MassBenchmarks - 2014 Volume 16 Issue 1
This issue of MassBenchmarks explores population shifts in Massachusetts and their future implications for the Bay State's economy. Following our analysis of the state's economy, articles analyze migration to and from the Commonwealth, the state's shifting age profile, and the interplay between educational attainment and unemployment.
IN THIS ISSUE:
The Great Massachusetts Migration Exchange
Migration — both domestic and international — affects the state's population size and growth, its age structure, education levels, workforce potential, and economic health. Sixty percent of Massachusetts' in-migrants 25 and older hold bachelor's degrees or higher.
(Robert Nakosteen and Susan Strate)
Cautious Optimism: Massachusetts Economic Recovery and Expansion
In recent months, Massachusetts has experienced a stronger housing market, renewed consumer spending, and the fastest population growth in the Northeast. Optimism also stems from the state's growth of over 50,000 jobs last year, though that is tempered by an unemployment rate that is stubornly high, especially outside of Greater Boston.
(Daniel Hodge and Robert Nakosteen)
Planning for the Silver Tsunami
Continued domestic out-migration, declining birth rates, and — most notably — an aging baby boom population are contributing to a long-term slowing of the state's population growth rate.
Benchmarking the Massachusetts Unemployment Rate
The author decomposes the unemployment rate to better understand how unemployment varies and is influenced by age and educational attainment.