Worker shortages, moderate growth expected for 2017

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By Deirdre Fernandes | The Boston Globe The state’s leading economists expect the Massachusetts economy to grow at a moderate pace this year, but warn that the low unemployment rate could create worker shortages in certain fields, including construction and skilled manufacturing. “The Massachusetts economy is fast approaching full capacity,” the editorial board of the […]

Tax revenue forecasts all over map

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By  Bruce Mohl | Commonwealth Magazine The state’s tax revenue forecasters are more than $1 billion apart in their projections for fiscal 2018, the largest gap between high and low estimates in the last six years. At a State House hearing on Monday with lawmakers and Baker administration officials who are trying to develop a consensus […]

Bay Watch: What Connecticut Can Learn From Massachusetts’s Job Growth

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By Lydia Brown & Lucy Nalpathanchil | WNPR Labor pains and lessons from the north. As Connecticut comes to terms with recent job loss, Massachusetts emerges as a regional leader in statewide job recovery. This hour, we explore the latest job market trends and find out what Connecticut stands to learn from the Bay State. Are […]

Economists Forecast Strong 2017 In Greater Boston

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Melrose Named Hottest Market In Massachusetts By Jim Morrison | Banker & Tradesman The Greater Boston real estate market is on track for a strong finish this year and next year will bring more of the same, Jonathan Smoke, chief economist at Realtor.com, told an audience of hundreds of real estate professionals at the Federal […]

Rising mortgage rates unlikely to dampen Boston real estate

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By Katheleen Conti | The Boston Globe Mortgage rates are on a post-election spike that some observers said marks the end of the historically low rates that homeowners and house hunters have been enjoying for the past five years. Rates for 30-year loans this week edged over 4 percent for the first time in 2016, […]

Mass. loses 5,000 jobs, but rate plunges

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By Jordan Graham | Boston Herald Massachusetts lost more than 5,000 jobs and fewer people looked for work last month even as the unemployment rate plunged to 3.3 percent last month. Experts advised job losses may not indicate a slowing labor market. “A lot of the decline in employment is due to sampling error,” said Alan Clayton-Matthews, […]

US economy grew at 2.9 percent rate in third quarter

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By Deirdre Fernandes | The Boston Globe The Massachusetts economy expanded at an accelerated pace in the third quarter of 2016, faster than the national economy, which had its biggest gains in two years, the University of Massachusetts reported on Friday. The state’s economy grew at 3.7 percent in the three months ending in September, compared […]

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

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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 […]

With revenue gains missing predictions, budget cuts possible

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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 […]

Mass. economy outperforming US with steady growth

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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 […]

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