Thursday, May 1, 2008

Now, for some good news...

The Massachusetts economy grew at 3.6 percent during the first quarter, according to the Globe. From Robert Gavin's blog post:

    Massachusetts, after lagging behind the US through the economic recovery of the past few years, is weathering the recent national downturn because of the strength of its technology, science and healthcare sectors, according to UMass. State exports of technology and pharmaceutical products are strong and so is hiring in those sectors. Employment in professional, scientific and technical services, for example, grew nearly 4 percent over the past year, compared to less than 1 percent for the state as a whole, according to the state Department of Workforce Development.

Also, we didn't build a lot of spec housing in the last decade.

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