Table of Contents The 2024 Economy and 2025 Preview.......................................1-12 Kevin Bahr Economic Indicators.................................................................13-21 Scott Wallace and Michael Brierton 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 Special Report........................................................................... 22-30 Strengthening Communities: The Power of Asset-Based Approaches Elizabeth Wendt and Callie Wulk Column: Insight Spotlight......................................................... 31-32 The Complex World of Crypto Deborah Beyer and Siyuan Fan MBA Program........................................................Inside Back Cover
The CBEI and Central Wisconsin
The mission of the Center for Business and Economic Insight (CBEI) is to contribute to the success of the Central Wisconsin region through the dissemination of useful knowledge and information. This issue’s special report aims to do just that. In Strengthening Communities: The Power of Asset-Based Approaches , Elizabeth Wendt, director of Business and Community Operations for Wisconsin Economic Development Center (WEDC) and Callie Wulk, executive director of Wausau River District, present a strategic framework that mobilizes community skills and talents in driving community development. In addition, the authors give local examples that illustrate the successful implementation of this approach. In The 2024 Economy and 2025 Preview , Chief Analyst Kevin Bahr offers a diagnosis of the current state of the U.S. economy and an informed prognosis for next year. Kevin’s analysis draws on economic indicators covering national output, labor markets, financial markets, 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, and more. This issue’s Insight Spotlight column, The Complex World of Crypto features Deborah Beyer and Siyuan Fan, both Assistant Professors of Finance at UWSP’s Sentry School of Business and Economics, who deliver a historical account of the development and evolution of cryptocurrency, a modern and multifaceted medium of exchange.
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 Michael Brierton...................Senior 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.
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