2012beof-111206092256-phpapp02

2012beof-111206092256-phpapp02

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Unformatted text preview: es, and research on consumer spending suggests that WHOLESALE TRADE EMPLOYMENT WHOLESALE TRADE EMPLOyMEnT 2003–2012 2003-2012 (In Thousands) Year 2003 2004 2005 2006 2007 2008 2009 2010 2011a 2012b Wholesale Trade Durable Goods 52.7 51.5 52.4 53.4 54.4 54.8 50.1 48.5 49.3 49.6 Wholesale Trade Nondurable Goods Other Wholesale Total 32.3 31.9 32.0 32.9 33.7 33.4 31.5 30.8 31.2 31.7 7.1 8.5 9.1 10.1 11.2 11.9 11.7 11.6 11.8 12.1 92.1 91.9 93.5 96.4 99.3 100.1 93.3 90.9 92.3 93.3 a Estimated. the wealth effect from home values is larger than that from other assets. One study estimates that the decline in home prices from their most recent peak has reduced national consumer spending by $240 billion, or 1.7% of GDP. The regional housing market remains problematic. While most parts of Colorado did not experience the drastic drop in home prices that afflicted some parts of the nation, the state did not see the strong rise early in the decade either. Based on the S&P/Case-Shiller Index, Metro Denver home prices are down 1.6% from a year ago. Foreclosures fell in the first half of 2011 but muc...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

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