Clayton-Matthews predicts potential for economic losses at outside summer events due to lingering fear from Boston marathon bombings

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Economics? Biggest loss is yet to come, experts say

By Jack Minch and Jennifer Swift New Haven Register

The biggest economic impact to Friday’s lockdown of Greater Boston is yet to come, said Northeastern University economist and professor of public policy Alan Clayton-Matthews.

Albright, Bluestone, and Clayton-Matthews Explain Trends in MA Population Rise

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Boom in immigration fuels state population rise; Middlesex, Suffolk counties add most

By Matt Carroll | The Boston Globe | April 08, 2013

Driven by a boom in immigration, the Boston area grew by about 55,000 residents in a recent two-year period, according to new county population estimates by the US Census Bureau.

The population growth in Cambridge’s Middlesex County and Boston’s Suffolk County together accounted for about half the state’s overall growth of about 100,000 new residents between April 2010 and July 2012, the census figures show.

After declines, jobless rate in Mass. on the rise

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By Priyanka Dayal McCluskey | Worcester Telegram & Gazette | February 24, 2013

For more than two years starting in early 2010, the Massachusetts unemployment rate fell steadily, indicating that the economy was improving after a severe recession.

But recently, the trend has reversed. After falling to 6 percent in May and June of 2012, the unemployment rate ended the year at 6.7 percent.

In the Worcester metropolitan area, unemployment fell to 6.4 percent in April and May but rose to 7.2 percent by year’s end.

The reversal may be unwelcome, but it’s not entirely surprising, given the slowdown in economic growth during the second half of 2012, according to Northeastern University economist Alan Clayton-Matthews. The Massachusetts economy grew just 1 percent in the last quarter of 2012, Mr. Clayton-Matthews reported in the journal MassBenchmarks. Read More

Tech sector spurs Mass. growth as US economy contracts

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By Robert Gavin | The Boston Globe | January 30, 2013

No one is calling it a return to boom times, but the state’s economy grew modestly in the ­final three months of 2012, even as the US economy unexpectedly contracted slightly, the University of Massachusetts reported Wednesday.

The contrast offered further evidence the state is rebounding from the recession at a more robust pace than the nation as a whole, largely on the strength of its technology industries.

“This appears to be a slow quarter, but the Massachusetts economy is growing still,” said Alan Clayton-Matthews, a Northeastern University economist and author of the report. “And growth is going to pick up.”

The state’s economy grew at a 1 percent annual rate in the fourth quarter, while the Commerce Department said the US economy shrunk at an annual rate of one-tenth of a percent, largely because of a pullback in government spending. Read More

The 2013 outlook: Slow hiring, then it picks up

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By Megan Woolhouse | The Boston Globe | January 13, 2013

The Massachusetts economy grew slowly last year, but economists predict it will gain steam throughout 2013, adding jobs at a moderate pace.

The fastest job growth will occur in construction, as housing and commercial real estate markets rebound, as well as in two technology related sectors, professional and business services and information services, and leisure and hospitality, according to forecasts.

The economy will “slowly accelerate, and by the end of the year we should have stronger growth,” said Northeastern University economist Alan Clayton-Matthews. He added, “The worst may be now.”

A slow pace of hiring marked the final months of 2012 for Massachusetts as concerns about how Congress would manage the combination of tax increases and budget cuts known as the fiscal cliff led both consumers and businesses to hold back on spending. The continued economic struggles in Europe, the state’s largest export market, also had a significant impact, slowing demand for Massachusetts technology, pharmaceutical, and other products made here. Read More

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