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 […]
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 […]
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 […]
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 […]
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 […]
By Megan Woolhouse, Globe staff The Massachusetts economy is creating jobs at its fastest pace in 15 years, pushing wages and spending higher and indicating solid employment growth in coming years, according to a forecast by a group of academic and business economists. The New England Economic Partnership projects the state will add about 200,000 […]
By Jay Fitzgerald and Jack Newsham, GLOBE CORRESPONDENTS There’s some good news for those thinking melancholy thoughts about the end of summer and what inevitably follows. Heating oil prices have plunged to their lowest levels in six years, and consumers are likely to see hundreds of dollars in savings this winter on their heating bills. […]
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?