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Burdened by the poor performances of the labor markets in Connecticut and Massachusetts, the New England region lost jobs for the third year in a row. The region lost jobs in nearly all major industries and added jobs in only two: leisure & hospitality and education & health services. Even with...
Persistent link: https://www.econbiz.de/10005729216
Like most of the nation, New England suffered economically in 2008. Job losses, rising unemployment, and slumping real estate markets were all factors in one of the worst years for the region’s economy. Nevertheless, while the recession certainly took its toll, it did not affect New England as...
Persistent link: https://www.econbiz.de/10004976684
This article discusses the impact of two major revisions to Bureau of Labor Statistics (BLS) employment data made during 2003. The first change, the annual benchmark revisions, anchored data to the 2002 benchmark. These revisions show that job losses in New England over the past two years were...
Persistent link: https://www.econbiz.de/10005064037
New England’s economic performance was somewhat mixed during 2006. On one hand, all six states added jobs over the course of the year, and the region’s unemployment rate remained steady. The region as a whole picked up jobs in nearly all major industries. Export values and income and wages...
Persistent link: https://www.econbiz.de/10005545181
New England’s economy showed bright signs of growth in 2007, but residential real estate cast a shadow. Job growth was moderate and on par with that of the nation, but the region fared better with an unemployment rate lower than the national average. Exports from the region rose in value, but...
Persistent link: https://www.econbiz.de/10005428608
The year 2004 marked the beginning of New England’s economic turnaround. After three consecutive years of job losses — not to mention 86 years of World Series famine — the region emerged victorious. All six New England states added jobs over the course of the year and experienced...
Persistent link: https://www.econbiz.de/10005428612
Persistent link: https://www.econbiz.de/10005428613
Annual review of the economic performance of the New England states.
Persistent link: https://www.econbiz.de/10005428615
The year 2001 marked the end of a ten-year economic expansion for the nation and New England. Both the recession that began in the first quarter of 2001 and the terrorist attacks of September 11 weakened the region's labor market, which had built strength in the 1990s and through 2000....
Persistent link: https://www.econbiz.de/10005428617
In March 2002, the U.S. Bureau of Labor Statistics (BLS) released revised state and regional employment data based on the 2001 benchmark, affecting data for 2000 and 2001. Contrary to the employment boost shown in last year's revisions, the 2002 revisions increased New England's measured...
Persistent link: https://www.econbiz.de/10005428626