Higher Education in a Troubled Economy: How New Englands Colleges and Universities Can Survive the D

1
Higher Education in a Troubled Economy How New
Englands Colleges and Universities Can Survive
the Downturn and Prepare to ThriveNew England
Board of Higher EducationDecember 5, 2008

• 930 1045 session
• Assessing the Damage and Forecasting for the
  Future
• New England economic conditions and outlook
• Katharine Bradbury, Federal Reserve Bank of Boston

2
FHFA home price index
percent change from a year earlier
New England
United States
3
Seriously delinquent mortgagesMortgages with
payments 90 days past due plus inventory of
mortgages in foreclosure, as a percent of loans
in pool.
United States
New England
4
Foreclosures started, all loansForeclosures
initiated in quarter, as percent of loans in pool.
United States
New England
5
Employment growth
percent change from a year earlier
United States
-0.2
-0.8
New England
6
Employment by industry, change
Oct. 2006 Oct. 2007
Oct. 2007 Oct. 2008
7
Unemployment rate
percent
United States
6.5
5.9
New England
8
New England regional forecast from the New
England Economic Partnership
Unemployment rate
Annual employment change
percent
percent