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The Boston Globe

Business

College graduates leave N.E. at fastest rate in US

Recent college graduates leave New England at a faster rate than any region in the country, diminishing a vital resource for an economy that relies on brain power, according to a new report by the Federal Reserve Bank of Boston.

A year after graduation, the study found, only 63.6 percent of 2008 graduates of New England schools were still living in the region, with the rest leaving for better jobs, lower costs of living, or more familiar territory after years away from home. In comparison, 88 percent of college graduates in the West, about 82.7 percent in the Middle Atlantic states, and 79 percent in the South Atlantic region stayed put for at least a year.

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