Boston is experiencing a surge in construction of housing units that low- and middle-income residents can afford, countering a trend toward luxury home construction, figures released Tuesday show.
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?
Rents are rising, and the working poor are spending more each month on housing, forcing tough choices between shelter and essentials, such as food and medicine. While local programs offer some assistance, the federal government has no appetite for addressing the crisis in affordable housing, and experts say without a coordinated national effort, the crisis will deepen.
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.
A town hall discussion was held on June 2 in Billerica about EDSAT (Economic Development Self-Assessment Tool) developed by Barry Bluestone of Northeastern University’s Dukakis Center for Urban and Regional Policy to see how well cities and towns compete with other communities on issues related to economic development.