IDEAS home Printed from https://ideas.repec.org/a/fip/fedbni/y2002ijunpi-xii.html
   My bibliography  Save this article

The economic performance of the New England states in 2001: an overview

Author

Listed:
  • Thomas Back
  • Joshua Congdon-Martin
  • Tom DeCoff
  • Mary C. Fitzgerald
  • Seok-Yee Lee
  • Kristin Lovejoy
  • Amanda Lydon

Abstract

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 faster than in the nation overall. In addition, the region continued to face a higher rate of consumer price inflation than the nation.

Suggested Citation

  • Thomas Back & Joshua Congdon-Martin & Tom DeCoff & Mary C. Fitzgerald & Seok-Yee Lee & Kristin Lovejoy & Amanda Lydon, 2002. "The economic performance of the New England states in 2001: an overview," New England Economic Indicators, Federal Reserve Bank of Boston, issue Jun, pages 1-1.
    • Handle: RePEc:fip:fedbni:y:2002:i:jun:p:i-xii
    as

    Download full text from publisher

    File URL: http://www.bostonfed.org/economic/neei/articles/overview/2001/oview01.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedbni:y:2002:i:jun:p:i-xii. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Spozio (email available below). General contact details of provider: https://edirc.repec.org/data/frbbous.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.