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The economic performance of the New England states in 2004: an overview


  • Eamon Aghdasi
  • Tom DeCoff
  • Nelson Gerew
  • Brad Hershbein
  • Teferi Mergo
  • Nick Turner


The year 2004 marked the beginning of New England’s economic turnaround. After three consecutive years of job losses — not to mention 86 years of World Series famine — the region emerged victorious. All six New England states added jobs over the course of the year and experienced reductions in unemployment. Job growth in the region, however, was sluggish compared with the nation overall. Recovery was also reflected in strong exports growth, increases in the economic activity index, and improved consumer confidence. Although consumer price inflation in New England was milder than in recent years, home prices continued to escalate at above-average rates.

Suggested Citation

  • Eamon Aghdasi & Tom DeCoff & Nelson Gerew & Brad Hershbein & Teferi Mergo & Nick Turner, 2005. "The economic performance of the New England states in 2004: an overview," New England Economic Indicators, Federal Reserve Bank of Boston, issue Apr, pages 1-1.
  • Handle: RePEc:fip:fedbni:y:2005:i:apr:p:i-xiv

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    Cited by:

    1. England, Richard W., 2007. "Motor fuel taxation, energy conservation, and economic development: A regional approach," Ecological Economics, Elsevier, vol. 61(2-3), pages 409-416, March.

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    Economic conditions - New England;


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