Driven by solid gains in the labor market, the Worcester area economy continued to grow at a strong pace during the second quarter of 2014, according to the latest Worcester Economic Index (WEI).
Worcester's economy is expected to grow at about 3.3 percent on an annualized basis through the spring and summer, according to a report by an Assumption College economics professor.
Assumption College laid off 15 staff members this week as the Worcester school tries to respond to growing cost pressures it says the entire higher education industry is facing.
Worcester's economy is expected to grow at about 1.5 percent on an annualized basis for the first three to six months of 2014, according to a report by an Assumption College economics professor.