Massachusetts Job Losses

Massachusetts has weathered the downturn pretty well. The unemployment rate is at 9.3% right now, which is under the national unemployment rate average of 10.2%. However, the New England Economic Partnership is predicting many more job losses for the state.

The Massachusetts economy will shed tens of thousands of jobs over the next year with the unemployment rate peaking near 10 percent around summer, according to a forecast released today. – Boston.com

On the bright side, one of the economists quoted in the article believes that homes are at their most affordable since the mid-1990s.