New Hampshire has experienced a relatively robust economy in recent years. Growth has returned to rates similar to those from before the Great Recession, and the unemployment rate has remained below three percent since late 2015. Incomes appear to have increased for workers, with many middle- and low-income workers finally returning to near pre-Recession levels of income. However, job creation has been strongest in industries with wages below statewide averages and has been uneven in different regions of the state, while both housing and workforce constraints are likely limiting economic growth.
The New Hampshire economy is strong and growing, yet there are challenges to economic growth and to improving livelihoods for all the state’s residents. This Issue Brief explores New Hampshire’s overall economic output, areas of employment growth since the Recession, changes in income for workers and poverty rates, indicators of workforce constraints, and county-level data.
The most prosperous states are anchored by an educated and healthy workforce and offer opportunities for people to innovate and contribute. Moving into the 2018 statewide elections and subsequent governor’s administration, Georgia leaders can seize a golden opportunity to chart a better economic course. People-Powered Prosperity details a new vision for how state lawmakers can pursue that strategy and ways they can responsibly pay for it. The report outlines a public investment plan aimed at four strategic goals, which include eight specific policy recommendations such as targeted funding hikes for public schools and an ambitious ramp-up of assistance to help families afford child care. We also present a case to show how Georgia can afford to raise $1 billion in new annual revenues as a meaningful down payment on the strategy, a shared investment of reasonable scope.
In the face of a rapidly evolving economy, Rhode Island’s education and workforce systems need to keep pace, to meet the dual needs of workers (who need to remain employable), and employers (who need skilled workers to produce the goods and provide the services demanded by consumers). As we invest in the Rhode Island workforce, we need to ensure that the existing workforce, especially those currently lacking English language and other foundational skills or higher levels of education, are able to fully engage in the economy, by providing them with the opportunity to “skill up” to shape a more prosperous future for their families, and for Rhode Island.
This report focuses on the role that both education and training play in helping workers thrive, drawing on research at the national and state level to better understand the strategies that work to improve adult education, especially for those currently working in low-wage, lower skilled jobs. While formal postsecondary education – in the form of an Associate’s degree, a Bachelor’s degree, or higher – may be the right path for many, others can benefit from attaining occupational credentials, either via apprenticeship programs, or college-based certificate programs.
Because there will remain many low-skilled jobs, we need to adopt policies that raise the floor for those workers – so that full-time work offers both dignity of work and a livable wage. And we need to be intentional about addressing disparities based on race and ethnicity – such as persist in educational attainment, unemployment rates, and median wages.
Colorado’s economy, on the surface, is humming along with unemployment rates at historic lows and some of the strongest job gains in the country.
But a closer look shows that median hourly wages are stuck; many of the new jobs being added are low-paying; and thousands of working-age adults remain disengaged from the labor force, according to the State of Working Colorado report from the Colorado Center on Law and Policy.
“We have another year of strong job growth in the state and unemployment continues to drop. But the indicator of how the economy is performing for the majority of workers — wages — still isn’t moving,” said Michelle Webster, manager of research and policy analysis with the group, which advocates on behalf of low-wage workers.