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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 on theme: "Plenary Session Presentation Southern New England Economic Outlook--Summit 2002 Foxwoods Resort Casino Mashantucket, CT May 10, 2002 Gary Ciminero, CFA."— Presentation transcript:

1 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?

2 Recession Ending in New England

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

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

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

6 RI Current Conditions: Housing Market

7 RI Current Conditions: Auto Market

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

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

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

11 MA Current Conditions: Housing Market

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

13 Current Conditions: Sector Income Comparisons—MA & RI

14 Current Conditions: Personal Income Comparisons—New England

15 Current Conditions: Residence Adjustment—New England

16 Current Conditions: Transfer Payments—New England

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

18 RICREC—Adopted Economic Outlook— RI and MA

19 RICREC—Adopted Economic Outlook— RI Sector Forecast:

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

21 Rhode Island Taxpayer Migration

22 Rhode Island Demographics:

23 Massachusetts Demographics:


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