The economic performance of the New England states in 2004: an overview

RePEc Short ID: phe422
ORCID iD: 0000-0002-2534-8164

Aghdasi, Eamon; DeCoff, Tom; Gerew, Nelson; Hershbein, Brad; Mergo, Teferi; Turner, Nick

Journal Article

The economic performance of the New England states in 2004: an overview

Abstract: 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 reductions in unemployment. Job growth in the region, however, was sluggish compared with the nation overall. Recovery was also reflected in strong exports growth, increases in the economic activity index, and improved consumer confidence. Although consumer price inflation in New England was milder than in recent years, home prices continued to escalate at above-average rates.

Keywords: Economic conditions - New England;