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The economic performance of the New England states in 2003: an overview

Author

Listed:
  • Eamon Aghdasi
  • Thomas Back
  • Krista J. Becker
  • Tom DeCoff
  • Nelson Gerew
  • Brad Hershbein
  • Nick Turner

Abstract

Burdened by the poor performances of the labor markets in Connecticut and Massachusetts, the New England region lost jobs for the third year in a row. The region lost jobs in nearly all major industries and added jobs in only two: leisure & hospitality and education & health services. Even with an unemployment rate that rose, New England had a lower rate of joblessness than most other Census divisions and the nation overall. Demand for residential real estate remained strong, as home prices soared at above-average rates. Consumer price inflation persisted at a higher rate in the region than in the nation; fuel prices escalated at twice the national rate.

Suggested Citation

  • Eamon Aghdasi & Thomas Back & Krista J. Becker & Tom DeCoff & Nelson Gerew & Brad Hershbein & Nick Turner, 2004. "The economic performance of the New England states in 2003: an overview," New England Economic Indicators, Federal Reserve Bank of Boston, issue Apr, pages 1-1.
  • Handle: RePEc:fip:fedbni:y:2004:i:apr:p:i-xiv
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    File URL: http://www.bostonfed.org/economic/neei/articles/overview/2003/oview03.pdf
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    Keywords

    Economic conditions - New England;

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