‘Worcester Economy Stuck in Neutral’

GoLocalWorcester

October 4th, 2012 by 

In an article in GoLocalWorcester, Bryan Engelhardt, assistant professor of economics at the College of the Holy Cross, talked about unemployment in Worcester, Mass.

Responding to a recent Bureau of Labor Statistics report, which revealed that the total size of the Worcester labor force increased by only about 300 jobs during the past year, Engelhardt stated, “The unemployment picture looks crazy.”

Engelhardt then expounded on his point by saying that the unemployment crisis is defined by two factors: one part of the population is in lockstep with typical hiring cycles whereas another part of the population is facing a dwindling labor market. “This is really unusual,” he continued. “If you look at the number of job openings, those vacancy rates have fallen drastically.”

Commenting on those who are currently seeking work, Engelhardt said, “They simply cannot find a job.”

This ‘Holy Cross in the News” item by David Cotrone ’13.

| More
Tags
Categories
In The News

Comments are closed.

Sort By:
or
07/30/15 ‘Why Democracies Don’t Want the Olympics Anymore’
07/30/15 Holy Cross Ranks No. 55 on Forbes’ List of America’s Top Colleges
07/30/15 Blog: Thompson ’17 Set to Immerse Himself in the French Language and Culture While Abroad
07/29/15 Blog: Vozella ’17 Spends a Semester Improving Her French and Taking Religion Courses Abroad
See All
See All

Featured Videos

See video
Video: How Spring Arrives at Holy Cross

Watch Video >
See video
Reunion 2015: A Time to Reconnect, Reminisce and Remember

Watch Video >
See video
Holy Cross Awards 724 Bachelor of Arts Degrees During Commencement Exercises

Watch Video >
More

What’s Happening on Campus

09/03/2015

Internship Information Session

See More >
09/10/2015

Taste of Holy Cross

See More >
09/11/2015

Internship Expo

See More >
09/15/2015

Ernst & Young Dinner Workshop

See More >
More

Holy Cross in the News

07/30/15

Holy Cross Ranks No. 55 on Forbes’ List of America’s Top Colleges

Forbes.com

The College of the Holy Cross ranked No. 55 overall and No. 46 among private colleges on Forbes’ list of America’s Top Colleges. Forbes rated schools on an ROI scale with...

07/14/15

Money Magazine Ranks Holy Cross No. 18 Among Best Liberal Arts Colleges in the Country

The College of the Holy Cross ranks No. 18 on Money Magazine’s list of “The 50 Best Liberal Arts Colleges,” and No. 89 overall  on Money’s list of “Best...

07/14/15

Amanda Belichick Named Head Women’s Lacrosse Coach

ESPN | Sports Illustrated | Yahoo! News | Boston Herald

Amanda Belichick was recently named the head coach of the women’s lacrosse team at the College of the Holy Cross. The news of her appointment ran in more than 50 media...