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 […]

Olympic legacy, in 3 boxes

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By Shirley Leung, The Boston Globe  If you want to know more about the good, the bad, or the ugly about Boston 2024, seek out Northeastern University economist Barry Bluestone. A few weeks before Boston pulled the plug in July on its improbable bid to host the Summer Games, Bluestone was named the co-chair of Boston 2024’s Legacy Committee. As such, he […]

Like ‘Friends’ without the hallway

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Long-term adult roommates are Boston’s future — and the city needs to plan for it By Mike Ross Much of Boston’s existing housing stock was built for a very different time — a city filled with families, with more than half of the adults married. Children made up approximately one-third of the population, and households […]

Land costs, labor drive Boston-area housing prices out of control

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By Tim Logan, Globe staff Boston will be stuck in an endless housing crunch, despite adding tens of thousands of new residences in the past few years, unless it finds a way to curb the rapidly increasing cost of building here, a Boston Foundation report to be released Friday finds. The study found that surging land […]

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