Economic Outlook for 2022
Date: February 2, 2022
Time: Noon – 1:00 pm CST
Presenter: Ron Wirtz (Regional Outreach Director - Federal Reserve Bank of Minneapolis)
Credits: 1 PDH and/or 1 AIA CES LU (AIA Course #MCC020222)
Registration Link: https://cvent.me/l74vPg
Description: Using recent data and ongoing surveys by the Minneapolis Fed, Ron Wirtz (Regional Outreach Director at the Federal Reserve Bank of Minneapolis) will discuss the speed and breadth of recovery in the construction sector and broader Minnesota economy, and role of labor force on economic growth going forward. Using an interactive survey, Ron will also gauge sentiment among event attendees regarding recent business activity, hiring demand, labor and wage trends, and the short-term economic outlook.
Learning Objectives:
- 1. Attendees will have a better understanding of the speed and breadth of economic recovery in the construction sector and broader economy.
- 2. Attendees will learn how the role of labor force will impact economic growth going forward.
- 3. Attendees will understand current hiring demand, labor and wage trends.
- 4. Attendees will have a knowledge of the short-term economic outlook in the construction industry.
Speaker Bio: Ron Wirtz is a Regional Outreach Director for the Federal Reserve Bank of Minneapolis. Ron’s primary responsibilities involve tracking current business conditions across the six-state Ninth Federal Reserve District, which includes northwest Wisconsin, Michigan’s Upper Peninsula, Minnesota, the Dakotas and Montana.
Among many areas of the economy, Ron pays special attention to employment and wages – which are central to the Federal Reserve’s dual mandate of promoting stable prices and maximum employment – along with construction, real estate, consumer spending and tourism. Ron is a central contributor to the Beige Book, which is a report of current business conditions published by the Federal Reserve System every six weeks. Ron’s work includes extensive outreach to business and community leaders, and he gives frequent speeches on economic conditions across the Ninth District.
Previous to this position, Ron was editor of the fedgazette, a regional business and economics journal published by the Minneapolis Fed. Here, he conducted in-depth research on such topics as labor markets and job growth, health care consolidation, the Bakken oil boom, income mobility, disability, public pensions, and many others.
Sponsors: This webinar was developed cooperatively by concrete-related associations from Minnesota, North Dakota, South Dakota and Wisconsin. The goal of the cooperative effort is to bring a greater awareness of cast-in-place concrete to the design and construction communities via quality continuing education programs. (MCC, NDCC, SDRMCA, WRMCA)
