Monday, September 6, 2010

Facts at a Glance: Jobs and the Massachusetts Economy on Labor Day 2010

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Facts at a Glance:
Jobs and the Massachusetts Economy on Labor Day 2010

September 5, 2010

Labor Day 2010 will be a challenging day for working people across America.  The nation is in the third year of a terrible economic crisis, one that has claimed a larger percentage of US jobs than any other recession since the Great Depression.

Here in Massachusetts, the painful effects of the economic crisis are being felt daily, particularly by residents with lower levels of education.  At 9.0 percent, the overall unemployment rate in Massachusetts does not trail the national rate by much. 

At the same time, the picture in our Commonwealth is somewhat less bleak than that which we see in most of the rest of the nation.  While in Massachusetts we have lost 2.8 percent of the jobs that we started the recession with, that is less than half the rate of job loss of the nation as a whole (5.9 percent) -- and a better performance than most other states.  Wages also have held up better in Massachusetts than in most states.

A new fact sheet, Facts At a Glance: Jobs and the Massachusetts Economy on Labor Day 2010 is available at or by clicking here.

See MassBudget's Budget Browser to explore Massachusetts state budgets from Fiscal Year 2001 to the present, as well as budget proposals offered by the Governor and the Legislature.

MassBudget provides independent research and analysis of state budget and tax policies, as well as economic issues, with particular attention to the effects on low- and moderate-income people.
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