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Economy & Labor

Mass. posts 3rd straight quarter of strong growth


The Massachusetts economy grew at a significantly stronger clip than that of the U.S. during the fourth quarter, marking three consecutive quarters of strong growth, according to data released on...

GDP growth slowed in fourth quarter

The nation’s gross domestic product grew at a 2.6 percent annual pace in the fourth quarter, the Commerce Department said yesterday.

Disagreement brewing over earned sick time

State House News Service |

An effort to make business-friendly changes to the earned sick time law passed by voters in November has encountered opposition from the organization that led the push for the ballot law.

Consumer confidence reaches 8-year high

After a strong December, consumer confidence in the United States rose sharply in January to its highest level since August 2007, the Conference Board announced Tuesday.

Mass. tax revenue outlook good, not great


Economic experts predicted on Thursday that state tax revenues would continue to grow at a "modest" clip through fiscal 2016, with estimates hovering around 4.5 percent growth as lawmakers and Gov.

Mass. adds 10,900 jobs in December

Massachusetts added 10,900 jobs in December and the unemployment rate dropped to 5.5 percent in December, the state Executive Office of Labor and Workforce Development (EOLWD) said Thursday.

More firms willing to negotiate starting salaries

More than two of every five companies are more willing to negotiate salaries for new, skilled candidates than they were a year ago, another sign of a more competitive job market for employers,...

Most companies have set aside money for raises in 2015

The economy is improving. That's the good news. But with an improving economy comes a demand from some workers for higher salaries. In our Flash Poll for the week of Jan. 5, nearly...

As economy improves, will paychecks keep pace?

LIVIA GERSHON Special to the Worcester Business Journal |

Over the last few months, pundits have grown increasingly optimistic about economic growth across the United States as job numbers have come in relatively strong. But Jane Fontaine, vice...

Consumer prices slip 0.4 percent for December

Carol McDonald |

The Consumer Price Index declined 0.4 percent in December on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported Friday, driven largely by the decline in gasoline prices.

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