Thank you, Kyle and Congratulations, Michael! As the director of CBEI, I have been enormously fortunate to have worked with truly outstanding students. Our senior research assistant Kyle Pulvermacher (who is graduating next week) has made significant and lasting contributions to the Center for Business and Economic Insight. Kyle has dramatically improved our data collection system and has made creative contributions to our charts in the Economic Indicators report. The CBEI has also published his research, The Effect of Education on Income Inequality in Wisconsin in our Spring 2023 publication. In addition, Kyle and I co-authored The Pandemic Shock and the Macroeconomy: A Different Pattern and a New Story which we both recently presented at the MBAA International Conference in Chicago in April. After graduation, Kyle will be joining Sentry as an actuarial analyst. Best wishes on your new career and thank you for all the great things that you have accomplished! I want to congratulate our research assistant Michael Brierton whose team recently took first place (and a $2,000 cash award) at the 2024 RMA Wisconsin Chapter Credit Analysis Competition in Madison in April! Michael worked with fellow accounting major Brooke Peterson, faculty adviser Bo Dedeker, and mentors Derek Blanchard and Alison Prey from First State Bank in creating a case study in which each team assumed the role of a commercial lending team. Michael’s team competed against six others from UW-Madison, UW-Eau Claire, and UW-Whitewater. Great job, Michael and team! In U.S. Economic Performance, 2017-2024 , Chief Analyst Kevin Bahr provides a magisterial account of the U.S. macroeconomy over the last seven years. In doing so, Kevin’s analysis draws on economic indicators covering the labor market, stock market, inflation, interest rates, energy markets and housing markets. Our Economic Indicators section of the report has a variety of timely national, state, and local statistics covering labor markets, housing, prices, construction, area business confidence and more. In this issue’s special report, A Quick Trip Around the Globe: Recognizing Important Differences in Culture to Better Understand Yourself and Others , Assistant Professor of Management Jim Servi will be sharing the results of the GLOBE 2020 cross-cultural study of human behavior and discuss the implications for ideal leadership and trust dynamics around the world. This issue’s Insight Spotlight column, Creative Placemaking features Elizabeth J.B. Wendt, development director for the City of Wausau, and Callie Wulk, executive director for the Wausau River District, describing a new community economic development strategy focusing on expanding arts and cultural activities as a means of improving the quality of life in an area. Such investments will increase the number of visitors to local business districts and encourage people to choose to reside in the area.
Table of Contents Economic Performance 2017-2024...........................................1-12 Kevin Bahr Economic Indicators.................................................................13-21 Scott Wallace and Kyle Pulvermacher National Economic Statistics....................................................13-17 Table 1: Key Economic Indicators Table 2: Changes in Price Levels Table 3: National Employment Indicators Table 4: Contributions to Percent Change in Real Gross Domestic Product Table 5: Lifecycle of the Expansion Labor Market Statistics..................................................................18 Table 6: Labor Market Indicators from LAUS Table 7: WI Employment by Major Industry Sector County Economic Statistics...........................................................19 Table 8: Help Wanted Advertising Table 9: Unemployment Claims Table 10: County Sales Tax Distribution Housing and Construction........................................................ 20-21 Table 11: National Affordability Index Table 12: Median Home Prices and Home Sales
Table 13: Residential Construction Table 14: Nonresidential Construction
Business Sentiment........................................................................21 Table 15: Business Confidence Survey: Central Wisconsin Area Special Report........................................................................... 22-29 A Quick Trip Around the GLOBE Jim Servi Column: Insight Spotlight......................................................... 30-32 Creative Placemaking Liz J.B. Wendt, Callie Wulk MBA Program........................................................Inside Back Cover
CBEI Mission
CBEI Staff
The UW-Stevens Point Center for Business and Economic Insight (CBEI) promotes regional economic and community development through the provision of business and economic knowledge to local business, governmental, and community leaders. The primary areas of focus are Portage, Marathon and Wood counties.
Scott Wallace....................................Director and Editor, CBEI Kevin Bahr...................................................Chief Analyst, CBEI Kyle Pulvermacher................Senior Research Assistant, CBEI Michael Brierton...............................Research Assistant, CBEI Eva Donohoo...................................Publication Designer, CPS
The Center for Business and Economic Insight is made possible thanks to support from the UW-Stevens Point Sentry School of Business and Economics.
The UW-Stevens Point Sentry School of Business and Economics creates career-ready graduates and leaders through applied learning. We serve the businesses, economy and people of the greater Central Wisconsin region. We specialize in preparing students for success by providing professional development experiences, access to employers, and in-demand skills.
Made with FlippingBook Learn more on our blog