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Article: BUSINESS FORUM; South Shore in better economic position than many other areas
- Article from:
- The Patriot Ledger Quincy, MA
- Article date:
- April 23, 2003
- Author:
CopyrightCopyright 2003 The Patriot Ledger Quincy, MA. Provided by ProQuest LLC. (Hide copyright information)
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Ronald E. Zooleck
The South Shore is being tossed by the same economic currents as
the rest of the country: uncertainty about the aftermath of the war
in Iraq, continuing sluggishness in economic activity, escalating
health care costs, and dropping state and federal tax revenues.
Fortunately, the South Shore is also well positioned to ride out
these storms and to emerge strongly. Our region's unemployment rate
has remained lower than Massachusetts as a whole, and well below that
of the rest of the nation. We did not fare nearly as well during the
last recession. But the key industries that make up our local economy
- finance, insurance, retail - have fared relatively well during the ...