Plenary Session Presentation Southern New England Economic Outlook--Summit 2002 Foxwoods Resort Casino Mashantucket, CT May 10, 2002 Gary Ciminero, CFA.

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Presentation transcript:

Plenary Session Presentation Southern New England Economic Outlook--Summit 2002 Foxwoods Resort Casino Mashantucket, CT May 10, 2002 Gary Ciminero, CFA Acting Director Rhode Island House Policy Office New England Economic Prospects: Minimal Recession Ended—Moderate Recovery in Store What will the economy look like nationally and regionally?

Recession Ending in New England

RI Historical Perspectives: Jobs Lost During “Great Recession” Regained During 10-Year Recovery

RI Current Conditions: Monthly Rhode Island Job Trends January, March, 2002

RI Current Labor Market Conditions: Sector Jobs Growth: 1Q-’02 vs. 1Q-’01

RI Current Conditions: Housing Market

RI Current Conditions: Auto Market

MA Historical Perspectives: Jobs Lost During “Great Recession” Regained During 10-Year Recovery

MA Current Conditions: Monthly Rhode Island Job Trends January, March, 2002

MA Current Labor Market Conditions: Sector Jobs in Decline: 01/01-03/02

MA Current Conditions: Housing Market

Current Conditions: Housing Price Comparisons—MA, RI, CT

Current Conditions: Sector Income Comparisons—MA & RI

Current Conditions: Personal Income Comparisons—New England

Current Conditions: Residence Adjustment—New England

Current Conditions: Transfer Payments—New England

RI Consensus Revenue Estimating Conference—Adopted Economic Outlook—RI and MA

RICREC—Adopted Economic Outlook— RI and MA

RICREC—Adopted Economic Outlook— RI Sector Forecast:

Rhode Island Withholdings Taxes: Decline for 1st Time Since the Last Recession

Rhode Island Taxpayer Migration

Rhode Island Demographics:

Massachusetts Demographics:

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