The Rooster
"Okeydoke"
Saturday, August 01, 2009
If Massachusetts is an example of the economy, the Stimulus is doing its job.
I think he did well and estimated exactly what it would take to stop the decline and initiate a return to functional and sustainable growth. I never expected a 'booming economy' to spring up over night. It's looking good.
Growth. When have we heard that word last?
...That growth rate (click title to entry - thank you) won’t be strong enough to stop unemployment from rising as employers meet increasing - but weak - demand by improving productivity of existing workers rather than hiring new ones, said Alan Clayton-Matthews, the UMass-Boston professor who prepared the report. The state’s unemployment rate hit 8.6 percent in June, the highest rate in nearly 17 years, and several economists expect it to exceed 9 percent when it peaks in 2010.
“The Massachusetts labor market is still suffering, and job losses are expected throughout the second half of the year,’’ Clayton-Matthews said. “However, the pace of job loss should decline significantly.’’...
Growth. When have we heard that word last?
...That growth rate (click title to entry - thank you) won’t be strong enough to stop unemployment from rising as employers meet increasing - but weak - demand by improving productivity of existing workers rather than hiring new ones, said Alan Clayton-Matthews, the UMass-Boston professor who prepared the report. The state’s unemployment rate hit 8.6 percent in June, the highest rate in nearly 17 years, and several economists expect it to exceed 9 percent when it peaks in 2010.
“The Massachusetts labor market is still suffering, and job losses are expected throughout the second half of the year,’’ Clayton-Matthews said. “However, the pace of job loss should decline significantly.’’...
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