The Massachusetts unemployment rate edged upward for the third straight month, climbing to 6.5 percent in September, the Massachusetts Executive Office of Labor and Workforce Development reported Thursday.
The state’s jobless rate had been at a recent low of 6 percent in June, but rose to 6.1 percent in July and 6.3 percent in August, before it rose again last month. The trend was anticipated by economists, who said a global economic slowdown, uncertainty about US tax policy, and other factors, such as rising gasoline prices, have contributed to a climate of uncertainty and slowed hiring.
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The Globe will report that Mass Jobless figures are climbing, but oddlu enough they will not rport "WHY" Massachusetts has last jobs over the last three years - which is an even more important story. One of the biggest employers in the state - the financial services industry has seen several thousand jobs such as Fund Accounting, Custody, SEC,IRS, compliance, Financial Reporting sent to INDIA by firms like State Street Corporation, and JP Morgan Chase, but the Globe continuesw to not report this story and hide its head in the sand. Currently, for instance, State Street Corporation - who mayor Menino just gave an $11.5 million tax break to - is training INDIAN nationals on the third floor of the John Hancock Tower and in North Quincy, to take American good paying middle class jobs, and return back to INDIA with. Jay Hooley the current "visionary" CEO has told his internal execuritives that he would like to send the entire Fund Adminsitration Division - 750 Boston Jobs to INDIA, in a Joint Venture or JV with a firm owned by INDIAN nationals called SYNTEL Corp. If your college gaed kid can't find a job in the next few years give Mayor Menino, Mayor, Koch, and Barney Frank a call and ask them why they helped ALLEN GREENE(State Street JV Director) and Jay Hooley send American Jobs to INDIA..
http://www.wgbh.org/programs/Greater-Boston-11/episodes/July-19-2012State-Street-outsourcing-40276
The markets that affect job creation aren't waiting to see Democrat's 'increased tax revenues'!! The markets that affect job creation are waiting to see a 'reduction in spending'!!!! THERE WILL BE NO JOBS TO SPEAK OF until the markets see spending reduced!! And you have been warned.