Massachusetts added 10,500 jobs last month, the 10th straight month of gains, the Massachusetts Office of Labor and Workforce Development said Wednesday.
The agency charged with overseeing the real estate boom coursing through Boston is a dysfunctional bureaucracy, its system for reviewing projects erratic, with just a few powerful staffers deciding how new buildings will look using “unwritten rules,” according to a highly critical audit being released by City Hall Thursday.
The Boston policy requiring developers to accommodate lower-income residents in even the most expensive buildings is being scrutinized as cities struggle to provide affordable housing. Helping affordable-housing lottery winners live in swanky digs limits the construction of properties elsewhere that can accommodate more people, said Barry Bluestone, an economist and founding director of Northeastern University’s Dukakis Center for Urban and Regional Policy. “It’s a nice gesture but it does virtually nothing to solve the housing crisis,” said Dr. Bluestone. “There are a lot of areas where it would be cheaper to build middle-income housing.”
Once again, the Greek debt crisis is causing stock markets around the world to tumble and raising questions about the long-term future and stability of the euro currency and the European Union. Could Greece’s woes wash up on the shores of Massachusetts and stall the state’s thriving economy, which has seen unemployment drop to the lowest levels since 2007?
The jobs picture keeps getting brighter in the Bay State. The Massachusetts unemployment rate slid to 4.6 percent in May from 4.7 percent the previous month, matching the low point before the so-called Great Recession began in December 2007, the state Executive Office of Labor and Workforce Development reported Thursday.
A town hall discussion was held on June 2 in Billerica about EDSAT (Economic Development Self-Assessment Tool) developed by Barry Bluestone of Northeastern University’s Dukakis Center for Urban and Regional Policy to see how well cities and towns compete with other communities on issues related to economic development.