August 20, 2017

Inbox [Aug. 20-26] News and notes from Assumption, city of Worcester, Greater Worcester Our Revolution, Quinsigamond CC, and You Inc.

Print More
Solar farm

Courtesy of city of Worcester

Longtime neighborhood advocate Jane Petrella helped Lt. Gov. Karyn Polito and Mayor Petty flip the ceremonial switch marking the opening of the Greenwood Street Solar Farm.

Have news you or your group would like to share? Let us know by emailing it to info@worcester.ma. Be sure to include a link to the full release on your site or Facebook page so we can include it and send Sun members your way.

Worcester’s economy grows in 2nd quarter

Following a slow start to the year, the Worcester Economic Index, a quarterly economic analysis compiled by Assumption College Professor of Economics Thomas White, Ph.D., has shown that the greater Worcester economy grew at a modest clip during the second quarter of 2017. Since March, the WEI is up 1.1 percent on an annualized basis.

The WEI is estimated using Bureau of Labor Statistics data on employment and unemployment in the Worcester metropolitan area. The unemployment rate slightly increased to 4.6 percent in June while household employment has gone up by 6,400. The BLS payroll survey also showed an increase of 4,200 jobs since June 2016.

“The data shows a labor market that is steady but without much growth, which is the reason the WEI grew at a modest 1.1 percent rate during the second quarter,” White said.


Log in or subscribe to read the entire story. Only $2. No recurring charges.

Comments are closed.