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.
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.
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.
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.
Tariff policies and national political developments slid Massachusetts employers further into a state of pessimism in April.
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.
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.
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.
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.
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.
The massive wave of federal layoffs is starting to have a modest but noticeable impact on Massachusetts residents.
Massachusetts employers sure are worried about tariffs and the prospect of major cuts to medical and scientific research.
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.
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.
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.
Business confidence among companies in Massachusetts has stagnated to begin the new year while companies have also expressed concerns regarding President Donald Trump’s planned tariffs.
Voters “were making a statement in part about how they were feeling in terms of their own personal welfare,” she said.
A pair of new surveys of local companies show business conditions in Massachusetts are favorable headed into the final quarter of the year.
At the Associated Industries of Massachusetts’ annual outlook event surveying the future of the Massachusetts economy, housing affordability and production were top of mind.
A new report published Tuesday by the left-leaning Massachusetts Budget and Policy Center suggests fears about outmigration are overblown or at least built on data that that points to “inconsistent” conclusions.
