The Mass. Economy Is Roaring Back. It’s Good News for Job-Seekers. – NBC Boston – Boston, Massachusetts

Boston, Massachusetts 2021-04-30 18:46:07 –

Ask what you think about the economy these days. I have hope for the first time in a long time.

“I feel pretty optimistic,” John Keegan said on Friday. “We’re picking up every week,” said Mari Scheller, a Cambridge retailer. Boston’s Thomas Demilia said the economy “seems to be positive.”

That trend is supported by strong numbers. Massachusetts GDP rose 11.3% in the first quarter, more than double the growth rate in the fourth quarter of 2020, according to MassBenchmarks.

“It’s really encouraging to see it come back,” said Mike Kennery, director of housing economic development in Massachusetts.

He acknowledges the state’s success for several reasons. “Our economy is much more open than before. Vaccine deployment is very successful …. Our SMEs benefit from a lot of support from both the federal and federal governments. I’m receiving it. The state government. “

“It tells me that our economy is in recovery mode and is in recovery mode faster than the national average,” said economic analyst Jim Lowell.

The Governor of Massachusetts said the resumption could be faster if residents continued to be vaccinated at this pace, Baker said.

Lowell said he hopes the state will continue in growth mode as long as vaccination continues.

“And that’s great news for those who are currently unemployed or are thinking of trading in,” Lowell said.

The trade-up is what Jean-Pierre Cross wants. He lost his job at the beginning of the pandemic.

“I focused on reading and learned new skills. I think a lot of people are a point,” he said.

Demilia lost her job in the restaurant industry and said, “I returned to school when I was fired and started my business online. I had to be creative.”

Massachusetts people can go out again without a mask as of Friday.

The unemployment rate is 6.8% and many people are still looking for a job.

“I haven’t got my job back yet,” said Jessica Torres.

But like Elizabeth Martinez, most people agree that the state is heading in the right direction.

“I was able to get more time at work. I’m earning more than before,” she said.

What if the federal incentive runs out? We hope that large-scale infrastructure investments over the next few years will help recover.

The Mass. Economy Is Roaring Back. It’s Good News for Job-Seekers. – NBC Boston Source link The Mass. Economy Is Roaring Back. It’s Good News for Job-Seekers. – NBC Boston

Back to top button