Federal Reserve Bank of Boston Economic Quiz
Working in New England
1. In which of the following sectors did employment grow the fastest in New England, between June 2001 and June 2002?
Finance, Insurance, and Real Estate (FIRE)
2. If you lose your job in Massachusetts, will you be able to collect your unemployment benefits immediately after filing your claim?
3. What was the average weekly wage for Massachusetts' workers in 2000? And how does this compare to the U.S. average weekly wage?
$679 a week. Massachusetts has a higher weekly wage than the nation.
$866 a week. Massachusetts has a higher weekly wage than the nation.
$679 a week. Massachusetts has a lower weekly wage than the nation.
$866 a week. Massachusetts has a lower weekly wage than the nation.
4. Unemployment insurance provides temporary income for eligible workers who become unemployed through no fault of their own and who are looking for new jobs. Who contributes to the unemployment benefits fund?
Employed workers pay for it through deduction from their paychecks
Employers pay quarterly contributions to the state's labor department
Both employed workers and employers pay for it in a ratio of 1 to 3
The federal government allocates a fixed budget, subject to annual revision
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Economic quiz written by: Seok-Yee Lee - August 12, 2002
Views expressed in the economic quiz are those of the individual author.