Rising prices, falling rates give boost to jumbo loans

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The number of jumbo loans used for home purchases has skyrocketed in Massachusetts, as buyers take out bigger mortgages to pay for increasingly expensive homes. Lenders, from local banks to mortgage giants, say that at least 30 percent of their loans are now jumbos, compared with about 10 percent in recent years, fueled by a market where home prices in some communities have now surged past prerecession highs.

Bringing science to the people in Provincetown

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A reception before the event at Bubala’s by the Bay drew names such as musician Patty Larkin, Northeastern professor of political economy Barry Bluestone, Rice Polak Gallery owner Marla Rice, and founding executive director of Community Servings Dede Ketover.

Report details economic impact of school construction

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In the 10 years since the Massachusetts School Building Authority was created, the agency has distributed $10.5 billion to help build and renovate hundreds of schools to improve the quality of education around the state, but the funding also has played a significant role in creating jobs and generating tax revenue, a new report shows. The economic impact was particularly meaningful during the recent downturn, which hit the construction industry hard, according to the report, written by Alan Clayton-Matthews and Barry Bluestone of the Northeastern University Dukakis Center for Urban and Regional Planning.

Barry Bluestone at the Windham Economic Development Committee

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Barry Bluestone presents to the Windham Economic Development Committee.

Mass. unemployment rate drops to 5.5%

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There was no shortage of good news in the Massachusetts jobs report for June, when unemployment dipped to 5.5 percent — its lowest rate in nearly six years — and when the growing number of people working in the state hovered at an all-time high.

Mass. Adds 3,700 Jobs In June; Jobless Rate Ticks Down To 5.5 Percent

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BOSTON — The Massachusetts economy added 3,700 jobs in June and the state unemployment rate ticked down 0.1 percentage point, to 5.5 percent, according to figures put out Thursday by the Massachusetts Executive Office of Labor and Workforce Development.

Training workers for biotech labs is Mass. program’s goal

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Twenty-seven-year-old Daria Kotowski can barely contain her excitement.

“The gel systems are here,” she exclaims, pulling packages containing an orange-looking goo from a cabinet in Quincy College’s biotechnology and compliance lab.

Boston’s residency rule routinely flouted

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Thirteen of the 22 top leaders in Boston’s Police Department live outside the city in apparent violation of the city’s residency requirement, a law frequently ignored and weakly enforced, according to a Globe analysis of payroll and property records.

Massachusetts business confidence dropped in June

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The index posted a reading of 53.7 in June, down from a reading of 54.8 in May. The reading for June 2013 was 48.9. The index uses a 100-point scale. A reading above 50 indicates a generally positive outlook among state employers, a reading below 50 a negative one.

Northeastern University report suggests need for future life science investment

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In a report conducted by Northeastern University, released last week, analysts said the state’s investment in life sciences had pushed Massachusetts to the top of the list when measuring population-controlled life science employment, with 113,678 people involved in the industry throughout the state in 2012.

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