Boston Fed: New England Employment Growth Decelerating Faster than US

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In its latest report on New England Economic Conditions, the Federal Reserve Bank of Boston notes that the region’s employment growth is slowing more rapidly than that of the US, with nonfarm payrolls increasing only 0.2% y/y in August 2025 in New England compared to 0.6% in the US. The Boston Fed attributes much of the sluggish regional growth to significant slowdowns in both the health and education services and government employment sectors. The report also notes that consumer confidence in the New England region, as measured by The Conference Board’s Consumer Confidence Index, is dropping, with the future expectations component falling to its lowest level since March 2013 in September 2025. 

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