Alan Clayton-Matthews is a professor and director of quantitative methods in the School of Public Policy and Urban Affairs at Northeastern University. He currently serves as co-editor of the Massachusetts Benchmarks, a joint publication of the University of Massachusetts and the Federal Reserve Bank of Boston that presents timely information and analysis on Massachusetts' economy, as well as the Director of the New England Economic Project, a group of economists and managers from academia, business, and government who study and forecast the economy of New England. At the Dukakis Center, Clayton-Matthews spent his sabbatical leave working as chief designer of the Labor Market Assessment Tool (LMAT), and contributed as consultant on numerous projects. His expertise lies in labor market assessment, state and local finance, urban economic development, urban fiscal policy, and economic policy evaluation.
Estimates the cost of a paid leave program was to, as much as possible, base estimates of program costs on actual known leave-taking behavior, and where this was not possible, to estimate a range of program costs reflecting a range of reasonable assumptions about unknown aspects of behavior in the presence of a paid leave program.
Estimates that in the fourth quarter of 2014, the state economy expanded at a 2.9 percent annualized rate while the nation grew at a more modest 2.2 percent rate. Explains that the record snowfall and weak global economic conditions dampened growth in the first quarter, but that the state economy has proven to be resilient in spite of these dual headwinds.
Reports that the Massachusetts payroll employment expanded at a 3.1 percent annual rate in the second quarter, nearly twice as fast as in the first quarter when employment grew at a 1.7 percent annualized rate. Argues that even though the state economy appears to be in the midst of a solid economic expansion that positions the Commonwealth for solid future growth, risks to the outlook remain.
Reports that the Massachusetts real gross domestic product grew at an annual rate of 2.3 percent in the first quarter of 2016. Argues that the strong performance continues to mask troubling imbalances in the labor market.
Expands on the direct and indirect economic benefits that flow to the state and its workers as a result of large construction investments. Provides an assessment of the impact of MSBA spending on state gross domestic output, employment, income, and state tax revenue. Demonstrates that even relying on a conservative set of assumptions, the economic impact on the state is substantial.
Includes data on projected net new jobs, replacement jobs, and total job openings through 2022 for the Commonwealth. Assesses how much of the expected growth in job openings by specific occupation can currently be filled by the state’s regional vocational high schools and vocational programs in the Commonwealth’s comprehensive high schools.