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Post by Jobless_in_Ma on Fri Sep 30, 2011 11:09 am

Further fueling the problem, the local economy is weakening, said economist Alan Clayton-Matthews, a professor at Northeastern University. While the state’s unemployment rate has fallen to 7.4 percent, he said, it doesn’t take into account the tens of thousands of people who have dropped off the jobless rolls. “People have given up looking’’ for work, Clayton-Matthews said.

http://www.boston.com/realestate/news/articles/2011/09/30/lenders_step_up_mass_foreclosure_actions_in_august/

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