Increases on federal loan interest rates take effect Tuesday
Effective Tuesday, college students taking out loans for the 2014-2015 school year will see an interest rate increase for federal Stafford loans, PLUS loans and some graduate loans. The interest on an undergraduate Stafford loan will be raised from 3.66 percent to 4.66 percent. The graduate loans affected will now have 6.21 percent interest rates, […]
Mass. economy grows due to increased employment
An economic report released Thursday by MassBenchmarks, an economic journal at the University of Massachusetts Donahue Institute, shows the Commonwealth’s economy has expanded significantly due to employment growth, rising incomes and increased consumer spending. The gross state product grew by approximately 5.5 percent in the last quarter of last year according to the report. MassBenchmarks compiles this […]
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 […]
