Massachusetts jobless rate continues to drop

State House News

By Colin A. Young State | House News Service The Massachusetts economy added 6,600 jobs in December as the state’s unemployment rate continued its downward trend, hitting its lowest level in 16 years. The state’s total unemployment rate ticked down one tenth of a percentage point to 2.8 percent last month — the sixth straight […]

Young workers seen as key to Mass. economic growth

MetroWest Daily News

By Jeff Malachowski | MetroWest Daily News Attracting young workers from across the country and world is a key component to continuing economic growth in Massachusetts, one expert told business professionals Friday. “If we’re going to be successful in terms of growing the economy we have to have influxes of young workers into the state,” […]

Continued Growth Of Mass. Economy Depends On Immigration, Experts Say

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By Fred Thys | WBUR Massachusetts and New Hampshire have the strongest economies in New England, but experts say continued growth depends on immigration. That was one message delivered during an economic outlook conference hosted by the New England Economic Partnership at the Federal Reserve Bank of Boston on Tuesday. “We’re highly dependent on growing our labor […]

Worker shortages, moderate growth expected for 2017

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By Deirdre Fernandes | The Boston Globe The state’s leading economists expect the Massachusetts economy to grow at a moderate pace this year, but warn that the low unemployment rate could create worker shortages in certain fields, including construction and skilled manufacturing. “The Massachusetts economy is fast approaching full capacity,” the editorial board of the […]

Tax revenue forecasts all over map

commonwealth-magazine

By  Bruce Mohl | Commonwealth Magazine The state’s tax revenue forecasters are more than $1 billion apart in their projections for fiscal 2018, the largest gap between high and low estimates in the last six years. At a State House hearing on Monday with lawmakers and Baker administration officials who are trying to develop a consensus […]

Bay Watch: What Connecticut Can Learn From Massachusetts’s Job Growth

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By Lydia Brown & Lucy Nalpathanchil | WNPR Labor pains and lessons from the north. As Connecticut comes to terms with recent job loss, Massachusetts emerges as a regional leader in statewide job recovery. This hour, we explore the latest job market trends and find out what Connecticut stands to learn from the Bay State. Are […]

Economists Forecast Strong 2017 In Greater Boston

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Melrose Named Hottest Market In Massachusetts By Jim Morrison | Banker & Tradesman The Greater Boston real estate market is on track for a strong finish this year and next year will bring more of the same, Jonathan Smoke, chief economist at Realtor.com, told an audience of hundreds of real estate professionals at the Federal […]

Rising mortgage rates unlikely to dampen Boston real estate

bGlobe

By Katheleen Conti | The Boston Globe Mortgage rates are on a post-election spike that some observers said marks the end of the historically low rates that homeowners and house hunters have been enjoying for the past five years. Rates for 30-year loans this week edged over 4 percent for the first time in 2016, […]

Mass. loses 5,000 jobs, but rate plunges

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By Jordan Graham | Boston Herald Massachusetts lost more than 5,000 jobs and fewer people looked for work last month even as the unemployment rate plunged to 3.3 percent last month. Experts advised job losses may not indicate a slowing labor market. “A lot of the decline in employment is due to sampling error,” said Alan Clayton-Matthews, […]

US economy grew at 2.9 percent rate in third quarter

bGlobe

By Deirdre Fernandes | The Boston Globe The Massachusetts economy expanded at an accelerated pace in the third quarter of 2016, faster than the national economy, which had its biggest gains in two years, the University of Massachusetts reported on Friday. The state’s economy grew at 3.7 percent in the three months ending in September, compared […]

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