Economy grew faster in Mass. than in US for first quarter

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By Deirdre Fernandes | The Boston Globe While the US economy limped through the first quarter, posting the slowest pace of growth in two years, the state’s economy kicked into higher gear. The Massachusetts economy grew by 2.3 percent in the first quarter of 2016, the University of Massachusetts reported Thursday, up from 1.4 percent in the […]

State jobless rate hits 4.5%, lowest in nearly 15 years

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By Deirdre Fernandes | Globe Staff The state’s unemployment rate in February dropped to its lowest point in nearly 15 years, as the Massachusetts economy continued to expand. The Massachusetts unemployment rate was 4.5 percent, the lowest since December 2001, as employers added 13,300 jobs in February, the state Executive Office of Labor and Workforce Development said […]

Baby boomer retirements may slow Mass. economic growth

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By Deirdre Fernandes | Globe Staff The biggest hurdle to the state’s economic growth isn’t a slowing Chinese economy, collapsing oil prices, or gyrating financial markets. It’s your graying co-worker. The long-predicted wave of baby boomer retirements — delayed by the recession of 2007-2009 — is beginning to hit companies in Massachusetts and across the […]

Mass. economy follows pace of US

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By Deirdre Fernandes | Globe staff The Massachusetts economy downshifted significantly at the end of last year, felled by broader weaknesses in the US and global economy, the University of Massachusetts reported Friday. After expanding by a 5.7 percent annual rate in the second quarter of 2015 and 2.4 percent in the third, the Massachusetts […]

Boston homeownership keeps sliding

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By Tim Logan | Globe staff The homeownership rate in Greater Boston plunged last year, according to data released Thursday by the US Census Bureau, dipping below 60 percent for the first time on record. The decline is in large part attributed to the recent population growth, driven by a wave of young adults moving […]

Making it that ‘final mile’ to work in suburbia

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By Emily Sweeney | Globe Staff Say you take the commuter rail to work in the suburbs west of Boston. After you step off the train, you need to find a ride to reach your office. Do you call a taxi? Request an Uber? Wait for a shuttle bus? Wait . . . is there a shuttle […]

The next act: As the line blurs between industrial and technology companies, Boston is a natural draw for companies like General Electric

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By Jay Fitzgerald and Deirdre Fernandes | Globe staff After a long erosion of its industrial base, Massachusetts last week landed one of the world’s biggest industrial companies. The decision of General Electric Co. to move its headquarters to Boston highlights how the local economy has come full circle, through decades of invention and reinvention, to be […]

State job growth is best since dot-com era, but apt to slow

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By Deirdre Fernandes  | Globe staff Massachusetts just enjoyed the best annual run in job growth since the end of the dot-com boom 15 years ago, but economists say it’s unlikely to continue this year. The state added an estimated 7,100 jobs in December, pushing employment growth for all of 2015 to nearly 74,000 jobs, the […]

State, national economies due to keep growing

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By Deirdre Fernandes Welcome to 2016: like last year, or maybe, a tad better. The US and Massachusetts economies are on track to repeat their 2015 performance, with wages growing, consumer spending increasing, and unemployment ticking down this year, economists predicted. “We will see a slightly better economy in 2016,’’ said Nariman Behravesh, chief economist […]

Governor Baker may seek new funds for vocational education

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By David Scharfenberg, Globe staff State Education Secretary Jim Peyser suggested Tuesday that the Baker administration will seek new state funding for vocational education. “We’re certainly planning on investing new resources,” Peyser told reporters, after joining Governor Charlie Baker and two other Cabinet secretaries for a job training announcement at online retailer Amazon’s Kendall Square […]

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