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Journal Article
New England approaches the 1990s
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.
Journal Article
Regionalism picks up speed: New England states find common ground
Initiatives crossing northern New England state borders?including Amtrak?s Downeaster service, joint Maine and New Hampshire efforts to save Portsmouth Naval Shipyard jobs, and Northern Forest Center collaborations?suggest regional economic activity is bigger than ever.
Journal Article
The economic performance of the New England states in 2001: an overview
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. Employment in nearly all of the region's states and major industries declined in 2001, while unemployment became more widespread. Furthermore, the value of exports dropped across most major industries and destinations. The region's residential real estate market remained robust, however, as prices increased ...
Journal Article
Like father, like son: have we changed our penny-pinching ways?
Our Yankee ancestors were known for their hard work, individualism, and aversion to excessive displays of wealth. Although much has changed since then, New England still shows remnants of its Puritan past.
Speech
Remarks at a forum on opportunities and challenges facing New England's smaller industrial cities
Keynote remarks by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, at the Collaboration and Leadership in Smaller Industrial Cities forum, Clark University, Worcester, Massachusetts, July 13, 2011
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 ...
Journal Article
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 ...
Journal Article
The fiscal condition of the New England states: an update
In 1999, New England Economic Indicators published an article detailing the fiscal condition of the New England states. At that time, all six states were experiencing double-digit revenue growth, spearheaded by soaring personal income tax receipts. Flush with cash, states were able to fund myriad programs, capitalize rainy day funds, and enact widespread tax cuts. The article concluded, quite correctly, that "all in all, the fiscal condition of the New England states remains strong." And remain strong it did through FY2000 and FY2001. In FY2002, the states' fortunes changed.