The unemployment rate in Massachusetts rose from 9.3 to 9.5 percent this
last month. The 9.5 percent unemployment is a 34 year high so this
blog is not to say that things are good. But unlike the last 18 months,
Massachusetts actually added jobs. Granted 400 new jobs is not going
to put an end to these difficult times, but it is a sign that the
economy here in Boston and all of Massachusetts is moving in the right
direction. Here is an excerpt from a Boston Globe article on jobs
posted today:
Analysts said the new data underscore that the worst of the recession is
over in Massachusetts. In the first quarter of 2009, the state lost an
average of 16,000 jobs a month. In the fourth quarter, job losses
diminished to 5,000 a month.
January’s job gains, particularly in the technology and health care
industries, add to evidence that the Massachusetts economy has turned
the corner, said Alan Clayton-Matthews, an economics professor at
Northeastern University.
“All that’s consistent with an economy that has hit the bottom and is
beginning to climb back slowly,’’ Clayton-Matthews said. “We still may
see more net job losses. The economy does appear to be in a slow growth
mode.’’
Employment tends to lag broader economic growth because employers hire
cautiously in the beginning of a recovery, increasing hours for existing
employees before hiring new ones, according to economists.
For more details NEWS!!! Boston Globe.







