What Was The 2011 Economy?

2011 Economy

Note: This is part 1 of a 2 part series looking back at the economics of 2011 and looking projecting the economics of 2012.  Part 2 will be released on Thursday and can be found here.

Sir Winston Churchill is quoted as saying that “Those who fail to learn from history are doomed to repeat it.”  This is especially true in business.  This was a blog I thought about writing back nearly 2 months ago, but felt it would be better to write and post it now.  This information is based on factual information.  There are no politics, no opinions.  It is what it is.  The purpose is to understand what happen in 2011 to set the stage for 2012.

Stock Market:

  • 12/31/2010: DJIA closed at 11,577.51, NASDAQ closed at 2652.87,  S&P 500 closed at 1257.69
  • 12/31/2011: DJIA closed at 12,217.56, NASDAQ closed at 2605.15, S&P 500 closed at 1257.60
  • Change: DJIA  +640.05 (+5.5%), NASDAQ -47.72 (-1.8%), S&P 500 -0.09 (-0.00007%)

Labor Force (actual people wanting to work, Not Seasonally Adjusted, CPS based)

  • December 2010: 153,156,000
  • November 2011: 153,683,000 (December not reported yet)
  • Change: +527,000 (+0.34%)

Employment (actual people working,  Not Seasonally Adjusted, CPS based)

  • December 2010: 139,159,000
  • November 2011: 141,070,000 (December not reported yet)
  • Change: +1,911,000 (+1.37%)

Unemployment rates (Not Seasonally Adjusted, CPS based)

  • December 2010: 9.1%
  • November 2011: 8.2% (December not reported yet)
  • Change: -0.9%

US Economic Growth

  • Q4 2010 (Billion): $14,775.4
  • Q3 2011 (Billion): $15,176.1 (annualized)
  • Change (Billion): +$400.7 (+2.7%)

US Retail Sales

  • 2010 Top 100 retail store sales (,000): $1,559,183,000
  • 2011 Top 100 retail store sales (,000): $1,614,320,000
  • Change (,000): $55,137,000 (+3.5%)

US Building Permits

  • 2010
    • Total Permits (Thousands): 604.6
    • Single Family (Thousands): 447.3
    • Multifamily (Thousands): 157.3
  • 2011 (through November)
    • Total Permits (Thousands): 561.2
    • Single Family (Thousands): 384.3
    • Multifamily (Thousands): 177.0
  • Change (YTD through November)
    • Total Permits (Thousands): 4.2 (+0.8%)
    • Single Family (Thousands): -32.4 (-7.8%)
    • Multifamily (Thousands): +36.5 (+26.0%)

Was there something I missed?  Let em know what you think.

–J. Nolfo helps companies understand their market and customers though a variety of market research strategies.  He has over ten years of experience of market research for strategic planning purposes.  He is the Director of Research at Rhino Market Research.  He shares his thoughts about market research and business concepts with his blog “Pensare…Understanding Market Research in Business“.  If you would like to discuss this blog or how J. can help you understand your market and customer needs, email him at jnolfo@rhinomarketresearch.com.

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About J. Nolfo
Well...there is a lot to know. #Cx, #Analytics, #SM, Specialty #AgChem, #StL sports, & more. FT @BASFAgProducts. @Mizzou Alum. Supporter of the #Rhino. Tweets my own. #SMMW17 attendee....Dad...Hiker...Scouter...and so much more.

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