On Dec. 20, 2001, a study by Northeastern University's Center for Labor Market Studies showed that Massachusetts lost jobs at a faster pace in 2001 than almost any other state. High-tech positions paying above $78,000 suffered the most from cutbacks. The number of unemployed in Massachusetts rose 83.1 percent compared to December through October of 2000. The jump resulted in more than 140,000 unemployed. At the same time, Fleet Boston Financial Corp. announced it was cutting 700 additonal jobs, bringing total job cuts at the company to 1,750 since March of 2001.
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