Editorial Staff

Pioneer Launches Report Series Highlighting Massachusetts Job Growth and Business Trends Since 1998

/in , , , , , /by Editorial Staff
Share on Facebook
Share on Twitter
Share on
LinkedIn
+

Report Provides Deeper Insight into Economic Impact of COVID-19

BOSTON – As we learn more about the spread of the COVID-19 pandemic and its impact on the Bay State’s workforce, it is becoming more important that we deepen our understanding of the state’s economy. Knowledge of local, regional, and state employment and business establishments will be critical for policymakers’ efforts to minimize long-term economic fallout.

A new resource from Pioneer Institute, MassEconomix.org, equips users to take a much closer look at Massachusetts’ businesses by various levels of geography and industry, and explore job and business growth, from the local to the state level.

A new report from Pioneer Institute that draws on data from MassEconomix shows that levels of employment in Massachusetts had surpassed pre-Great Recession levels as of 2018.

In “Some Big, Broad Economic Trends in Massachusetts,” Pioneer analysis of two decades of data shows fluctuating employment changes across the state, as well as firm size information and the largest employers. While the number of jobs and businesses has risen over the years, the average size of Massachusetts firms has decreased.

“Having access to employment data down to the firm level allows us to view aggregated trends more accurately,” said Rebekah Paxton, a research analyst at Pioneer who has worked with the Business Dynamics Research Consortium (BDRC) data since 2018. “These data give us a unique picture of where growth is coming from in the state.”

“Some Big, Broad Economic Trends” analyzes the same Your-economy Time Series data that powers MassEconomix.org, including firm-level employment, industry code, and location information, to develop aggregated numbers for statewide growth. This data is recorded by Infogroup and compiled by the BDRC at the University of Wisconsin System Institute for Business and Entrepreneurship in Madison, Wisconsin.

This report is the first in a series that will present the general employment and business establishment trends in the Commonwealth that can be found using MassEconomix.

In the coming weeks and months, Pioneer will be providing analysis using this data to provide deeper insight on the Massachusetts economy, and specifically into how the COVID-19 pandemic is likely to affect communities and industries within the state.

Pioneer Institute is an independent, non-partisan, privately funded research organization that seeks to improve the quality of life in Massachusetts through civic discourse and intellectually rigorous, data-driven public policy solutions based on free market principles, individual liberty and responsibility, and the ideal of effective, limited and accountable government.

Get Updates on Our Economic Opportunity Research

Visit MassEconomix!

[ytp_video source=”YBmDed3jiwg”]

Elderly people were already vulnerable to COVID-19. Then it came to nursing homes.

0 Comments
/
Last week, reports of mismanagement and negligence regarding…

Hospitality, Retail Trade, Healthcare Among ‘Most Vulnerable Industries’ in Terms of Unemployment due to COVID-19

Recent data provided by the Massachusetts Executive Office of Labor and Workforce Development show that hospitality, retail trade, healthcare and social assistance, and construction are the industries that have suffered the most unemployment as a result of the coronavirus outbreak, according to the new Pioneer Institute report, “A Look at the Massachusetts Industries that are Most Vulnerable Due to COVID-19.”

Mapping COVID-19 in Massachusetts Cities & Towns

0 Comments
/
Kudos to he Massachusetts Department of Public Health for posting the count and rate (per 100,000) of confirmed COVID-19 Cases in Massachusetts by City/Town.

Transparency Needed at Long-term Care Facilities

0 Comments
/
The anxiety of having a parent in a nursing home under the constant…

Christensen Institute Co-founder Michael Horn on Digital Learning & COVID-19

0 Comments
/
This week on “The Learning Curve,” Cara and Gerard continue coverage of COVID-19’s impact on K-12 education, joined by Michael Horn, co-founder of the Clayton Christensen Institute for Disruptive Innovation.

COVID-19’s Impact on Rental Housing

0 Comments
/
The Massachusetts Legislature is currently debating a rental housing bill. What impact will it have on the many landlords for whom rental income is their only source of income?

COVID-19 Roundup from Pioneer: Will plans to re-open hurt civil liberties?; COVID-19 model skeptic; SCOTUS returns!; New podcast, HubWonk; 5 Tips for online learning & more!

0 Comments
/
Pioneer staff share their top picks for COVID-19 stories highlighting useful resources, best practices, and questions we should be asking our public and private sector leaders.

Which industry’s workforce has been hurt the most from the COVID-19 outbreak?

0 Comments
/
Unemployment claims have reached all-time highs in the U.S. recently…

New Study Calls for Re-thinking Massachusetts’ COVID-19 Care Standards

Pioneer's new study raises concerns about the Massachusetts Department of Public Health’s (DPH’s) Crises Standards of Care (CSC) issued earlier this month, which bear the earmarks of a state bureaucratic effort and should be rethought under a process that includes a thorough vetting by Massachusetts citizens.

Pioneer Institute Launches Its New Policy Podcast, “HubWonk”

Pioneer Institute is pleased to announce the launch today of a new, weekly podcast called “HubWonk,” covering timely topics, with insights and in-depth interviews on the issues that affect our quality of life, ability to prosper, and liberties.