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Greater Worcester unemployment dropped in March for first time in six months

Mica Kanner-Mascolo 3 hours ago

The region’s seasonally unadjusted employment rate fell 0.1 percentage points from 5.2% in February to 5.1%.

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Today's Poll

Should the City of Worcester tax the endowments of colleges and universities?
Poll Description

The Worcester City Council voted unanimously on April 15 to put a non-binding question on the November ballot, asking if the city’s private colleges and universities should be required to invest 0.5% of their endowments into a community impact fund. As of the second quarter of 2024, Worcester Polytechnic Institute, Clark University, College of the Holy Cross, and Assumption University had combined endowments of $2.23 billion. The presidents of five high-profile Worcester universities pushed back, saying this tax is short-sighted and ill-timed as they battle the federal government's funding cuts. The presidents also said the tax would have to apply to all nonprofits with endowments, not just institutes of higher education.

Regardless of the outcome of the November vote, the City of Worcester doesn't have the authority to tax college endowments. For the City to actually implement the tax, the state Legislature would need to pass a new law.

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Central Mass Manufacturing Summit & Awards

Congratulations to our 2025 Manufacturing Excellence Award honorees! Please join us for the celebration and industry conversation on Tuesday, April 22, 2025! Worcester Business Journal is proud to present our 10th annual Central Mass Man
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Book of Lists 2024

Worcester Business Journal's annual Book of Lists is filled cover-to-cover with pure market intelligence on significant businesses and players in the Central Massachusetts economy and community. The 45 lists in this 2024 edition highlight the top companies and professionals in sectors including banking & finance, real estate, manufacturing, health care, education, nonprofits, hospitality, and professionals services. This year's edition even includes three lists never previously published.
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