Wednesday, April 29, 2009.
Unemployment in the Region Highest Since 1992New England’s unemployment rate has increased to 7.8%, the highest it’s been since 1992. Rhode Island has the highest unemployment rate in the region, at 10.5%, while Connecticut, Vermont and New Hampshire aren’t far behind. Maine’s jobless rate is at its highest in 17 years, and Connecticut, Vermont and Massachusetts have their highest jobless rates in 16 years.
Clearly, our country is in the middle of an economic crisis, with unemployment rates increasing across the board. That the same is happening in New England is hardly surprising, although it could have been avoided to some extent. Now, New England can languish at the bottom as unemployment rates continue to rise and businesses in our region continue to fold or flee, or we can come together to be informed about how we can prevent further problems and look to promote solutions. Our region’s policymakers should be working to encourage business growth and measures that will increase employment. An unfriendly business environment impacts large and small businesses, employees and future employees, and working families.
This region is populated by smart, proud, and innovative individuals and our coalition wants to ensure that New England continues to be a place that allows working families, and their children, to prosper now and into the future. By implementing measures that lead to greater opportunity for businesses and workers to succeed and that support companies willing to invest in the region, policymakers can make life better for residents of New England and for their children. We must convince policymakers that anti-growth measures make the region less competitive than other states that are not facing the budget shortfalls we face. Our elected officials should be doing everything they can to encourage economic development and business investment in our region.
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