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Economy

Federal Reserve senior economist to highlight WBJ Economic Forecast Forum on Feb. 29

Some of the region’s top economic experts and business leaders will descend on the AC Hotel by Marriott Worcester on Feb. 29 to share their outlooks on today’s economic climate, as WBJ hosts its annual Economic Forecast Forum in partnership with the Worcester Regional Chamber of Commerce.

State Senate increases salary and perks for staffers in bid to boost retainment

The state Senate unveiled new employee salary ranges, an expanded career ladder, and additional employee perks Wednesday in an effort to better recruit and retain staff members.

Boston area inflation lower than national figures

Consumer prices nationwide are 3.1 percent higher than they were one year ago, but prices have not climbed quite as fast over the same span in the Greater Boston area, the U.S. Bureau of Labor Statistics said Tuesday.

Saint Vincent nurses to petition leadership to raise staffing levels, claim union contract has been violated

The petition comes in the wake of a January announcement by MNA complaints had been filed to a number of federal and state officials regarding conditions at the hospital. 
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Worcester-Boston employee compensation costs rising at slower rate than rest of nation

Compensation costs for private industry workers are on the rise in the large metropolitan area including Worcester, but at a rate that is slower than much of the rest of the nation.

Associated Industries of Massachusetts names head of economic inclusion

In an effort to boost its diversity-related activities, the Associated Industries of Massachusetts have named Karen Wallace to the newly-created position of executive vice president of economic inclusion.

Poll: 58% of likely voters support boosting wages for tipped workers

A polling memo said support for the question "does not budge" after voters hear balanced arguments from both sides.

Report: Immigrants provide direct economic benefits to region

Immigrants who settle and find work in Massachusetts provide "a direct economic benefit to the region in which they are working in both the value of work produced and in added local spending power," according to a new report that lands as Massachusetts continues to contend with a surge of immigrants that is stressing the state's shelter safety net.
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Worcester gas prices remain steady in run-up to peak travel season

The average price for a gallon of gas in the Worcester area was $3.10 per gallon of regular unleaded on Tuesday, 2 cents higher than the price of $3.08 seen a week ago but 3 cents lower than the price of $3.13 seen on Jan. 6.

Worcester business confidence falls into pessimistic territory to begin 2024

Despite concerns among the manufacturing sector and the pessimistic viewpoint of Central Massachusetts businesses, the state’s economy continued to grow.
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