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Report
State foreclosure prevention efforts: mediation and financial assistance
Housing foreclosure activity in the United States and New England increased dramatically at the beginning of the housing crisis in 2006 and remains elevated. Given their economic and social costs, policymakers have developed a number of policies designed to prevent foreclosures. In recent years, state and local policymakers in New England have implemented two major foreclosure prevention policies: foreclosure mediation programs and financial assistance programs. This report reviews these two foreclosure prevention programs in the New England region. It explores how they are funded, weighs ...
Journal Article
An overview of New England's economic performance in 2008
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 much as it did the nation as a whole.
Periodic Essay
Labor market trends in Massachusetts regions: Cape & Islands
Using the most recent data available, the Cape & Islands regional labor market profile provides a detailed picture of the region?s current and future labor supply. For context, it also provides detailed information on labor demand in the region over the past decade. This profile is designed to help guide workforce development professionals, policy makers, and civic, education, and business leaders as they make decisions about education and training opportunities.
Periodic Essay
Labor market trends in Massachusetts regions: Berkshire
Using the most recent data available, the Berkshire Regional labor market profile provides a detailed picture of the region?s current and future labor supply. For context, it also provides detailed information on labor demand in the region over the past decade. This profile is designed to help guide workforce development professionals, policy makers, and civic, education, and business leaders as they make decisions about education and training opportunities.
Periodic Essay
Labor market trends in Massachusetts regions: Pioneer Valley
Using the most recent data available, the Pioneer Valley regional labor market profile provides a detailed picture of the region?s current and future labor supply. For context, it also provides detailed information on labor demand in the region over the past decade. This profile is designed to help guide workforce development professionals, policy makers, and civic, education, and business leaders as they make decisions about education and training opportunities.
Periodic Essay
Labor market trends in Massachusetts regions: metro south/west
The profile of the Metro South/West reveals that the region's residents and its workforce have remarkably high levels of education, but looking forward, the region faces the demographic challenges of an aging population.
Journal Article
An overview of New England's economic performance in 2007
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 at a lesser pace than seen in the nation. Although the region remained the richest in per capita income, growth in total personal income in New England was slower than in the nation. Declining home prices, a significant reduction in housing permits, and spikes in foreclosures rounded out a generally ...
Periodic Essay
Labor market trends in Massachusetts regions: Central Mass
Using the most recent data available, the Central Mass regional labor market profile provides a detailed picture of the region?s current and future labor supply. For context, it also provides detailed information on labor demand in the region over the past decade. This profile is designed to help guide workforce development professionals, policy makers, and civic, education, and business leaders as they make decisions about education and training opportunities.
Working Paper
“No more credit score”: employer credit check bans and signal substitution
In the past decade, most states have banned or considered banning the use of credit checks in hiring decisions, a screening tool that is widely used by employers. Using new Equifax data on employer credit checks, the Federal Reserve Bank of New York Consumer Credit Panel/Equifax data, and the LEHD Origin-Destination Employment data, we show that these bans increased employment of residents in the lowest-credit score census tracts. The largest gains occurred in higher-paying jobs and in the government sector. At the same time, using a large database of job postings, we show that employers ...
Journal Article
An overview of New England's economic performance in 2010
In the first calendar year following the Great Recession, signs of an economic recovery began to take shape across New England. An improving labor market picture, growth in income, indications of a stabilizing housing market, and booming exports spurred economic growth in the region in 2010. As a result, New England?s overall performance surpassed that of the nation as a whole.