U.S. economy to catch up to Mass., report suggests
Massachusetts has recovered from the recession of 2008 at a faster rate compared to the rest of the country, but that advantage will soon disappear, a Wednesday report from the New England Economic Partnership suggests. The Commonwealth does not rely heavily on manufacturing sectors and other industries directly related to the recession. However, overall growth in the […]
Low unemployment rate, still economic division in jobs, study suggests
The national unemployment rate is at its lowest point since 2008, but the job market in Massachusetts has become severely polarized, according to a report published Monday by the Center for Labor Market Studies at Northeastern University. The report showed job creation in the Commonwealth is slower than it has been in years, with the wealthier and […]
Federal reports show conflicting data on Mass. economy
The monthly Current Population Survey from the U.S. Department of Labor released Friday showed unemployment is steadily increasing. Conversely, the Federal Reserve District’s beige book released on Sept. 4 said the Northeast has shown economic growth in almost all sectors. “The number of new jobs is a lot less than what people were hoping for,” said Johannes […]
Obama’s proposed federal budget slightly increases financial aid
Changes contained in U.S. President Barack Obama’s proposed 2014 fiscal year budget released April 10 could have a wide range of effects on students at colleges such as Boston University, particularly due to the way the budget addresses financial aid and student loan interest rates, officials said. Bart Lipman, an economics professor at BU, said […]
New delayed-start loan repayment plan may help grads.
Financial service provider Sallie Mae is introducing a student loan repayment plan that allows students of good standing at colleges such as Boston University to push back their loans an additional year following the normal six-month grace period after graduation, officials said. Randall Ellis, a BU economics professor, said while loan flexibility already exists for […]
