Bakeries are booming, but bakers are in short supply

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By Deirdre Fernandes | The Boston Globe Our hunger for bread and muffins may be insatiable, but grocery stores, restaurants, and pastry shops are increasingly struggling to find one key ingredient: the bakers to make them all. Massachusetts technology firms and health care companies have been in the trenches of the talent war for years, offering […]

Obama will leave office with unemployment at 4.7 percent

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By Deirdre Fernandes | The Boston Globe On the month of President Obama’s first inauguration in January 2009, the US economy bled nearly 800,000 jobs and the unemployment rate was speeding toward its peak of 10 percent. He leaves office with the jobless rate down to 4.7 percent in December, wages showing their strongest pickup in […]

Worker shortages, moderate growth expected for 2017

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By Deirdre Fernandes | The Boston Globe The state’s leading economists expect the Massachusetts economy to grow at a moderate pace this year, but warn that the low unemployment rate could create worker shortages in certain fields, including construction and skilled manufacturing. “The Massachusetts economy is fast approaching full capacity,” the editorial board of the […]

Rising mortgage rates unlikely to dampen Boston real estate

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By Katheleen Conti | The Boston Globe Mortgage rates are on a post-election spike that some observers said marks the end of the historically low rates that homeowners and house hunters have been enjoying for the past five years. Rates for 30-year loans this week edged over 4 percent for the first time in 2016, […]

In Trump times, cities must lead on climate change

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By Joan Fitzgerald | The Boston Globe As a candidate, Donald Trump vowed he would abandon the Paris Agreement, reverse President Obama’s climate initiatives, and bring back coal. As president-elect, he’s been more circumspect, but his appointment of climate-change denier Myron Ebell to head the transition at the EPA suggests he may try to make good on […]

Harvard, janitors reach deal that may have ripple effect

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Deal could set bar for wages in other states By Katheleen Conti | Boston Globe In a span of just five months, thousands of low-wage union workers in Greater Boston have racked up victories against powerful institutions and employers, at a time when the discontent of the working class shaped the presidential election. The latest came […]

US economy grew at 2.9 percent rate in third quarter

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By Deirdre Fernandes | The Boston Globe The Massachusetts economy expanded at an accelerated pace in the third quarter of 2016, faster than the national economy, which had its biggest gains in two years, the University of Massachusetts reported on Friday. The state’s economy grew at 3.7 percent in the three months ending in September, compared […]

It’s time for vocational schools to get some respect

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Mass. employers depend on their graduates and say more must be done to address long wait lists and out-of-date facilities. By Deborah Halber | The Boston Globe On a Monday morning in late spring, city buses arrive like clockwork on Malcolm X Boulevard, disgorging students hunched over cellphones, earbud wires trailing down the fronts of […]

In 2015, Mass. wages rose slower than in rest of US

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By Deirdre Fernandes and Evan Horowitz | Boston Globe While the rest of the country saw blockbuster gains in their paychecks in 2015, household incomes in Massachusetts rose at a much slower pace, according to data to be released by the Census Bureau Thursday. Usually, Massachusetts outpaces the nation, with better school test scores and lower unemployment […]

With revenue gains missing predictions, budget cuts possible

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By Joshua Miller | The Boston Globe State budget cuts from Governor Charlie Baker are probably coming soon to Massachusetts. The Department of Revenue announced Tuesday that state revenue grew only one-half of 1 percent from August 2015 to August 2016 — a surprisingly tiny amount. Overall, in July and August, the first two months of the […]

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