One view of what the future holds for New England
Abstract: After a decade of truly remarkable growth, the New England economy has weakened. Employment fell in 1989 and the unemployment rate increased. Further weakening seems to have occurred in the early months of 1990. New England continues to compare favorably with the nation according to such common indicators as the unemployment rate and per capita income, but recent developments suggest that the region is returning to a more normal relationship with the rest of the country. This transition is proving to be quite painful for some sectors of the economy, resulting in a high degree of confusion and anxiety regarding the region's overall economic health.
Keywords: New England;
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Provider: Federal Reserve Bank of Boston
Part of Series: Annual Report
Publication Date: 1989