The network of hospitals, prestigious universities and prep schools that has propelled New England’s regional economic growth for decades is dragging the recovery in its labor market and fueling historically high unemployment.
After decades sustaining a jobless rate below that of the country as a whole, New England now stands above the U.S. average. Its rate was 5% in November, the most recent month for which historical comparisons can be made, against 4.2% for the national figure.
Roughly a third of the decline in payrolls in Massachusetts -- the region’s economic engine -- and Rhode Island is accounted for ...
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