Traders are hoping for a rebound Monday after a lackluster jobs report ended the stock market last week on a sour note. Job growth in Massachusetts has been better — but that's not necessarily because the economy is improving.
Take the wholesale bakery moving from Woburn to North Andover for more space to hire more people. Owner Nabil Bhoghos says it’s not because business is better that Jessica’s Brick Oven is adding 125 people over the next year. He says the expansion is happening because he changed the business.
"So I don’t think it has anything to do or tie into the economy," Bhoghos said.
Same thing for the shopping website RueLaLa.com. The company’s Stacey Santo says it’s hiring another 75 people over the next few months because it has come up with a new way to shop online.
"Because of that, we’ve been compelled to add talent at a very aggressive rate," Santo said.
If these companies are any indication, a good deal of the state’s job growth may be coming from booming firms like these, and not because established companies feel it’s safe to hire again.
This program aired on August 9, 2010. The audio for this program is not available.