In 2015, Mass. wages rose slower than in rest of US


By Deirdre Fernandes and Evan Horowitz | Boston Globe While the rest of the country saw blockbuster gains in their paychecks in 2015, household incomes in Massachusetts rose at a much slower pace, according to data to be released by the Census Bureau Thursday. Usually, Massachusetts outpaces the nation, with better school test scores and lower unemployment […]

With revenue gains missing predictions, budget cuts possible


By Joshua Miller | The Boston Globe State budget cuts from Governor Charlie Baker are probably coming soon to Massachusetts. The Department of Revenue announced Tuesday that state revenue grew only one-half of 1 percent from August 2015 to August 2016 — a surprisingly tiny amount. Overall, in July and August, the first two months of the […]

Mass. economy outperforming US with steady growth


By Deirdre Fernandes | The Boston Globe The Massachusetts economy kept steady in the second quarter of the year, despite lagging consumer spending, slowing growth elsewhere in the world, and the UK’s decision to leave the European Union, the University of Massachusetts reported Friday. The state’s economy grew at an annual rate of 3 percent, a […]

MassBenchmarks: Bay State experiencing ‘good economic fortunes’


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


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


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


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


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


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


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 […]

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