Posts Tagged: unemployment

COVID-19 Shutdowns Are Hitting Low-Income Workers Especially Hard

Our recent NEJHE piece revealed  that labor market impacts of COVID-19 shutdowns have been very unequal across industries, occupations and levels of educational attainment. Job losses in the month since the beginning of the shutdowns (between mid-March and mid-April) were concentrated in industries that primarily employ individuals with lower levels of education—industries such as leisure and h...

Disastrous Job Loss Must Prompt Creative Measures to Protect Workers and Consumers

Friday May 8 saw the release of the most disastrous monthly jobs report in American economic history. In its monthly Employment Situation released last Friday, the U.S. Bureau of Labor Statistics reported: Payroll employment levels declined by 20.5 million between mid-March when the COVID-19 lockdowns began in earnest and mid-April—a decline that is more than two orders of magnitude greater...

IT Apprenticeship Programs: Building the Last Mile in Tech Education

Unemployment for college graduates is at its lowest point in over a decade at just 2.1%, compared with 3.7% for those with a high school diploma, according to October 2019 figures from the Bureau of Labor Statistics. But a familiar tale of frustration simmers below the surface of these seemingly positive numbers. College graduates report difficulties in finding jobs that correspond to their level ...

Economists Look Ahead to Trump Era and See “Boatload of Uncertainty”

The New England Economic Partnership (NEEP) explored "What’s Ahead After This Historic Election?" at the group's outlook conference held Jan. 17 at the Federal Reserve Bank of Boston. Their general conclusion: New England's economy will stay robust through 2017 and 2018 ... but then watch out! (And that's just economists—groups of scientists, multiculturalists, educators, philosophers and oth...

Talking About Jobs, Trade and Neighbors to the North, Eh?

New England’s unemployment rate stood at 4.4% in April, compared with 5% nationwide, according to the spring 2016 outlook delivered last week by the New England Economic Partnership (NEEP) to 50 or so economists and others gathered at the Federal Reserve Bank of Boston. New Hampshire posted the second lowest unemployment rate in the U.S. at 2.6%. But all New England states are projected to ha...

Trafficking in Economic Forecasts

NEEP delivers latest forecast ... this time with a special focus on infrastructure … Is it because the economy is not in crash mode (we don’t think) that the crowd at the New England Economic Partnership (NEEP) fall 2015 outlook conference was decidedly smaller than in NEEP’s heydey? Or is it because it’s hard to get people to pay attention to regional issues? Especially...

The New Slow

New England will continue to experience a slow jobs recovery through 2017, according to economists speaking last week at the New England Economic Partnership (NEEP) Fall 2013 Economic Outlook Conference in Boston.The modest job growth from 2013 through 2017 will be strongest, percentage-wise, in the construction industry, fueled partly by a housing rebound, followed by professional and business se...

Learning to Do During High Unemployment

Even as the economy appears to have turned a corner, high unemployment persists. According to the Bureau of Labor Statistics (BLS), the national unemployment rate teetered at 7.9% in January 2013, and New England’s was 7.3% in December 2012. Strangely, as millions nationwide struggle to find work, there are millions of jobs that remain unfilled. The BLS reports that on the last business day o...

Higher Education and the Economy: The View from the Boston Fed Chief

NEBHE convened approximately 400 leaders of business, education and government at the Federal Reserve Bank of Boston on Nov. 7, 2011 for a conference titled “New England Works” Summit on Bridging Higher Education and the Workforce. Following are keynote remarks from Boston Fed President and CEO Eric Rosengren. To download the figures, click here.Other speakers included: Connecticut Gov...

A Labor Market Mismatch in New England

A mismatch is brewing between the supply of skilled workers in New England and the increasing demand for such workers, according to a new report by the New England Public Policy Center at the Federal Reserve Bank of Boston.The study by senior economist Alicia Sasser Modestino shows that, over the next 10 years, New England will face not only a shortfall in the number of workers it needs to pull th...