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

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.

Visit MassEconomix!

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Will the COVID-19-related economic recession cause a spike in crime?

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April 13, 2020

Intuitively, it makes sense that people replace legitimate business…

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New Report Offers Case Study for Transition to Online Learning

April 13, 2020

Virtual Schooling Pioneer Julie Young provides tips on how states should move forward with the transition to online education during COVID-19.

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The Institute for Justice’s Tim Keller on Espinoza v. Montana DOR & ongoing school choice litigation

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April 10, 2020

This week on “The Learning Curve,” Cara and Gerard continue coverage of COVID-19’s impact on K-12 education, joined by Tim Keller, Senior Attorney with the Institute for Justice, which is representing the plaintiffs in the high-profile Espinoza v. Montana Department of Revenue case currently before the U.S. Supreme Court,.

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State Ranking: Michigan, Hawaii, Rhode Island, Pennsylvania, and Nevada have been hardest-hit by COVID-19 jobless claims so far. Massachusetts ranks as 9th hardest-hit.

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April 9, 2020

The U.S. Department of Labor reported today that in the week ended April 4, the advance number of seasonally-adjusted initial jobless claims was 6,606,000. This follows 6,867,000 initial claims filed in the week ended March 28 and 3,307,000 in the week ended March 21.

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COVID-19 Roundup from Pioneer: Tracking drug discovery efforts; Secrets to Germany’s success; Unemployment tsunami; Voc-techs answering the call; COVID prevalence by town & more!

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April 9, 2020

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.

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COVID-19 unemployment surge is on pace to wipe out the MA Unemployment Reserve Fund within three months

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April 8, 2020

The unprecedented surge of COVID-19- related unemployment claims that began two weeks ago is on pace to wipe out the MA unemployment Reserve Fund within three months, which will force state leaders to turn to the federal government for a bailout loan.

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Report: MA Likely to See Sharp Spike in Unemployment Rate

April 8, 2020

The COVID-19 recession could cause Massachusetts’ unemployment rate to skyrocket to 25.4 percent by this June, according to a new policy brief published by Pioneer Institute. The authors recommend that the state join others in lobbying Congress for large block grants to avoid a severe fiscal crisis.

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COVID-19 Roundup from Pioneer: Antibodies & serology tests to the rescue; Why such wide-ranging forecasts?; the Droplets v. Aerosol debate; Crowdsourcing symptoms & more!

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April 7, 2020

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.

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Stanford Pulitzer Winner David Kennedy on Lessons for COVID-19 from the 1918 Flu Epidemic & Great Depression

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April 3, 2020

This week on “The Learning Curve” Cara and Gerard continue coverage of COVID-19’s impact on K-12 education, joined by Pulitzer-winning historian David Kennedy, the Donald J. McLachlan Professor of History Emeritus at Stanford University.

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COVID-19 Roundup from Pioneer: Will we see a spike in crime?; Ranking states on social distancing; Ramping up remote learning; Secrecy about case numbers & more!

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April 3, 2020

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.

https://pioneerinstitute.org/wp-content/uploads/Exhibit-A_-We-Need-Access-to-SFIs-Now-3.png 512 1024 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2020-04-03 09:21:452020-05-25 11:47:42COVID-19 Roundup from Pioneer: Will we see a spike in crime?; Ranking states on social distancing; Ramping up remote learning; Secrecy about case numbers & more!