There's a front page story in the Boston Globe today that says the economy is forecast to grow by about 2 percent over the next year, but over the same time employers are expecting to cut about 37,000 more jobs in this state.
It's great news that the economy might be on the rebound, but that's cold comfort to people who have lost jobs or who are about to be laid off. Unemployment in this state is already at its highest level since the 1970's. Finding a job is difficult because, aside from the fact that many companies are still cutting back, many others lack enough confidence in the economy to start hiring again, even if their fiscal situation is improving.
An economic recovery in Massachusetts won’t mean much to average people until it results in jobs coming back to our state, and that's going to take some time and some effort. For its part, state government needs to do whatever it can to help the business community and boost confidence. We need a business policy that is smart and sustainable to lure companies back to the Bay State and to encourage them to stay and grow here.
