The unemployment rate in Massachusetts increased to 9.5 percent in January from a revised 9.3 percent in December. The Executive Office of Labor and Workforce Development reports the state added a net of 400 jobs last month, but the labor force increased by 3,200, which resulted in the uptick in the unemployment rate. The biggest jobs [...]
Continue reading...Wednesday, December 9, 2009
Putnam Investments is cutting just over 100 jobs according to spokesman Jon Goldstein. Most of the cuts will happen at their Boston headquarters or in the Andover office. This is the third round of cuts since June 2008 and will focus primarily on technology and operations positions. Putnam Investments is a subsidiary of Canada’s [...]
Continue reading...Thursday, November 19, 2009
For the first time in almost two and a half years, Massachusetts saw a drop in unemployment last month. The states unemployment rate fell .4% to 8.9% from September’s 9.3%, the highest level since 1975. Although most of the growth came in professional services, the best news came from the construction industry which [...]
Continue reading...Thursday, October 29, 2009
Governor Deval Patrick of the Commonwealth of Massachusetts is cutting another 1000 state jobs and says an additional 1000 jobs may be in jeopardy if the unions won’t make some concessions. Massachusetts is struggling to close a $600 million gap in their budget this year. Patrick wants the unions to agree to nine unpaid furlough [...]
Continue reading...Tuesday, October 20, 2009
Massachusetts has been cutting jobs all year in an effort to make up for its budget deficits. So far this year, 1620 jobs have been cut, with 726 of those coming as layoffs. 129 of those layoffs came during the most recent pay period. The state still has a $600 million [...]
Continue reading...Sunday, October 11, 2009
Massachusetts’ Lieutenant Governor Timothy P. Murray cautioned on Friday that layoffs of state employees would be announced next week. “There will be layoffs that will occur,” Murray said after an hour long meeting with mayors from across the state. He did not go into specifics. Governor Deval Patrick was at the meeting on Beacon Hill along with [...]
Continue reading...Thursday, October 8, 2009
The president of the Massachusetts Senate, Therese Murray, has come out with grim projections in regards to layoffs. In fact, the next few months, according to Murray will be marred by layoffs and budget cuts resulting from a $1 billion dollar budget gap. “I see months ahead of cuts, program elimination, layoffs and big holes,” Murray [...]
Continue reading...Sunday, October 4, 2009
Massachusetts Governor Deval Patrick announced on Friday morning that layoffs would occur among state jobs after September tax revenues came in at over $240 million below estimates, placing the state in another fiscal crisis. “Today’s news means we have more work to do,” said the governor. Patrick has already made $7 billion in cuts and slashed 1,400 state [...]
Continue reading...Sunday, October 4, 2009
The Massachusetts state Department of Conservation and Recreation announced yesterday that it will be reducing the state’s capacity to combat forest fires. Next week, the agency will send out as many as 55 layoff notices to employees in order to account for the $11 million in budget cuts necessary to balance the state’s budget. Those [...]
Continue reading...Thursday, September 10, 2009
Baystate Franklin Medical Center, located in Greenfield, Massachusetts, is closing down two units and letting go of 51 employees in response to a $1.6 million operating loss. The substance abuse unit and outpatient behavioral health units will be closed. Hospital officials are working with ServiceNet to ensure continuity in services provided to the community and [...]
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Thursday, March 4, 2010
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