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 […]

Educators, employers laud state plan to boost voke school funding

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By Trisha Thadani | Special to the Telegram & Gazette Lawmakers joined with education advocates Tuesday in support of Gov. Charles D. Baker Jr.’s plan for funding the state’s public vocational technical schools, which are lauded as potential job creation engines but must waitlist thousands of students each year. Former Lt. Gov. Timothy P. Murray said […]

Mayor Walsh announces reform for Boston Redevelopment Authority

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By Lavanya Prabhakar | The Daily Free Press In an effort to establish trust in city planning, Boston Mayor Martin Walsh announced a plan Tuesday to reform the identity of the Boston Redevelopment Authority, according to a Tuesday press release. “This initiative will establish an identity, mission, and values for the organization that are reflective of the Walsh Administration’s commitment to smart and […]

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 […]

This City Wants to Create a Village for Millennials

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By Kerry Close | Money In Boston, it takes a village to cope with pesky millennials. While students and young professionals between the ages of 20 and 34 have increased the city’s economic prosperity, they’ve also driven up real estate prices by 95% between 2009 and 2015, a new report from a Massachusetts State Senate committee argues. […]

Report urges housing reform in Mass.

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By Katie Lannan Arguing for the need for a “revolution in housing production” to keep pace with demand, a report released this week by a Senate committee recommends 19 proposals taking aim at everything from foreclosures, gentrification, homelessness, preservation and rehabilitation, production, public housing, support services, zoning and housing models. Along with support for housing-related […]

Mass. Senate Committee Crafts Plan To Address Housing ‘Crisis’

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By Simón Rios | WBUR A special committee of the state Senate is calling for action on a slate of issues that add up to what they say is a housing crisis facing Massachusetts. “Across the commonwealth, low rates of housing production have not kept pace with population growth and need,” said state Sen. Linda Dorcena-Forry. The Democrat, […]

Senate panel recommends “Millennial Villages” and other housing reforms

State House News

By Katie Lannan | State House News Service Arguing the need for a “revolution in housing production” to keep pace with demand, a report released Thursday by a Senate committee recommends 19 proposals taking aim at everything from foreclosures, gentrification, homelessness, preservation and rehabilitation, production, public housing, support services, zoning and housing models. Along with support […]

Inventory Is Low And Won’t Recover Quickly

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By Jim Morrison | Banker & Tradesman Home sale prices are approaching all-time highs. The number of sales has been growing steadily upward since 2011, but the inventory of single-family homes and condos for sale is about half of what it was in 2012, frustrating real estate agents across the commonwealth, who all seem to have […]

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