Higher Education in a Troubled Economy: How New England’s Colleges and Universities Can Survive the Downturn and Prepare to Thrive New England Board of.

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Presentation transcript:

Higher Education in a Troubled Economy: How New England’s Colleges and Universities Can Survive the Downturn and Prepare to Thrive New England Board of Higher Education December 5, :30 – 10:45 session: Assessing the Damage and Forecasting for the Future New England economic conditions and outlook Katharine Bradbury, Federal Reserve Bank of Boston

FHFA home price index United States New England percent change from a year earlier

Seriously delinquent mortgages Mortgages with payments 90 days past due plus inventory of mortgages in foreclosure, as a percent of loans in pool. United States New England

Foreclosures started, all loans Foreclosures initiated in quarter, as percent of loans in pool. United States New England

Employment growth percent change from a year earlier United States New England

Employment by industry, % change Oct – Oct. 2007Oct – Oct. 2008

Unemployment rate United States New England percent

New England regional forecast from the New England Economic Partnership Unemployment rateAnnual employment change percent