Mass was Silicon Valley East: high tech was the largest employer. After 9/11, these jobs quickly disappeared-40,000 were lost in 2002. Coupled with losses in financial services (2nd largest employer) and manufacturing, our local economy is still in the doldrums. As a high tech salesperson, I have been laid off three times, and know many workers in the same predicament. Off Shoring is part of the reason.
http://www.bizjournals.com/boston/stories/2003/10/20/story1.html?jst=s_rs_hlArticle title:
"The offshoring of Massachusetts
Companies sending much of their IT work overseas leave a dwindling pool of programming jobs"
SNIP
"Massachusetts has continued to shed jobs as the economy shows signs of rebounding. The state lost 8,200 jobs in August 2003 and 45,800 since August 2002, according to the state Division of Employment and Training. The unemployment rate was 5.8 percent in August, the highest it has been since October 1994. September figures were to be released this week.
The largest job loss in the past year came in computer systems design and related services, which lost 5,800 jobs, or 12.1 percent, since August 2002. Going back further, the decline is even steeper in that sector, with 24,400 jobs, or 36.6 percent, lost since January 2001. About 441,000 people in Massachusetts hold jobs in the professional, scientific and business services sector, according to DET figures."
SNIP
Another article on our piss-poor local economy:
http://www.boston.com/business/globe/articles/2003/11/19/mass_falls_behind_florida_in_tech_jobs/One good thing: the traffic has gotten a little better since the bubble burst here.