Economy

The Massachusetts unemployment rate for May fell to 2.8%, down 0.3 of a percentage point from April. This is the third month in a row that the unemployment rate has decreased, and the first time it has dipped below the 3.0% percent mark in 2023, according to the state Executive Office of Labor and Workforce Development.

Worcester staffing and executive recruiting company Partnership Employment is moving its offices from Elm Street after 21 years at the location to the 18th floor of The Glass Tower, at 446 Main St.

Smaller cannabis companies are white labeling and collaborating as they try to survive a fierce pricing competition against large corporations in an increasingly saturated market.

Marlborough firm Akoya Biosciences has eliminated two C-suite positions as part of an initiative to cut its expenses, as it aims to raise $43.5 million in additional funding.

The average wait time for admission to a residential rehabilitation center for substance-abuse disorders is 34 days across Massachusetts, according to a new report from the Association for Behavioral Healthcare.

Five life science companies with significant operations in Central Mass. were among the 43 firms across Massachusetts chosen to split $24.4 million in tax incentive awards.

WBJ is conducting a Midyear Economic Forecast survey of its readers to gauge how the events so far in 2023 have impacted their outlooks on the Central Massachusetts economy. Those who fill out the survey by June 14 will be eligible to win one of three $50 gift cards to an area restaurant.

When it comes to reaching the state’s renewable energy goals, cross-sector collaboration is the name of the game, according to speakers and panelists at WBJ’s 2023 Mass Energy Summit.

Ahead of a major expansion of the electric grid and in the midst of generational retirements, utilities are working to fill positions key to keeping the lights on and hitting the region’s renewable energy goals

After closing key facilities and operating on mere hours of cash, the Family Health Center of Worcester is in a more stable financial position, in part due to higher insurance reimbursements.