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Open Classroom Policy Advice to the Governor

Open Classroom Policy Advice to the Governor. Week 1 What ’ s UP (and Down) in the Massachusetts Economy Barry Bluestone September 8, 2010. The U.S. Economy. A bit of recovery. The Massachusetts Economy. 2000s. 1990s. 2000-2009: A Disappointing Decade:

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Open Classroom Policy Advice to the Governor

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  1. Open Classroom Policy Advice to the Governor Week 1 What’s UP (and Down) in the Massachusetts Economy Barry Bluestone September 8, 2010

  2. The U.S. Economy

  3. A bit of recovery

  4. The Massachusetts Economy

  5. 2000s 1990s 2000-2009: A Disappointing Decade: No Growth in Total Employment. Both decades showed weakness at the beginning, but the 1990s showed strong growth after that.

  6. A very different decade …

  7. Massachusetts: 2001-2009 Massachusetts had 4th worst employment trend of the 50 states Only Michigan, Ohio, and Illinois fared worse Massachusetts lost 4.7% of its jobs between 2001:I and 2009:IV It wasn’t a good decade for most states with 28 losing jobs over the decade

  8. A Closer Look at Massachusetts Employment Trends

  9. Since 1999, Massachusetts employment has grown slower than the U.S. Dec 2007 Feb 2001 Aug 2003 Dec 2009

  10. Dec 2007 The same is true since August 2003 after the 2000-2001 Recession

  11. Mass U.S. BUT since the current recession began in December 2007, total employment has declined by 5.9% nationwide; by only 4.2 % in Massachusetts

  12. February 2001: 3,384.3 February 2001: 3,384.3 March 2008: 3,304.3 -205,900 +60,200 July 2010 +125,900 -166,700 December 2003: 3,178.4 January 2010: 3137.6

  13. 2008-2010

  14. High Technology Manufacturers Aerospace Computers, office machinery Electronics-communications Pharmaceuticals

  15. Medium-High Technology Manufacturers Scientific instruments Motor vehicles & parts Electrical machinery Chemicals Other transport equipment Non-electrical machinery

  16. Medium-Low Technology Manufacturers Rubber and plastic products Shipbuilding Non-ferrous metals Non-metallic mineral products Fabricated metal products Petroleum refining Ferrous metals production

  17. Low-Technology Manufacturers Paper printing Textiles Apparel Food, beverages, and tobacco Wood and furniture

  18. Share of Massachusetts Payroll (2006)

  19. Despite overall loss in jobs between 2000 and 2006, the number of Manufacturing workers over age 45 has increased Massachusetts Manufacturing:An Aging Workforce

  20. Massachusetts Manufacturing:An Aging Workforce Age 45+ 2006: 49.6% 2000: 40.5%

  21. Replacing the Workforce Given the likely retirement of more than 50,000 manufacturing workers over the next decade and given normal turnover of younger and prime age workers in this sector, it is likely that 100,000 or more jobs will need to be filled in this sector. A large number of these will be for production workers.

  22. 14.8% INCREASE (2007-2020)

  23. 99% of the net increase in households between 2007-2020 will be headed by someone 55 years old or older 62% over Age 65

  24. New Hampshire +20.4% Vermont +17.0% Maine +13.2% Rhode Island +11.3% Massachusetts + 9.1% Connecticut + 8.0%

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