Jobs For Connecticut Now

The unemployment rate of Massachusetts seems to have stabilized, but according to a recent Boston Herald article, this stabilization may be attributed to another factor.

“If Massachusetts has not done a good job at creating jobs, why does it consistently have a lower unemployment rate? The reason is the rate of growth of the labor force. Even with the large numbers of people who have dropped out due to the recession, the U.S. labor force is 7.3 percent larger than it was in 2001, while Massachusetts is up only 2.7 percent. The commonwealth has lower unemployment rates because its labor force grew slowly. If the labor force is not growing or is growing slowly, it doesn’t take many new jobs to reduce unemployment. “

It could be this lack of significant growth that is showing artificially low unemployment rates. The article asks a very important question,

The article asks, “The unemployment rate is a useful guide but it can obscure what really matters — are we creating jobs?” Ultimately it seems that the labor force has remained flat while the population has seemed to grow slightly, according to the article. This means that job growth is especially important now. As it is with our national economy, our ability to show the competitive advantages of having a business in the Massachusetts is essential for encouraging corporations to invest in our region. One of the most important factors is access to high-speed reliable broadband. Major corporations utilize broadband every single day for mundane tasks such as checking email to more important communications with global clients or looking at resumes of potential new hires on online hiring programs. If Massachusetts needs job creation, increasing access to high-speed broadband is key.