Economy

U.S. Jobless Aid Applications Fall To 5-Year Low

December 27, 2012

The average number of people seeking unemployment benefits over the past month fell to the lowest level since March 2008, a sign that the job market is healing.

No Deal In Sight As Fiscal Cliff Deadline Nears

December 27, 2012

WASHINGTON — Senate Majority Leader Harry Reid says the government appears headed over the so-called fiscal cliff because of a lack of progress in bipartisan negotiations.

Mass. Loses 1,100 Jobs In Nov., Unemployment Rate Holds At 6.6 Percent

December 20, 2012

BOSTON — The preliminary estimate of 1,100 jobs lost last month comes on the heels of a revised gain of 11,900 jobs in October.

From America’s College Town, With Love: 10 Ways To Land Your First Job And Stay Sane During The Process

December 20, 2012
Sam Mackin has an undergraduate degree in journalism, but now works at a restaurant in Lunenberg, Massachusetts (Nate Goldman/WBUR)

BOSTON — To conclude WBUR’s Generation Stuck series, a career coach gives her advice on what young adults can do to keep their spirits up and eyes focused on finding the right job.

Official Predicts Bump In Mass. Tax Collections

December 12, 2012

BOSTON — Officials say collections for the 2014 fiscal year are estimated to increase $688 million to $977 million over projected revenues for the current fiscal year.

U.S. Report: Mass. Homelessness Increased 5 Percent Last Year

December 11, 2012

BOSTON — Homelessness in Massachusetts increased by 5 percent between January 2011 and January 2012, and has jumped 16 percent since 2007, according to a federal report.

Chinese Company Wins Bid For Waltham-Based Battery Maker A123

December 10, 2012
An A123 Systems Inc. logo is seen in Livonia, Mich. (Paul Sancya/AP)

NEW YORK — Bankrupt battery maker A123 Systems Inc. says it will sell most of its assets to the U.S. arm of Chinese auto parts conglomerate Wanxiang Group Corp.

BU President’s Pay Tops Chart At Over $1M

December 9, 2012
Massachusetts Private University President 2010 Compensation

BOSTON — Robert Brown was the highest paid president of any private college in Massachusetts.

Senator: GOP May Agree To Higher Tax Rates On Wealthy

December 9, 2012

WASHINGTON — Senate Republicans may agree to higher tax rates on the very rich if it meant getting a chance to overhaul entitlement programs like Medicare and Social Security.

Sec. Gonzalez: ‘Fiscal Cliff’ Fears Have Frozen Economy, Constrained Growth

December 5, 2012

BOSTON — Mass. Secretary of Administration and Finance Jay Gonzalez says because of fears over the “fiscal cliff,” many businesses are keeping their capitol on the sidelines.

Forecast Sees Slow Economic Growth In New England

December 5, 2012

BOSTON — Massachusetts, New Hampshire and Vermont will have the strongest economies in the six-state region, the report said.

State Considers Opening Southeastern Mass. To Commercial Casino Bidding

December 5, 2012

BOSTON — The Mashpee Wampanoag tribe has exclusive rights to develop a casino there but faces major hurdles as it works to win federal approval.

Summary Of Budget Actions Proposed By Gov. Patrick

December 4, 2012

BOSTON — A summary of spending cuts, transfers and other measures Gov. Deval Patrick proposed on Tuesday to close a projected $540 million state budget gap.

Warren Already At The Center Of A D.C. Battle

December 4, 2012
Will Sen.-elect Elizabeth Warren get a seat on the Senate Banking Committee? Senate Majority Leader Harry Reid is expected to announce who sits on what committees early next month. (Harry Hamburg/AP)

BOSTON — There’s controversy over whether Sen.-elect Elizabeth Warren should get a seat on the Senate Banking Committee.

New England Shrimp Fishermen Face Low Quota

December 3, 2012

PORTLAND, Maine — A panel set a catch limit of about 1.4 million pounds for the season. Last year’s catch was about 5.3 million pounds.

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