CALCULATED JOB RECOVERY

RATES FOR SPRINGFIELD, MA.,

NECTA AND ALL NEW ENGLAND
STATES

Presented by:

Don Klepper-Smith
Chief Economist & Director of Research
DataCore Partners LLC
& Economic Advisor to Farmington Bank
(860) 922-5967
January 2016

JOB EROSION VS. JOB RECOVERY:

U.S. VS. ALL NEW ENGLAND STATES
NOVEMBER 2015 DATA
CT

ME

MA

NH

RI

VT

JOB PEAK (000)

1,713

620.9

3325.0

652.7

495.7

309.6

JOB TROUGH (000)

1,594

590.2

3182.7

622.4

455.9

294.9

ABSOLUTE LOSS (000)

119.0

30.7

142.3

30.3

39.8

14.7

% LOSS: EROSION
RATE

6.9%

4.9%

4.3%

4.6%

8.0%

4.7%

CURRENT JOBS (000)

1,699.7

612.5

3513.6

655.6

486.7

316.5

JOB GAIN FROM LOW

(000)

105.7

22.3

330.9

33.2

30.8

21.6

% GAIN: JOB
RECOVERY RATE

88.8%

72.6%

232.5%

109.6%

77.4%

146.9%

SOURCE: BLS, DATACORE PARTNERS LLC, REFLECTS 3/15 CT DOL DATA REVISIONS
* RECOVERY RATE IS DEFINED AS PERCENTAGE OF JOBS RECOVERED VS. THOSE LOST ON A PEAK TO TROUGH BASIS

JOB EROSION VS. JOB RECOVERY:

SPRINGFIELD LMA VS. HARTFORD LMA
(NOVEMBER 2015)
US

SPRINGFIELD
NECTA

HFD LMA

JOB PEAK (000)

138,365

320.2

571.4

JOB TROUGH (000)

129,649

305.0

538.2

ABSOLUTE LOSS (000)

8,716

15.2

33.2

% LOSS: EROSION RATE

6.3%

4.7%

5.8%

CURRENT JOBS (000)

142,900

330.1

578.0

JOB GAIN FROM LOW (000)

13,251

25.1

39.8

% GAIN: RECOVERY RATE

*

152.0%

165.1%

119.9%

SOURCE: BLS, DATACORE PARTNERS LLC, SPRINGFIELD DATA BASED ON NOV 2014 SEASONALS
* RECOVERY RATE IS DEFINED AS PERCENTAGE OF JOBS RECOVERED VS. THOSE LOST ON A PEAK TO TROUGH BASIS

5-YEAR JOB CHANGE BY SECTOR, SPRINGFIELD NECTA

RANK ORDERED JOB CHANGE, NOV 10 - NOV 15, (000)
EDUCATION AND HEALTH SERVICES
Health Care & Soc.l Assistance
PROFESSIONAL & BUSINESS SVS
State Government
GOVERNMENT
Educational Services
OTHER SERVICES
Ambulatory Health Care Services
Hospitals
TRADE, TRANSPORTATION, & UTILITIES
TRANS, WAREHOUSING & UTILITIES
Insurance & Related Activities
Finance and Insurance
WHOLESALE TRADE
Local Government
FINANCIAL ACTIVITIES
General Merchandise Stores
Local Government Education
Nursing & Res. Care Facilities
Food and Beverage Stores
INFORMATION
U.S. Postal Service
RETAIL TRADE
Federal Government
LEISURE AND HOSPITALITY
Nondurable Goods mfg

Sources: MA LABOR DEPT, NSA

-5.0

10.6
7.3
5.1
4.3
4.3
3.3
2.3
1.9
0.9
0.9
0.8
0.8
0.5
0.4
0.4
0.3
0.3
0.2
0.1
0.0

SPRINGFIELD NECTA
TOTAL NON-FARM
JOB CHANGE,
NOV 10 TO NOV 15:
+20,200 JOBS,
+6.4% (NSA).

-0.1
-0.2
-0.3
-0.4
-1.6
-1.8
0.0

5.0

10.0

15.0

5-YEAR % JOB CHANGE BY SECTOR, SPRINGFIELD NECTA

RANK ORDERED % JOB CHANGE, NOV 10 - NOV 15
Educational Services
OTHER SERVICES
PROFESSIONAL & BUSINESS SVS
State Government
EDUCATION AND HEALTH SERVICES
Health Care & Soc.l Assistance
Ambulatory Health Care Services
Insurance & Related Activities
GOVERNMENT
Hospitals
TRANS, WAREHOUSING & UTILITIES
General Merchandise Stores
Finance and Insurance
WHOLESALE TRADE
FINANCIAL ACTIVITIES
TRADE, TRANSPORTATION, & UTILITIES
Local Government
Local Government Education
Nursing & Res. Care Facilities
Food and Beverage Stores
RETAIL TRADE
INFORMATION
LEISURE AND HOSPITALITY
Federal Government
U.S. Postal Service
Nondurable Goods mfg

Sources: MA LABOR DEPT, NSA

25.0%
21.9%
21.4%
18.9%
15.4%
13.2%
11.7%
10.3%
7.0%
7.0%
6.6%
4.7%
4.0%
3.7%
1.9%
1.5%
1.2%
0.9%
0.9%
0.0%

SPRINGFIELD NECTA
TOTAL NON-FARM
JOB CHANGE,
NOV 10 TO NOV 15:
+20,200 JOBS,
+6.4% (NSA).

-30.0%

-0.8%
-2.6%
-5.6%
-6.3%
-6.9%
-16.4%
-20.0%

-10.0%

0.0%

10.0%

20.0%

30.0%