Survey: Mass. Biz Confidence Stuck in Longest Rut Since COVID
Nearly a year into the second Trump administration, Democrats atop Beacon Hill are not the only ones unable to shake a sense of economic agita.
Shutdown Squeeze Ups the Odds of a Mass. Recession
Facing waves of federal funding cuts, Massachusetts’s financial picture was already looking bleak as October approached. Then, Congress entered a budget stalemate, adding uncertainty to the mix.
Mass. Jobless Rate Holds Above National Average
Labor officials said unemployment stayed at 4.8 percent last month, while the national rate inched upward to 4.2 percent in the same span.
Report Predicts Biotech Shrinkage as Federal Changes Take Hold
Job and labor force surveys are starting to pick up on the early impacts of President Donald Trump’s trade and tariff policies and other federal government shifts to Massachusetts, economists at MassBenchmarks said.
Mass. Job Growth Stagnated Over Last Year
The unemployment rate in Massachusetts climbed once again in May, widening the gap between the state and the nation as a whole following a year of nearly flat job growth in the Bay State.
Pioneer Institute Says Massachusetts’ Economy is Declining
It’s a wake-up call for elected leaders to move beyond incremental steps and pursue a bold, unified strategy – one that taps our world-class universities, research centers and talent to restore Massachusetts’ edge in innovation and opportunity.
Expert: Economic Downturn Could Trump Impacts of GOP Funding Cuts
Massachusetts could face billions in lost federal revenue and heightened economic risk under the second Trump administration, a budget expert warned lawmakers Thursday, but he emphasized that a broad economic downturn could deal the hardest blow.
New Job Seekers Nudge Mass. Unemployment Rate Up
The statewide unemployment rate climbed again in April to 4.6 percent, slightly widening the gap with the national joblessness rate, labor officials said Friday.
Mass. Economists Project Weak Growth Ahead
Lagging job growth in the state is seen as the big reason the state’s economy appears likely to slow down through the third quarter.
Survey: Employer Confidence Sank Lower in April
Tariff policies and national political developments slid Massachusetts employers further into a state of pessimism in April.
Economist: Mass. Economy May Have Shrunk More than U.S. in Q1
Start with an aging workforce and challenges retaining younger people, and add growing consumer worries and weakness in the tech sector, and Massachusetts’ economy could have shrunk as much as 1.3 percent.
Report: Mass. Home to More Millionaires Despite New Surtax
Surtax supporters released data Monday that they said pokes holes in the argument that the state’s new tax on high earners is causing higher-income residents to move out of Massachusetts.
A Top Mass. Economist Tries to Navigate Tariffs’ Local Impact
Between market dips, concerned state officials and international trade implications, the tariff policies implemented and now partly paused by President Donald Trump last week have created widespread worry across Massachusetts and the nation.
Mass. Businesses Grow Pessimistic Due to Tariffs
Even before the Trump administration latest tariffs, announced last week, sent the stock market into a tailspin, Massachusetts businesses were turning pessimistic about the state economy in March.
Report Warns States ‘Outcompeting’ Mass. for Entrepreneurs
Incubators and accelerators designed to aid entrepreneurs have helped create tens of thousands of jobs in Massachusetts and fueled billions of dollars of investment, according to a new industry report that urged lawmakers to invest in additional supports.
Federal Unemployment Claims Jump in Mass.
The massive wave of federal layoffs is starting to have a modest but noticeable impact on Massachusetts residents.
Mass. Biz Confidence in Biggest Drop Since March 2020
Massachusetts employers sure are worried about tariffs and the prospect of major cuts to medical and scientific research.
Senate Budget Chief: Mass. Economic Health ‘At Risk of Being Upended’
The Senate budget chief knocked the possibility of dipping into the state’s more than $8 billion rainy day fund Thursday to address financial woes, but also warned that federal policymaking and looming cuts could cripple Massachusetts’s economic wellbeing.
Mass. ‘Eds and Meds’ Economy in Trump’s Crosshairs
Greater Boston’s acclaimed universities, hospitals, and affiliated research institutions are the fuel that made the region a juggernaut of the 21st-century knowledge economy. Now they are making it a target.
Mass. Saw Official Population Surge in ’24 – Thanks to New Methodology
The Pioneer Institute is cautioning that the Census Bureau’s report that a surge in the number of Bay Staters was only driven by a better way of counting humanitarian migrants, not any change in the state’s affordability issues.
