michael d. goodman, ph.d. associate professor and chair department of public policy umass dartmouth...
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Michael D. Goodman, Ph.D.
Associate Professor and Chair
Department of Public Policy
UMass Dartmouth
Co-Editor, MassBenchmarks
May 28, 2014
What is going on in the economy and what does it mean for SE Mass?
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On the one hand…
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Consumer balance sheets are much improved
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Massachusetts has finally recovered its peak dot-com bubble era employment levels
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And the state economy has grown robustly of late
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On the other hand…
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In Massachusetts, in 2013, the annual average unemployment rate was:
•15.8 percent for workers under 25 years old.
•20.1 percent for those with less than a high school education.
The rising tide is not lifting all boats
Source: Bureau of Labor Statistics; Current Population Survey
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The jobs recovery has been regionally imbalanced
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So has the housing recovery…
Source: 2014 Economic Report of the President; Boston Globe
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The state population is growing slowly and a large generational shift is well underway
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Southeastern Massachusetts is no exception
Source: Population Estimates Program, UMass Donahue Institute