By Megan Woolhouse The Massachusetts economy slowed sharply in the third quarter, affected by global uncertainties and turmoil in financial markets, but still expanded faster than the US economy, according to a report by the University of Massachusetts and the Federal Reserve Bank of Boston. The state economy grew at 2 percent annual rate in […]
By Megan Woolhouse, Globe staff The Massachusetts economy is creating jobs at its fastest pace in 15 years, pushing wages and spending higher and indicating solid employment growth in coming years, according to a forecast by a group of academic and business economists. The New England Economic Partnership projects the state will add about 200,000 […]
By Jay Fitzgerald and Jack Newsham, GLOBE CORRESPONDENTS There’s some good news for those thinking melancholy thoughts about the end of summer and what inevitably follows. Heating oil prices have plunged to their lowest levels in six years, and consumers are likely to see hundreds of dollars in savings this winter on their heating bills. […]
Once again, the Greek debt crisis is causing stock markets around the world to tumble and raising questions about the long-term future and stability of the euro currency and the European Union. Could Greece’s woes wash up on the shores of Massachusetts and stall the state’s thriving economy, which has seen unemployment drop to the lowest levels since 2007?
The jobs picture keeps getting brighter in the Bay State. The Massachusetts unemployment rate slid to 4.6 percent in May from 4.7 percent the previous month, matching the low point before the so-called Great Recession began in December 2007, the state Executive Office of Labor and Workforce Development reported Thursday.
The Massachusetts economy has brushed aside the record snowfall that hobbled businesses earlier this year to post impressive gains in employment, wages, and consumer spending, outpacing the nation as a whole. And the state’s economic growth is expected to accelerate, according to a report by the New England Economic Partnership, a nonprofit group of regional economic researchers.