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CAPE COD BUSINESS CONNECT: ECONOMIC OUTLOOK

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132,100 jobs from 3-01 to 3-06 for a -4.0% job growth ... The Cape has closed its unemployment gap' with the rest of the state and reduced ... – PowerPoint PPT presentation

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Title: CAPE COD BUSINESS CONNECT: ECONOMIC OUTLOOK


1
CAPE COD BUSINESS CONNECTECONOMIC OUTLOOK
  • by
  • Dr. Clyde Barrow, Director
  • Center for Policy Analysis
  • University of Massachusetts Dartmouth

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-132,100 jobs from 3-01 to 3-06 for a -4.0 job
growth
5
Total employment growth on the Cape has outpaced
the state as a whole
6
The Cape has closed its unemployment gap with
the rest of the state.
7
The Cape has closed its unemployment gap with
the rest of the state and reduced the seasonal
volatility of its labor market.
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STRUCTURE OF CAPE COD SEASONAL WORKFORCE (2000)
11
New business starts on the Cape have outpaced the
states rate of new business formation
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Hospitality will grow in absolute terms, but
proportionately the year round economy will be
led by Education and Health Services,
Professional and Technical Services,
Construction, Financial Services.
14
ARTS CRAFTS CRITICAL EMERGING
  • DIRECT EMPLOYMENT
  • 3 OF CAPE ISLANDS TOTAL EMPLOYMENT
  • TOTAL EMPLOYMENT IMPACT
  • 5.2 OF CAPE ISLANDS TOTAL EMPLOYMENT
  • MULTIPLIER EFFECT
  • 1.76 Employment Multiplier
  • 1.65 Payroll Multiplier

15
MARINE SCIENCE TECHNOLOGY CRITICAL EMERGING
  • DIRECT EMPLOYMENT
  • 1 OF CAPES TOTAL EMPLOYMENT
  • TOTAL EMPLOYMENT IMPACT
  • 2.8 OF CAPES TOTAL EMPLOYMENT
  • MULTIPLIER EFFECT
  • 2.85 Employment Multiplier
  • 2.16 Payroll Multiplier

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CHALLENGE FUTURE WORKFORCE
19
CHALLENGE HOUSING
PRICES
The average home price on the Cape has increased
by 88.0 since 1998, compared to 59.7 for the
state.
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