NEEP Economists Predict Continued Slow Growth in New England

Spring Conference focuses on matching jobs and skills

BOSTON – The New England states continue to experience slow growth and slow recovery of the jobs lost in the 2008-2009 recession, according to Ross Gittell, New England Economic Partnership (NEEP)  Forecast Manager and Chancellor of the Community College System of NH. The U.S. and New England economies continue to be affected by the weak European economy and sovereign debt crisis and by weakness in domestic and regional housing markets.

Gittell outlined his spring 2012 economic forecast at the New England Economic Partnership Spring economic outlook conference, entitled “Skills and People Matching: Where are the Jobs?” at the Federal Reserve Bank of Boston today.  The full agenda is available at: http://www.neepecon.org/spring2012.htm.  In addition to Gittell’s forecast, the conference covered new economic forecasts for the United States and each of the six New England States. The event focused on matching the available workforce with the jobs available in today’s economy, and featured apresentation on the U.S. economic outlook by Scott Hoyt, Senior Director of Consumer Economics at Moody’s Analytics, and a presentation on preparing young Americans for 21st century jobs by Dr. Robert Schwartz of the Harvard Graduate School of Education. The conference is sponsored exclusively by The New England Council.

“As the NEEP economists predict, our region will see some slow economic growth, including new job openings, over the next several years,” said James T. Brett, President & CEO of The New England Council.  “However at the same time, we hear from business leaders time and again that they cannot find the skilled workers to fill the positions available.  We’re delighted to partner with NEEP to explore how public and private sector stakeholders can collaborate to better prepare our workforce to compete in the 21st century economy.”

The US, New England Regional, and individual state forecasts are available at the following link: http://newenglandcouncil.com/assets/NEEP-Spring-2012-Forecasts.pdf

The New England Economic Partnership (NEEP) is a member-supported, non-profit organization dedicated to providing objective economic analyses and forecasts.  For more than 25 years NEEP has identified and researched economic issues relevant to New England, giving its members the tools they need to make informed, insightful business and policy decisions. For more information, please visit: www.neepecon.org

The New England Council, the country’s oldest regional business organization, is an alliance of businesses, academic and health institutions, and public and private organizations throughout New England formed to promote economic growth and a high quality of life in the region.  For more information, please visit: www.newenglandcouncil.com.

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