2016 Workforce Outlook Forum

2016 WORKFORCE OUTLOOK FORUM

DARAIUS IRANI, PH.D. MAY 26, 2016

? TOWSON UNIVERSITY, DIVISION OF INNOVATION & APPLIED RESEARCH || 1

The U.S. Economy

? Towson University, Division of Innovation ? Towson University, Division of Innovation and Applied Reseaarncdh Applied Research

Source: Wikimedia Commons

Real Gross Domestic Product 2016Q1:

$18,000

2005Q1?2016Q1, Billions of 2009 Chained Dollars $16.5 trillion;

0.5 percent

$16,000

$14,000

Billions of 2009 Chained Dollars

$12,000

$10,000

$8,000

$6,000

$4,000

$2,000

$0

-$2,000

I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Personal consumption expenditures

Gross private domestic investment

Government consumption expenditures and gross investment Net exports of goods and services

? Towson University, Division of Innovation and Applied Research

Source: Bureau of Economic Analysis (BEA)

Billions of Chained 2009 Dollars Percent Change from Preceding Period

U.S. Personal Consumption Expenditures

2005Q1?2016Q1, Billions of Chained 2009 Dollars

$11,500 $11,000

2016Q1:

6%

$11.4 trillion;

1.9 percent

4%

$10,500 2%

$10,000 0%

$9,500

-2% $9,000

-4% $8,500

$8,000

-6%

I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I

2005

2006 2007 2008 2009 2010 2011 2012 2013 2014

Personal Consumption Expenditures

Percent Change from Preceding Period

2015 2016

? Towson University, Division of Innovation and Applied Research

Source: BEA

Billions of Chained 2009 Dollars Percent Change from Preceding Period

U.S. Gross Private Domestic Investment

2005Q1?2016Q1, Billions of Chained 2009 Dollars

$3,000

2016Q1:

20

$2.8 trillion;

$2,800

-1.6 percent

15

$2,600

10

5

$2,400

0

$2,200

-5

$2,000

-10

$1,800

-15

$1,600

-20

$1,400

-25

$1,200

-30

I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

? Towson University, Division of Innovation and Applied Research

Source: BEA

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