Massachusetts Economy: Getting Back in the Chips

Technology helps Massachusetts revitalize its economy

In an otherwise gloomy economic picture, the state of Massachusetts is a surprisingly bright spot. During the recession of the mid-'70s, it suffered some of the nation's worst unemployment. Its traditional textile and shoe industries, in decline for decades, snuffed out. Yet, last month, when the national unemployment rate hit 10.4%, Massachusetts reported only 7.7%, an actual drop from 9.5% earlier in the year and the lowest rate among the ten largest industrialized states.

What makes the difference in the Bay State? "There's been a complete...

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