Massachusetts economy

New England News
6:03 pm
Fri March 1, 2013

Economists Hopeful About Massachusetts Growth

There is great uncertainty about the impact the federal budget cuts, through the process known as sequestration, will have on the Massachusetts economy.   But regional economists remain cautiously optimistic, according to an analysis released this week.  

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New England News
12:17 pm
Mon February 25, 2013

White House Outlines How Budget Cuts Could Impact Massachusetts

Education and the military would take among the biggest hits in Massachusetts from the automatic cuts to the federal budget  that are  scheduled take hold this week absent a compromise between the White House and  Congressional Republicans.

The White House Sunday issued a report that said sequestration, as the budget cuts are called, would result in about 7000 civilian defense department workers being furloughed, reducing gross pay by more than $43 million.   Funding for military base operations would be cut by about $13 million.

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New England News
4:09 pm
Wed January 9, 2013

Home Sale Prices Up, Foreclosures Down In 2012

Hampden County Register of Deeds, Donald Ashe discusses the 2012 real estate market during a press conference.
Credit WAMC

Boosted by higher home sale prices and more transactions spurred by low interest rates the amount of money spent on real estate in Hampden County last year was almost $1 billion, a nine percent increase over 2011, and the most since 2008.  Hampden County Register of Deeds Donald Ashe called it a good year for the housing market in western Massachusetts and he forecast what he called a “ steady healthy market”  for the next six months.

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New England News
12:21 pm
Thu September 27, 2012

Berkshire Labor Market Trends Revealed in New Report

Robert Clifford of the Federal Reserve Bank of Boston addresses members of the Berkshire Chamber of Commerce at the Pittsfield Country Club. 9/27/2012.
Lucas Willard WAMC

Today in Pittsfield, a detailed analysis of the Berkshire County labor market was presented by the Federal Reserve Bank of Boston to highlight the changes, strengths, and challenges facing workers and employers in region. WAMC’s Berkshire Bureau Chief Lucas Willard reports…

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New England News
6:20 pm
Wed August 1, 2012

Jobs Bill Provides Funds For Research Grants At UMass

    The Massachusetts legislature has passed a bill designed to spur economic development and create jobs.  It should also provide a boost to the national research profile for the University of Massachusetts flagship Amherst campus.  WAMC’s Pioneer Valley Bureau Chief Paul Tuthill reports

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New England News
6:25 pm
Tue July 24, 2012

Unemployment Rates Rise In Most Mass. Local Labor Markets

The Massachusetts economy,  which had been growing at a much faster rate than the nation’s as a whole is showing signs of slowing.  Experts believe the Baystate is being buffeted by forces beyond its borders.   WAMC”s Pioneer Valley Bureau Chief Paul Tuthill reports.

   A new report from the Massachusetts Office of Labor and Workforce Development, Tuesday, said seasonally unadjusted  unemployment rates  rose in a majority of the state’s 22  local labor markets in June, reflecting a statewide slow down in permanent hiring.

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