Massachusetts's loses jobs

Modern day this day by day while. Rain need gonna be a tough -- both ways today as far as I understand the forecast. Some heavy heavy -- little bit -- some gusty strong winds 4045. Maybe fifty miles an -- plan accordingly. I'm only getting worse would be living in Minnesota cold. From the same. And whether and what a heartbreaking loss just Arianna whoa 3128. Overtime -- you say it's a root for the called summit Peyton Manning fan. Have always admired him always respect and should be good Super Bowl with the -- suicide you're okay. Right -- for the colts weren't told and -- and for the vacationing Todd Todd fiber who'll be back in a couple days and everybody else did knows that every day at this time. We do the Boston business report with the Boston Globe Steve -- what a fascinating and somewhat discouraging story. On the front page of your paper Steve -- the Boston Globe tells us that this has been a lost decade. Four based state jobs Robert Gavin -- colleague is the author what's going on.

Absolutely right. In terms of starting here at the very top of the decade into when we we just ended. If you if you look at all the jobs in Massachusetts we ended up with -- 55000. Viewer which is. If you're measuring -- percentages we lost about. 20% of our jobs over a decade something that hasn't happened since. The World War II whereas something as you point out that. Pretty discouraging. In some ways there's an element out of calendar gimmicks here though to a net. You know it's the beginning of this past decade we were right on top of that tech boom which was especially important for the Massachusetts economy of course. And we had to -- and you know the economy in Massachusetts and all of crops the country was. It is just heading into the tank big time so do you really got a peak to trough. Period if you measured. It you know 1998. To 2000 need -- 2003. 33. I'm sure it do you get up positive number not a great positive number but. You you wouldn't have this astonishing thing where we've actually lost jobs over a ten year period.

Nonetheless the underlying story is a day at least it points out that challenges if not. Specifically. Negative policies. That there is some pretty big challenges out the F four governors present a brand future. To try to address and a meaningful way.

Absolutely not only do have. Fewer jobs and by the way it is sort of back here in Massachusetts if you look back -- Twenty years instead of ten years if you would see any increase in -- employment overall but incredibly. Modest increase since. You know we had a big employment boom in the eighties but after that we've. But we've just really inched along for almost twenty years now and this is you know it -- incredible pressure over time on things like state budgets and and did everything else and that works in the economy. Haven't. If you look at -- in those last ten years now I didn't not only -- unemployment down but. The median income -- household is those suffering as well. And again very small percent but will we pay -- ten years we've gone. Nowhere and slightly down on that count.

Good -- collect he the State's secretary of housing and economic developments he talks about. How they've done some targeted job creation policies I -- I think that by -- and frankly Governor Patrick. A really doing a nice job here and targeting certain sectors and that these industries were growing prior to the national recession. It is that what you're alluding to Steve when you see you look we will likely to see some growth by 2013.

No I don't but I really was talking there about the fact that. When you measure the decade here who do you know the decades the past decade started in cast a -- of boom period -- Massachusetts there was so much high tech employment and we're ending a period that's just really terrible so you're here. Your movies your look at ten year -- looks this actual past decade was. A real slide and.

I'm -- is Stephen you know Biotech. You know -- health sciences alternative energy. Information technology due she goes as growth serious foot from the for the economy given the way the Patrick administration this is put. As a frankly you know invested in them already had it his.

I think frankly I think alternative energy has a big. Job -- it is it is going to be a -- I just don't. I think it'll create some jobs but it's not anything like an economic engine on Biotech I think yes there are. Some Biotech jobs but age has as an industry. -- It is it is a great job creator there there are he noted. Yeah if you look at -- companies that have started or companies that have expanded. Particularly in the pharmaceutical area that's. More generic and then just sort of whiz bang Biotech. Jobs and increased bid but it it doesn't it's not like other industries. Construction and other service industries where. You know can companies start boom there's lots of jobs to.

Not worked as so it's not like to steal shoe will factories in Brockton and by the GE out in Pittsfield reading GE up and land. Many thousands of people employed -- you round and round the clock. Three ships today are very Arabia.

Who loses and who wins you know that the big job that it came -- here it has been education and health services that shouldn't. Come as any -- they they create.