Reports Diving Deeper into Economic Impact of COVID-19

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”]

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

0 Comments

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.

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!

0 Comments

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.

New Report: Quality Adjusted Life Years (QALY) Methodology Discriminates Against Older Americans, Threatens to Deny Seniors Access to Life-Saving Care

April 2, 2020

New report asserts that with older americans more vulnerable during the COVID-19 pandemic, all health plans should avoid using the QALY methodology when assessing the value of care for older patients

Learning in the Time of COVID-19

0 Comments

April 1, 2020

Parents are deeply frustrated with the loss of learning their children will be provided as a result of COVID-19. Here are some resources to help address this gap.

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

April 1, 2020

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. The report is part one of aa series that aims to provide deeper insight into COVID-19's economic impact.

COVID-19 Roundup from Pioneer: When will COVID-19 peak in MA?; Life in the aftermath; Tracking potential treatments; Getting America working again; Taking virtual learning to new heights & more!

0 Comments

March 31, 2020

Pioneer staff (and readers) 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.

Students still need to learn during the coronavirus pandemic

0 Comments

March 31, 2020

This op-ed appeared in The Boston Globe on March 31, 2020. State…

COVID-19 Roundup from Pioneer: When should America re-open?, $2T federal relief impact, Tax deadline pushed, COVID-19 video contest & more!

0 Comments

March 30, 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.