MassBenchmarks: Bay State experiencing ‘good economic fortunes’

PNB

By PBN staff Massachusetts, according to the latest economic report by MassBenchmarks, is “experiencing good economic fortunes in an environment characterized by worrisome global conditions.” The report pointed to slow economic growth in China and resulting negative impacts in countries that export commodities to that country. “Global debt issues further cloud prospects for the future. […]

Economists: Paid leave proposal would expand access for Mass. workers

AlanClaytonMatthews

A proposed statewide program to provide paid leave for medical and family caregiving would cover 3.1 million Massachusetts workers and level the playing field for women, minorities, and low-income workers, at an average cost of only $3 a week per each covered employee, according to a new analysis by economists from Northeastern University and the […]

Economy grew faster in Mass. than in US for first quarter

bGlobe

By Deirdre Fernandes | The Boston Globe While the US economy limped through the first quarter, posting the slowest pace of growth in two years, the state’s economy kicked into higher gear. The Massachusetts economy grew by 2.3 percent in the first quarter of 2016, the University of Massachusetts reported Thursday, up from 1.4 percent in the […]

State jobless rate hits 4.5%, lowest in nearly 15 years

bGlobe

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 […]

Baby boomer retirements may slow Mass. economic growth

bGlobe

By Deirdre Fernandes | Globe Staff The biggest hurdle to the state’s economic growth isn’t a slowing Chinese economy, collapsing oil prices, or gyrating financial markets. It’s your graying co-worker. The long-predicted wave of baby boomer retirements — delayed by the recession of 2007-2009 — is beginning to hit companies in Massachusetts and across the […]

Mass. economy follows pace of US

bGlobe

By Deirdre Fernandes | Globe staff The Massachusetts economy downshifted significantly at the end of last year, felled by broader weaknesses in the US and global economy, the University of Massachusetts reported Friday. After expanding by a 5.7 percent annual rate in the second quarter of 2015 and 2.4 percent in the third, the Massachusetts […]

Employer Confidence Steady to Start 2016

AlanClaytonMatthews

Confidence among Massachusetts employers remained steady during January as optimism about the state economy offset uncertainty about China and turbulent financial markets. The Associated Industries of Massachusetts (AIM) Business Confidence Index rose 0.5 points to 55.8 last month, starting 2016 well above the 50 mark that denotes a positive economic outlook. The increase was driven […]

State job growth is best since dot-com era, but apt to slow

bGlobe

By Deirdre Fernandes  | Globe staff Massachusetts just enjoyed the best annual run in job growth since the end of the dot-com boom 15 years ago, but economists say it’s unlikely to continue this year. The state added an estimated 7,100 jobs in December, pushing employment growth for all of 2015 to nearly 74,000 jobs, the […]

State, national economies due to keep growing

bGlobe

By Deirdre Fernandes Welcome to 2016: like last year, or maybe, a tad better. The US and Massachusetts economies are on track to repeat their 2015 performance, with wages growing, consumer spending increasing, and unemployment ticking down this year, economists predicted. “We will see a slightly better economy in 2016,’’ said Nariman Behravesh, chief economist […]

Massachusetts economy slows, but still tops US rate

bglobelogo

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 […]

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