Skip to content
  • State and national economies poised for growth

    The Boston Globe - 01/30/2014

    In Massachusetts, unemployment also remains high — 7 percent in December, compared with 6.7 percent nationally. But Alan-Clayton Matthews, a Northeastern University economics professor and one of authors of the UMass report, said he expects those rates to come down.

    He said the economy appears headed into a “classical recovery phase,” in which increased consumer spending encourages businesses to expand and hire, which boosts consumer confidence, which leads to more spending. In Massachusetts, sales taxes, an indicator of consumer spending, jumped at a 9.2 percent annual rate in the last three months of 2013, compared to 1.5 percent in the same period a year ago.

  • Cookies on Northeastern sites

    This website uses cookies and similar technologies to understand your use of our website and give you a better experience. By continuing to use the site or closing this banner without changing your cookie settings, you agree to our use of cookies and other technologies. To find out more about our use of cookies and how to change your settings, please go to our Privacy Statement.