Massachusetts marked a sobering milestone last month: For the first time since World War II, the state ended a decade with fewer jobs than it had at the beginning.
The decade started with a technology bust and ended with a historic national recession. Job loss was spread over most of the state’s major employment sectors, as the decade’s quickening pace of globalization, competition, and technological change pressured the Massachusetts economy. Manufacturing took the biggest hit, shedding one job in three.
“The job creation engine for Massachusetts is broken,’’ said Michael Goodman, an economic analyst and professor of public policy at the University of Massachusetts Dartmouth. “We have a high tech, innovation economy, but one that is not creating enough jobs.’’
To read the full, original article click on this link: A lost decade for Bay State jobs - The Boston Globe
Author: Robert
Gavin
