70
60
50 National
40
April 2002 2003 2004
April April March 2006 2007*** February 2009*** 2010***
April August 2008***February April 2011***

19. Number of Building Permits in
80.0 La Crosse MSA
70.0
60.0 Total Permits
50.0
40.0
30.0
20.0
Single Unit Permits
10.0
0.0
Jan-99 Jan-01 Jan-03 Jan-05 Jan-07 Jan-09 Jan-11

20. Broken Windows Fallacy

24. Case-Shiller Index of Home Prices
240.0
220.0
200.0
180.0
160.0
7 Rivers Region
140.0
120.0 Minneapolis
100.0
Phoenix
80.0
Jan-98 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10

25. Case-Shiller Index of Home
150.0
Prices
7 Rivers Region
130.0
Minneapolis
110.0
Phoenix
90.0
Aug-08 Feb-09 Aug-09 Feb-10 Aug-10 Feb-11

26. Number of Single Family Listings
250.0
Sold Monthly 7 Rivers Region
200.0
150.0
100.0
50.0
0.0
1997-Jan 1999-Jan 2001-Jan 2003-Jan 2005-Jan 2007-Jan 2009-Jan 2011-Jan

27. Total Number of Foreclosures Filed in: Jackson, Juneau,
La Crosse, Monroe, Trempealeau, Vernon Counties
1,000.0
900.0
800.0
700.0
600.0
500.0
400.0
300.0
200.0
100.0
-
1998 2000 2002 2004 2006 2008 2010

28. La Crosse Foreclosures Filed
300.0
250.0
200.0
150.0
100.0
50.0
-
1990 1993 1996 1999 2002 2005 2008 2011*

31. Thanks.