Stagnant wages hits home in Lynn

Daily Item

By Thomas Grillo | The Daily Item LYNN — Despite the lowest unemployment rate in 15 years, the number of Lynn homeowners facing foreclosure grew by nearly 24 percent since January as families continue to struggle to pay their mortgage, according to The Warren Group, the Boston-based real estate tracker. Lenders filed 161 petitions to foreclose, […]

In 2015, Mass. wages rose slower than in rest of US


By Deirdre Fernandes and Evan Horowitz | Boston Globe While the rest of the country saw blockbuster gains in their paychecks in 2015, household incomes in Massachusetts rose at a much slower pace, according to data to be released by the Census Bureau Thursday. Usually, Massachusetts outpaces the nation, with better school test scores and lower unemployment […]

Mass effect: The Boston region has become a hotbed for life-science jobs, thanks to a constant push to meld research and industry


By Neil Savage | Nature Governments have long thought that if they could lure a multibillion dollar company to their area, smaller firms would grow up around it to provide goods and services, thereby creating jobs. A car manufacturer, for instance, would need parts and materials suppliers. But the experience of Massachusetts and its booming life-sciences […]

With revenue gains missing predictions, budget cuts possible


By Joshua Miller | The Boston Globe State budget cuts from Governor Charlie Baker are probably coming soon to Massachusetts. The Department of Revenue announced Tuesday that state revenue grew only one-half of 1 percent from August 2015 to August 2016 — a surprisingly tiny amount. Overall, in July and August, the first two months of the […]

What department stores say about America’s changing income classes


By Lucy Schouten | The Christian Science Monitor Coach has a message for department stores: it’s time to redefine the relationship. The apparel brand has announced a decision to pull its products from 250 department stores nationwide and to emphasize the Coach specialty stores and online marketplace, Fortune reported. This is just one example of marketplace […]

Mass. economy outperforming US with steady growth


By Deirdre Fernandes | The Boston Globe The Massachusetts economy kept steady in the second quarter of the year, despite lagging consumer spending, slowing growth elsewhere in the world, and the UK’s decision to leave the European Union, the University of Massachusetts reported Friday. The state’s economy grew at an annual rate of 3 percent, a […]

Uncertainty chips away at Mass. business confidence

State House News

By Colin A. Young | State House News Service Amid uncertainty over global conditions and slowing domestic job growth, employer confidence fell in Massachusetts last month as companies took an increasingly bearish view of the U.S. economy, according to survey results released Monday. The Associated Industries of Massachusetts’ monthly business confidence index dipped 1.6 points to […]

Uncertainty weakens business confidence


By Christopher Geehern | aim blog A month of economic uncertainty punctuated by weak US job growth and the United Kingdom’s impending exit from the European Union drove Massachusetts employer confidence lower during June. The Associated Industries of Massachusetts Business Confidence Index (BCI) fell 1.6 points to 56.1 as employers took an increasingly bearish view of the […]

What 80,000 More Vehicles a Day Do to Boston Commute

Next City

By Erick Trickey | Next City Greater Boston’s already congested roads and transit stations will have to absorb over 100,000 more commuters by 2030, leading to “virtual gridlock,” predicts a sobering new study. The report, from business group A Better City, frames the challenges that come with growth, as one of America’s oldest cities reacts to […]

Warning bells for region’s transit future as needs, pressures increase

Bay State Banner

Jule Pattison-Gordon | Bay State Banner As researchers look to Greater Boston’s future, one thing they warn it could contain a whole lot more time waiting in traffic. The time to tackle Greater Boston’s transit future is now, before the region’s already-pressured transportation infrastructure becomes burdened with a swell of new commuters. That was a […]

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