3 ways job market jitters are reverberating in Massachusetts

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Following the worst day for S&P 500 stocks in nearly two years, economic analysts say there are some economic warning signs in Massachusetts.

This is an excerpt from WBUR's daily morning newsletter, WBUR Today. If you like what you read and want it in your inbox,Could an economic slowdown be in store for Massachusetts’ ever-strong economy? After a weaker-than-expected US jobs report Friday, the S&P 500 had. Economic analysts say there are some local warning signs, too.

For consumers: The cost of living — as measured by the Consumer Price Index — has also been growing faster in Massachusetts than the rest of the country, according to Mass Benchmarks. “That’s certainly troubling and could help to explain some of the cost pressures that are being experienced by our households, our working families and our businesses,” Goodman said

The big picture: Massachusetts’ economy still gets relatively high marks overall. The state’s GDP grew faster than the rest of the nation’s rate in the second quarter. And while the number of jobs grew slowly,The fine print: The vouchers are only open to Boston residents over the age of 18 who make less than $45,720 a year, folks over 60 years old, or those who have a chronic or permanent disability.

 

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