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Report
Uncertain futures?: youth attachment to the labor market in the United States and New England
In the wake of the Great Recession, high levels of unemployment and low labor force participation rates among U. S. youth are of great concern, receiving considerable attention from policy makers and the popular press. These trends have led observers to question what the future path of employment will look like for younger workers. Of particular concern is the share of the youth population that is idle, or what is technically termed ?not in employment, education, or training? (NEET). These individuals are particularly vulnerable to continued adverse labor market outcomes and their prolonged ...
Working Paper
Are American homeowners locked into their houses?: the impact of housing market conditions on state-to-state migration
U.S. policymakers are concerned that negative home equity arising from the severe housing market decline may be constraining geographic mobility and consequently serving as a factor in the nation's persistently high unemployment rate. Indeed, the widespread drop in house prices since 2007 has increased the share of homeowners who are underwater on their mortgages. At the same time, migration across states and among homeowners has fallen sharply. Using a logistic regression framework to analyze data from the Internal Revenue Service on state-to-state migration between 2006 and 2009, the ...
Briefing
The middle-skills gap: ensuring an adequate supply of skilled labor in northern and southern New England
Recent evidence suggests that a mismatch between the skills demanded by employers and the skills supplied by the population may be underway, particularly for ?middle-skill? workers who possess some college education or an associate?s degree. This policy brief examines the middle-skill mismatch in New England, comparing recent labor market trends and future projections for the northern versus southern subregions. The analysis finds that the nature of the mismatch varies within the region, indicating that policymakers should tailor their potential responses as opposed to taking a uniform ...
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.