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Observations: top-heavy job loss
The job downturn has fallen heavily on the highest wage industries.
The economic performance of the New England states in 2003: an overview
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 an unemployment rate that rose, New England had a lower rate of joblessness than most other Census divisions and the nation overall. Demand for residential real estate remained strong, as home prices soared at above-average rates. Consumer price inflation persisted at a higher rate in the region than ...
The economic performance of the New England states in 2004: an overview
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 ...
In the shadows of the national recovery: an overview of New England's economic performance in 2005
Annual review of the economic performance of the New England states.
Using state and metropolitan area house price cycles to interpret the U. S. housing market
This brief examines the numerous house price cycles in states and metropolitan areas since the 1970s, drawing lessons that may be informative for analyzing and projecting national patterns. It finds that house sales volumes, new home construction, and mortgage delinquencies have provided leading indicators when a statewide house price boom was nearing an end, but that house prices have rarely decreased in the absence of a state recession. The median relationship suggests that the national OFHEO house price index could keep increasing well into 2007, given the sales and construction declines ...
Growing... but slowing? : an overview of New England's economic performance in 2006
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 also increased. One the other hand, much of the economic growth experienced by the region was slower than that seen in the nation as a whole. Although the unemployment rate did not go up for the region, the nation saw joblessness decrease. Moreover, real estate markets, though weak nationwide, were even ...