Posted on 08/23/2011 6:23:00 PM PDT by matt04
Springfield and its surrounding cities and towns lost a collective 5,600 jobs in July, a further sign of a stalling economy.
“It’s a continuous story. There is just too little demand for goods and services,” said Karl J. Petrick, an assistant professor of economics at Western New England University. “Probably the best we can hope for is slow growth. The best we can hope for is to just narrowly avoid sliding back into recession.”
Springfield’s unemployment rate rose last month to 12.5 percent from 12 percent recorded in June, according to the state Executive Office of Labor and Workforce Development and the U.S. Bureau of Labor Statistics. The number of unemployed people in Springfield rose by 244 from 8,165 in June to 8,409 in July. The city’s unemployment rate averaged 12.6 percent through all of 2010.
The July 2011 unemployment rate of 12.5 percent gave Springfield the fourth-highest city unemployment rate in the state behind Lawrence at 16.2 percent, Fall River at 13.8 percent and New Bedford at 13.5 percent. Holyoke was the next-highest of any Pioneer Valley community as the sixth-highest at 11.9 percent, up from 11.2 in June. Holyoke had an unemployment rate of 12.2 percent in July 2010 and averaged 11.6 percent unemployment in 2010.
(Excerpt) Read more at masslive.com ...
Uh oh. someone wasn't reading the Obama talking points about the supposed "recession."
Too little demand for goods and services? Who was it who said: “We can’t continue to have 5% of the world’s population and use 25% of its resources and expect the rest of the world to say that’s OK.”
So, all you libs in MA: Is that the change you were hoping for?
HOPE AND CHANGE!!!
oh...
wait...
@ years of FUNEMPLOYMENT!
can we the unemployed sue the obama administration for loss of wages?
Foolish professor. It is obvious that more government rules and unionization is the answer. Just because customers don’t want a good or service is no reason to stop producing them. The government should step in and mandate the customers buy the good (electric cars) or service (Romney-ObamaCare). It’s the FDR/progressive way!
read post 3. It’s “funemployment”. Enjoy the slow death. s/
Wigwam closed down?
I know you mean /s, but I did not vote for this jerk and all the staff in the office I work for did, I am unemployed, and they are ALL still working unaffected by this.
Damn the luck! Since the swimmer died, they don’t have a reason to hire a couple of hundred thousand to sit along rivers and act as lifeguards.
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