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Worcester economy grows steadily
The economy in greater Worcester grew at roughly 1.9 percent during the third quarter of 2017, up slightly from the revised 1.7 percent turned in during the second quarter, according to the latest update of the Worcester Economic Index.
The WEI, a quarterly report by Assumption College Economic Professor Thomas White, is an estimate of local economic activity based on recent employment and unemployment data for the Worcester area.
“Over the past year the region has added about 2,200 jobs according to the Bureau of Labor Statistics payroll survey,” White said. ”And Worcester’s September unemployment rate of 3.7 percent is below both the Massachusetts and U.S. rates. These factors contributed to the growth in the Worcester Economic Index.”
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