July 10, 2024
Unemployment in Massachusetts by Race
Unemployment rates vary based on racial groups. Most minority groups face higher unemployment rates in Massachusetts than the majority White population.
Blog: Economy
July 3, 2024
The Housing Crisis has a Hand in Massachusetts Out-migration Trends
Recently published IRS data shows that net out-migration from Massachusetts among young adults ages 26-34 is the highest on record. Some 9,498 more taxpayers in this age bracket moved out of Massachusetts than moved in during 2022, up from 9,241 in 2021...
July 1, 2024
Latest IRS Migration Data Show Exodus from Massachusetts Continues
Massachusetts shed more than double the amount of adjusted gross income (AGI) in 2022 than any year prior to 2020, making it fifth among states in net AGI out-migration behind only California, New York, Illinois and New Jersey, according to data released Thursday by the Internal Revenue Service.
June 27, 2024
Cape Cod Restricts Fourth of July Parties: What’s the Economic Impact?
With Fourth of July parties getting out of hand in recent years, Dennis Police established measures to limit the number of beachgoers this year. This may have an impact on Dennis economically, but it is a choice Dennis feels is worth making.
June 25, 2024
Part II: Push and Pull Factors for Massachusetts Businesses
High UI tax rates make it expensive for businesses to operate in Massachusetts. Learn what affects a company's decision to operate in Massachusetts.
June 24, 2024
Mayor Wu’s Office to Residential Conversion Pilot Program Prioritizes Downtown Revitalization over Housing Production, Fiscal Responsibility
In July 2023, in response to a soft post-COVID office market and a daunting housing crisis, Boston Mayor Michelle Wu created a Downtown Office to Residential Conversion Pilot Program. The program uses property tax breaks of up to 75 percent of the...
June 20, 2024
Northwest Massachusetts’ Reliance on Industry Levies
Some towns in NW Massachusetts spend significantly more per capita than their neighbors, without using methods such as large state funding, deficit spending, and high taxes. These towns gain significant portions of their revenue from industry tax levies.
June 18, 2024
Part I: It May Be Better to Be Unemployed in Massachusetts than in Connecticut or New Hampshire
Connecticut, Massachusetts, and New Hampshire all rank among the 10 wealthiest states in the country. Massachusetts is third – behind Maryland and New Jersey – with a median household income of $96,505. New Hampshire has a median household income of $90,845, making...
June 13, 2024
Massachusetts Legislature Procrastinates Once Again
There are less than seven weeks left to the Massachusetts Legislature’s formal sessions with much unfinished business to attend to. Analogizing Massachusetts legislators to students, they are waiting until the night before a 10-page paper is due to begin the assignment that...
June 11, 2024
Cape Cod: The Struggles of Year-Round Residents
Barnstable County contains all 15 Cape Cod municipalities. In 2023, the unemployment rate there was 4.7 percent, while the state average was 2.6 percent. All but one municipality on the Cape had an unemployment rate above the state average. Provincetown, the northern...