Archive for December, 2011

Canton Patch: Development Projects to Help Create and Retain Jobs in Canton

Saturday, December 24th, 2011

The Economic Assistance Coordinating Council (EACC) today approved 14 projects for participation in the Economic Development Incentive Program (EDIP). The projects will create over 719 new jobs and retain 2,912 existing jobs, in addition to leveraging over $80 million in private investment and supporting construction projects across the Commonwealth, in Canton. Read More

 

In Case You Missed It!

Thursday, December 22nd, 2011

This week Jobs for New England Now posted three new blogs. The first, Traveling With Tech, lists the top airports for tech travel this holiday season. The second, Decline in Unemployment Rates, sheds a glimmer of hope on the Massachusetts economy . The third, Broadband Technology Is Bringing Back Jobs, discusses the positive economic benefit s of broadband technology.

Below is a brief list of news articles we posted this week:

Braintree Patch: New State Employment Numbers Show Positive Movement for Braintree – Braintree saw its unemployment rate decline from October to November, from 6.8 percent to 6.2 percent, a sign that hiring is on the rise in certain sectors of the economy on the South Shore and also continuing to improve overall.

Worcester Business Journal: Worcester Area Unemployment Falls – The greater Worcester area’s unemployment rate fell sharply from 7.3 percent to 6.8 percent in November as more than 600 people found jobs and the labor force shrank by nearly 1,000. The rate has fallen from 8.6 percent over the past year, according to the state Executive Office of Labor and Workforce Development.

Connecticut Mirror: Unemployment drops to 8.4 percent, but that’s not the whole story – The state announced today that the unemployment rate dropped three-tenths of a point to 8.4 percent in November, the lowest it’s been since June 2009. But behind that simple, oft-quoted statistic is a complicated calculation, based on surveys. Gov. Dannel P. Malloy’s office issued a cautiously optimistic statement that pronounced the number “encouraging,” yet acknowledged “more needs to be done” to promote job growth.

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Decline in Unemployment Rates

Thursday, December 22nd, 2011

Just in time for the Holidays, Massachusetts’ residents’ days have brightened with news that the unemployment rate fell from 6.8 percent to 6.4 percent in November. In Marlborough, residents learned also learned that not only did the unemployment rate drop to 7.0 percent, the lowest it has been since December 2008, but that the income tax rate will be lowered. Additionally, in Worcester, the jobless rate fell from 7.3 percent to 6.8 percent and in Taunton the rate is now 7.5 percent, down from 9.1 percent.

In these tough economic times, having a job and saving money is a big issue for families and individuals – especially this close to the holiday season with gift giving a source of spending and headaches for those feeling the economic crunch. With news of Massachusetts businesses adding 5,000 new jobs in the month of November, hopefully some families are experiencing the holiday in higher spirits than those of previous years.

While this does show signs of a slightly recovering economy, it points to the fact that there is still room for improvement. Many in our communities and towns across the state and region remain unemployed, and we need to work to encourage policies that support small business growth and employment opportunities.

 

Broadband Technology Is Bringing Back Jobs

Thursday, December 22nd, 2011

There’s no denying that the lagging economy has been a big obstacle for that past several years. The government has tried many things to help motivate innovation and growth, but it seems that these attempts have had minimal success. However, there appears to be hope in one private industry, which has been bringing jobs and infrastructure back to the U.S.

A recent MFR Tech article Bringing It Back Home: The Resurgence of U.S. Manufacturing, says that the U.S. is still “a hotbed of expertise and innovation as well as one of the biggest technology markets for enterprise and consumers in the world.” Mobile and broadband technologies continue to expand and innovate at exponential speeds. It is this expansion and innovation that has been a major factor in creating growth and opportunities for our stagnant economy.

The article goes on to say that “…many of the best new companies in the telecommunications industry have come from the U.S., in large part due to the combination of engineering innovation and manufacturing capabilities available right here on our own doorstep,” and that, “Silicon Valley is possibly at its most innovative today, and this is nowhere more evident than in mobile broadband data.”

Although we had lost some ground to Europe in past years, the article says that, “that trend has reversed itself in recent years,” and we are quickly regaining our clout in the expanding “tech world”. If we are interested in fostering economic growth and recovering from these last few sluggish years,  it is essential that we focus on the innovative and profitable tech industry.

Braintree Patch: New State Employment Numbers Show Positive Movement for Braintree

Wednesday, December 21st, 2011

Braintree saw its unemployment rate decline from October to November, from 6.8 percent to 6.2 percent, a sign that hiring is on the rise in certain sectors of the economy on the South Shore and also continuing to improve overall.

The state’s labor department included local unemployment levels in a report Tuesday that also showed a slight drop in the unemployment rate for Massachusetts in November – from 7.3 percent to 7 percent. The national average in November was 8.6%, according to the U.S. Bureau of Labor Statistics. Read More

The Republic: Blumenthal Discussing Community Colleges’ Role in Boosting Conn., National Economies

Wednesday, December 21st, 2011

INSTED, Conn. — Connecticut‘s junior senator is meeting with administrators, professors and business leaders to discuss the role of community colleges in helping boost states’ economies. Democratic U.S. Sen. Richard Blumenthal’s gathering Wednesday at Northwestern Connecticut Community College in Winsted is open to the public. It starts at noon in the school’s administrative office. Read More

The Boston Globe: Mass. Home Sales Up, Prices Down

Wednesday, December 21st, 2011

Sales of single-family homes rose 13 percent in November, the fifth straight month of year-over-year growth, according to numbers released today by The Warren Group. Separate figures from the Massachusetts Association of Realtors reported the same gain in single-family home and condominium sales in November over the same month last year. Read More

Worcester Business Journal: Worcester Area Unemployment Falls

Tuesday, December 20th, 2011

The greaterWorcesterarea’s unemployment rate fell sharply from 7.3 percent to 6.8 percent in November as more than 600 people found jobs and the labor force shrank by nearly 1,000. The rate has fallen from 8.6 percent over the past year, according to the state Executive Office of Labor and Workforce Development. Read More

 

IBerkshires.com: Pittsfield Sees Job Gains Over Year

Tuesday, December 20th, 2011

BOSTON — The Pittsfield metropolitan area had one of the biggest percentage gains in jobs over the past year, up 3.7 percent, as the state has continued to see a drop in unemployment rates. Pittsfield’s jobless rate (seasonally unadjusted) has dropped from 8.1 percent last November to 6.6 percent, below the state jobless rate. Read More

 

Marlborough Patch: Massachusetts Receives Double Dose Of Good Economic News

Tuesday, December 20th, 2011

Marlborough residents are receiving two early Christmas gifts from the state in terms of positive economic data. Officials from the Department of Revenue are announcing that that income tax rate will be lowered on Jan. 1, 2012. The rate, currently at 5.3 percent, will fall to 5.25 because state tax collections rose at a sufficient rate to trigger the reduction. Read More