Soiree Current Economic Picture
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The document summarizes the current economic situation in the United States and Massachusetts. It notes that the housing crisis led to a recession as financial institutions became overleveraged and asset prices fell. The recession has spread globally and unemployment is rising significantly across industries. Massachusetts is experiencing job losses like other states, though some technology, education, and health sectors have remained stronger. The outlook for Massachusetts in December looks bleak as major employers announce layoffs.
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Soiree Current Economic Picture
- 2. Eeek!
- 3. Yikes!
- 7. Bentley
- 8. Grady
- 10. Recovery will be long
- 12. 6.5%
- 13. 7.8% . . . . . .
- 22. New Jobs Created
- 23. “ Marty, what do we do now?”
Editor's Notes
- Thank you, George. I’ve been a member of MPN since May. I know many of you and am looking forward to getting to know everyone else. I was thrilled when George asked me to help plan tonight’s program and more so when he asked me to be a presenter. I want to share with you a personal story that occurred recently. Several months ago, I was in an interview and the interviewer asked me what I was afraid of. Well, I assumed she meant what I was afraid of as it related to the job, so I answered appropriately. But what I didn’t tell her was that I am afraid of…