Posts Tagged: unemployment

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...

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...

College Labor Shortages in 2018? Part Deux

    “About every two years someone comes up with this story. There is absolutely nothing to it—it's simply not true,” Peter Capelli, Professor, Wharton School, University of Pennsylvania, commenting on the Georgetown's college labor supply shortage forecast.—“Prediction of Worker Shortage Has Critics,” The Press-Enterprise (Riverside, Calif.), Ap...

The Real Education Crisis: Are 35% of all College Degrees in New England Unnecessary?

The notion of the "college labor market" as a fixed set of occupations is remarkably static. In contrast, we assume that job and skill requirements are dynamic.(This lively debate over future demand of college-educated workers will continue in our Forum.)Northeastern University economists Paul E. Harrington and Andrew M. Sum argue that in our recent report Help Wanted, we “radically overst...

Does a 4.5% Unemployment Rate Among College Grads Constitute “Full Employment”?

Last week, a banker asked us a thoughtful question about the relatively low unemployment rate among adult bachelor’s degree holders (25 years and older) we had written about in The New England Journal of Higher Education. Noting that the U.S. Bureau of Labor Statistics (BLS) release this month shows those age 25 or older with a bachelor’s degree have an unemployment rate of 4.5%. he as...