Building communities: making a difference
One of the most vexing economic problems facing the United States has been the persistence of pockets of poverty in the midst of prosperity. The reasons for this are many and complex. Prominent among them are economic isolation in the case of rural areas, and language and cultural barriers in the case of many inner-city communities. Discrimination has played a role, but so too has simple ignorance. Resources and opportunities exist in these communities, but getting the recognition from market sources necessary to leverage these assets is difficult. For whatever reason, human and physical ...
Our Changing Environment, The Payments Evolution, New Approaches to Education, Managing Risk, An Economy Transformed
The outlook for New England banking
Resilience has historically characterized the New England region, and the past year has exemplified that long-standing quality. Coming out of the worst regional recession since the Great Depression has been slow and painful, and the lives of many of our neighbors have been disrupted along the way. Fortunately, by the end of 1992 there were signs that the economic decline in New England was nearing the bottom.
The future of the skilled labor force in New England: the supply of recent college graduates
One of New England?s greatest assets is its skilled labor force, which has historically been an engine of economic growth in the region. But the skilled labor force of the future is growing more slowly in New England than in the rest of the United States.
One view of what the future holds for New England
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 ...
Small steps in the right direction?: restructuring public education
When the term "knowledge-based economy" first entered popular discussion - sometime around the early 1980s - the focus was exclusively on scientific, technological, and business leadership. Only gradually did our society come to appreciate the pervasiveness of the knowledge-based economy. It affects not just the demand for high-level technical and entrepreneurial talent but, indeed, the job requirements for virtually all types of work. This growing realization has laid the foundation for broad-scale reforms of education in the United States and many other nations.
Stories of connecting
Every day, the people of the Boston Fed connect with their world and their region. From identifying trends in data to encouraging collaboration among key populations, Boston Fed employees bring unique backgrounds and talents to their work to better the economic conditions for all in our region and nation. Here, we share three stories of those connections.
New England transformed
The feature essay of the 2010 annual report discusses some of the changes that have occurred in New England over the past four decades, comparing the challenges we faced in the mid-1970s with those we face today.