‘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.

06/29/16 Holy Cross Faculty Produce Impressive Array of Professional Work
06/28/16 Contemplative Center Construction Continues Through Summer
06/28/16 Seniors Nicastri and Tymochko Awarded Competitive Full-Tuition Science Scholarships
06/22/16 Alumnus Bill Simmons Gives ‘Today’ Show a Sneak Peek into his New HBO Talk Show
See All
See All
Featured Videos

See video
Video: Spring Blooms on Holy Cross Campus

Watch Video >
See video
Video: Class of 2016 Shares What’s Next

Watch Video >
See video
‘Major in Anything…Succeed in Business’

Watch Video >
See video
Photo Gallery, Video: Obama Advisor Broderick Johnson ’78 Speaks on ‘My Brother’s Keeper,’ Other White House Initiatives

Watch Video >
See video
Crusaders Win Patriot League Championship

Watch Video >
See video
Men’s Basketball Knocks Off Bucknell In Double Overtime Thriller

Watch Video >
See video
New Webcams Provide Live Video Stream of Campus, Contemplative Center

Watch Video >
See video
Photo Gallery: Contemplative Center Architectural Concepts Come to Fruition

Watch Video >
See video
Video: Winter on the Hill Is All About Making Memories

Watch Video >
See video
Video, Photo Gallery: Holy Cross Wishes You a Merry and Peaceful Christmas

Watch Video >
More What’s Happening on Campus

08/25/2016

Acclaimed Artist Patrick Dougherty to Create Two Installations in Worcester County

See More >
09/13/2016

Artist Talk: Patrick Dougherty, ATB Fall 2016 Artist-in-Residence

See More >
More Holy Cross in the News

06/22/16

Alumnus Bill Simmons Gives ‘Today’ Show a Sneak Peek into his New HBO Talk Show

NBC’s “Today” show

  In a recent interview with NBC’s “Today” show, Bill Simmons ’92 revealed that his new talk show, “Any Given Wednesday,” will touch on pop culture, tech,...

06/17/16

Alumnus Awarded for Work in Boosting Diversity at MassMutual

The Bay State Banner

Dominic Blue ’98 recently received the Founders’ Award, an award given by The Lawyers’ Committee for Civil Rights and Economic Justice. The award, which commemorates...

06/17/16

Holy Cross Graduate Drafted to the Boston Red Sox For the Second Year in a Row

MLB.com, ESPN, CBS Boston, Boston Herald, Boston Globe, Telegram & Gazette

Dominic Lovullo, a history and political science major who graduated from Holy Cross this past May, was selected to play with the Boston Red Sox. Media outlets including...