Please do not leave this page until complete. This can take a few moments.
The national gross domestic product has shrunk for the last two consecutive quarters, which some economists consider to be a technical recession. However, the robust job market, where the unemployment rate is 3.7% in Massachusetts and 3.5% in Greater Worcester, leaves room for doubt as to whether the country will enter a significant economic slump. The organization that officially decides if the U.S. is in a recession -- the Business Cycle Dating Committee under the umbrella of the National Bureau of Economic Research -- hasn't made a decision yet.
Stay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Sign upWorcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
SubscribeWorcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
See Digital EditionStay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
The national gross domestic product has shrunk for the last two consecutive quarters, which some economists consider to be a technical recession. However, the robust job market, where the unemployment rate is 3.7% in Massachusetts and 3.5% in Greater Worcester, leaves room for doubt as to whether the country will enter a significant economic slump. The organization that officially decides if the U.S. is in a recession -- the Business Cycle Dating Committee under the umbrella of the National Bureau of Economic Research -- hasn't made a decision yet.