Have We Finally Turned The Corner?
The front page of this morning's Boston Globe... "Recession has ended in Mass., say analysts - Analysts say recession is over in Mass., see jobs on horizon". Wow!
Massachusetts is one of 22 states in which the recession has ended, largely due to the Bay State's strengths in health care and higher education. Those sectors have remained relatively stable over the past two years - Compare the industry base and diversity of MA to NV which is still deeply mired in recession due to its dependance upon the gaming and hospitality industries.
Furthermore, those same analysts suggest that the Massachusetts economy actually turned the corner in late 2009 and has been on the road to recovery for at least a few months. We know that growth in private industry, hospitals, and universities will soon mean more jobs and hiring. As the growth continues and sustains, we can watch for the next sign of a recovery... a rise in wages.
Glad to share some good news! As always, please let us know how we can help during this time of opportunity.
- Lou G.

Comments