Amid all the revelations about the patently unqualified Jeff Perry and Charlie Baker’s refusal to own up to his poor record comes more positive news.
The unemployment rate here in the Commonwealth dropped from 8.8% to 8.4% last month, continuing Massachusetts’s best-in-the-nation recovery from the worst recession since the Great Depression. This marks the steepest drop in the rate since 1976.
The Massachusetts economy still has a ways to improve, but there’s little doubt that things are moving in the right direction here in the Commonwealth (and much more quickly than the nation as a whole). That’s the value of strong leadership, folks.
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Rate drops, but it was another month of net loss of jobs.
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p>The rate dropped because people gave up or moved away.
I wouldn’t claim that everything is perfect with the economy. But it is unquestionably a positive thing that the unemployment rate dropped, signaling again that the Commonwealth is recovering from the recession far quicker than other states.
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p>And I’d also point out that the job losses last month were concentrated in the leisure/hospitality sectors, which is typical at the end of the tourist season. The economy gained jobs other areas, particularly professional sectors.
To the extent that the economy is picking up, it’s from the strong possibility that the Bush Tax Cuts will be extended after the election.
Seriously, that is the silliest comment I’ve seen in quite some time. Got any backup for that?
maybe the economy is picking up as a reflection that Congress won’t extend the Bush tax cuts for the wealthy, which would sink the country even deeper into debt.
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p>That position is at least as plausible as your statement, and probably more so.
Riiiiight.
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p>So, if only we had cut taxes even more, and perhaps deregulated the securities industry even more, we’d be in even better shape today, no doubt.
we all have a pretty good idea of Bush’s economic policies. we’re still trying to dig ourselves out of the mess he created.
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p>So how come the ‘strong possibility‘ of the status remaining the quo does more for the economy than the actual event of stimulus?? Or do you contend that pumping 800 billion directly into the economy has somehow less effect than… well.. keeping things the way they have been before during and and after the crisis??
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It’s because are just now feeling the effects of President Reagan’s optimism and brave stand against the Warsaw Pact.