Jobless rate in Mass. continues to inch upward

bGlobe

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 […]

Business confidence up in June

State House News

By State House News Service Optimism about labor force participation trends is outweighing worry about long-term growth, an Associated Industries of Massachusetts survey of employers found, as confidence in the economy climbed again last month. AIM’s Business Confidence Index rose a full point to 61.8 in June, the ninth month out of the last 10 […]

Hiring sale: Job availability on the rise

bGlobe

By Katie Johnston | The Boston Globe Just how tight is the job market? Hollister Staffing is so busy finding workers for employers that the agency is looking to beef up its own staff — and is networking practically around the clock. But so far, Hollister has only managed to hire a handful of the […]

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

bGlobe

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

bGlobe

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

bGlobe

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,” […]

Bakeries are booming, but bakers are in short supply

bglobelogo

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 […]

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 […]

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