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 […]

Editorial: Gloomy report about Worcester highlights specific needs

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By Sun Staff  | Worcester Sun A report released by the Pioneer Institute last Thursday, Feb. 11, paints a grim picture of the economic state of 14 Massachusetts cities, including Worcester. In “Ten Years Later: Trends in Urban Redevelopment,” author Aaron Beitman offers this stark assessment: “During the 19th and early 20th centuries, the industrial successes […]

Editorial: Coincidences or culture shift?

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By Sun Staff  | Worcester Sun Cultural shifts can happen in two ways, deliberately or accidentally. A person or group can set out to affect change and find their message resonates with a much larger population. It’s also possible an independent series of events share a theme, a common thread that over time stitches together that […]

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 […]

Lester Thurow, an Economist Ahead of His Time

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By Robert Kuttner | The American Prospect Lester Thurow, one of the leading economists to challenge American inequality before that view became fashionable, died last week at 77. He spent most of his career at MIT, where he also served as dean of the Sloane School of Management between 1987 and 1993. Born in Montana, he […]

Why Aren’t Millennial Wages Growing?

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Brendan Duke, associate director of economic policy at the Center for American Progress. Author of the new report, “When I Was Your Age: Millennials and the Generational Wage Gap.” (@brendan_duke) Alicia Sasser Modestino, professor of economics and public policy at Northeastern University. (@SasserModestino) Center for American Progress: When I Was Your Age — “By all […]

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 […]

Employer Confidence Steady to Start 2016

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Confidence among Massachusetts employers remained steady during January as optimism about the state economy offset uncertainty about China and turbulent financial markets. The Associated Industries of Massachusetts (AIM) Business Confidence Index rose 0.5 points to 55.8 last month, starting 2016 well above the 50 mark that denotes a positive economic outlook. The increase was driven […]

Gov. Charlie Baker releases Fiscal Year 2017 budget proposal

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By Lauren Fogelstrom | The Daily Free Press Massachusetts Gov. Charlie Baker released the budget proposal for the Fiscal Year 2017 Wednesday, which will invest $39.6 billion in education, workforce development and local aid without affecting taxes, according to a Wednesday press release. In his announcement, Baker highlighted the need to allocate money in order to improve […]

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