A recent issue of Boston Business Journal talked about the thousands of people who are re-entering the Massachusetts work force as the state’s job engine gains traction.
Industries that are experiencing strong job growth are:
- Health Care
- High Education
- Financial Services
Some of the companies which are hiring in this boom include Massachusetts General Hospital, Stop and Shop Cos. Inc, Blue Cross Blue Shield of Massachusetts, Beth Israel Deaconess Medical Sector and Tufts/New England.
Many banks are also adding new jobs (3,600 as of November 30th), although many of these jobs are not in the leading banking and mutual fund organizations, which have actually been laying people off (Citizens, State Street Bank, Eastern Bank, Sovereign Bancorp).
Local higher education organizations such as MIT and Harvard continue to add jobs, as well as Tufts, UMass-Amherst, Salem State, Holy Cross and Boston College.
Technology companies such as IBM, EMC, and Kronos are also hiring at a good clip.
Factors contributing to the on and off affect of employment in Massachusetts include the state’s high housing costs and out of state acquirers of local firms.