March Unemployment rate in Mass up to 7.8%, trails US average

scottbivium-logo-finalAccording to the recent press release – the Mass. unemployment rate has risen to 7.8%, still less than the 8.5% national average.

Of course, in March 2008 the rate was an incredibly low 4.7%…. the silver lining is that the rate “only” went up from 7.7% to 7.8% from Feb ro March… in line with what we see in general – that it’s not great out there in general, but the “mass layoffs” of some firms may have already passed. In technology, I dare say the unemployment rate is LOWER at this stage of the recession than during the .COM recession.

Again, it’s not easy out there, but as a lifelong entrepreneur, I’m still an optimist at heart. You should be too.


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