Jobless rate in Mass. continues to inch upward

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By Lauren Feiner | Boston Globe The Massachusetts unemployment rate in June again inched upward, hitting 4.3 percent in a month where officials said employers added 10,000 jobs. Since the beginning of 2017, the jobless rate in Massachusetts has steadily risen from 3.2 percent in January, even though nearly 63,000 more people now have jobs […]

Economists say a $1b state budget cut may be needed

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By Joshua Miller | The Boston Globe Top Massachusetts economists are warning that sluggish tax revenue growth means policy makers will have to chop as much as a billion dollars out of next year’s budget — cuts that could squeeze programs for the poor and the sick and increase calls for raising taxes. The top budget officials […]

Millionaire tax will put Massachusetts back on track

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By Mohamad Ali and Alan Clayton-Matthews | The Boston Globe We all want a future for our Commonwealth in which our economy continues to grow, the great quality of life enjoyed by some of us is enjoyed by all of us, and our young people in every community have the opportunity to reach their potential. Building that future […]

Massachusetts economic growth lags nation in the first part of the year

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By Deirdre Fernandes | Boston Globe The Massachusetts economy lost steam in the first three months of this year, lagging behind the nation as a whole, the University of Massachusetts reported Friday The state’s economy shrunk by 0.5 percent since the start of 2017, as wages and salaries of workers stalled, according to the UMass economic […]

Bay State economy sputters in Q1

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Jordan Graham | Boston Herald The Bay State economy shrank during the first three months of the year, the second straight quarter of less growth than the country, which also saw disappointing growth for the first months of 2017. In the first quarter of the year, Massachusetts’ gross domestic product fell by 0.5 percent, according to […]

Will Bay State run out of workers?

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By Jordan Graham | Boston Herald Bay State employers added more than 10,000 jobs last month and more residents rejoined the labor force, the latest signs that Massachusetts’ labor market is continuing to grow — though some analysts worry the good times may soon be coming to an end. “It’s been steady, relatively strong growth,” […]

Town Poised for Development According to Report

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By Sue Ellen Woodcock | Winthrop Transcript When it comes to economic development in Winthrop there are strengths and weaknesses,  but there are also a number of people working to create the right atmosphere. Northeastern Professor Barry Bluestone, of the Dukakis Center for Urban and Regional Policy, presented the results of a study from 220-question survey filled […]

State economy appears to slow in the 4th quarter

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Expected federal fiscal policy may provide boost in 2017; labor supply a major constraint By Mass Benchmarks Massachusetts real gross domestic product grew at an estimated annual rate of 0.5 percent in the fourth quarter of 2016 according to the MassBenchmarks Current Economic Index. Nationally, real gross domestic product grew at an estimated 1.9 percent […]

Young workers seen as key to Mass. economic growth

MetroWest Daily News

By Jeff Malachowski | MetroWest Daily News Attracting young workers from across the country and world is a key component to continuing economic growth in Massachusetts, one expert told business professionals Friday. “If we’re going to be successful in terms of growing the economy we have to have influxes of young workers into the state,” […]

Continued Growth Of Mass. Economy Depends On Immigration, Experts Say

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By Fred Thys | WBUR Massachusetts and New Hampshire have the strongest economies in New England, but experts say continued growth depends on immigration. That was one message delivered during an economic outlook conference hosted by the New England Economic Partnership at the Federal Reserve Bank of Boston on Tuesday. “We’re highly dependent on growing our labor […]

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