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The US economy is wonky right now. How about Massachusetts? – The Boston Globe

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The US economy is wonky right now. How about Massachusetts? – The Boston Globe


With that in mind, here are four graphs that capture the state of markets, jobs, industry, and cost-of-living in the US, Massachusetts, and Greater Boston.

Stocks

First things first: Wall Street’s mini-meltdown on Aug. 5 hit the Nasdaq Composite — a collection of tech-focused companies — particularly hard, with the index slipping 3.4 percent from the previous business day. This is likely due to existing anxieties about whether stocks in this sector have been bullishly overvalued by the AI boom.

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The Dow Jones industrial average and the Standard & Poor’s 500 indexes also experienced routs, though less dramatic (2.6 percent and 3 percent, respectively).

The Massachusetts economy — while relatively strong — is heavy on tech and biotech, so it landed somewhere in the middle. On Monday, the closing price of the Boston Globe’s index, which tracks 25 publicly traded companies in the Bay State, sank 2.9 percent.

But, like, the other indexes, it was back in recovery mode by Tuesday, a rally that continued — with some stops and starts — through the week.

Employment

A big concern right now among investors is the job market, considered one of the strongest indicators of an impending recession.

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The US added a relatively meager 114,000 jobs in July. State-specific payroll data for July won’t be released until later this month. But by the latest measures, Massachusetts companies are very much in hiring mode.

After stumbling earlier this year, Massachusetts employers added 19,000 jobs in June, according to the Bureau of Labor Statistics — an uptick of 0.51 percent from May. By comparison, the US’s bump from May to June was just 0.11 percent.

GDP

Growth in Massachusetts’ gross domestic product — the total value of all produced goods and services — outran that of the US in the second quarter of 2024, ticking up by an annualized rate of 3.3 percent from the first quarter, according to MassBenchmarks, an economic group that analyzes the state. The last time that happened was a year ago, in the second quarter of 2023.

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MassBenchmarks has some theories for why that is. “In Massachusetts, this increase in growth was supported by moderate payroll employment growth, high withholding and sales taxes — which imply high wage and salary income and spending growth, low unemployment rates, and a growing labor force,” the group said in a report.

Inflation/cost-of-living

If there’s one area where Boston reliably outpaces the rest of the country, it’s the cost of living. Recent data show that’s not changing.

After months of year-over-year inflation growth in the Boston metro area staying in the 2 percent range, it began to edge up again earlier this year. The last reported measure showed prices 4 percent higher in May 2024 than they were in May 2023, compared to 3.3 percent higher for the US. The increase in Boston was primarily driven — no surprise — by exorbitant shelter costs.

It remains to be seen whether prices in Boston have abated at all over the summer; the next Consumer Price Index for the metro area is due to be released later this month.

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Dana Gerber can be reached at dana.gerber@globe.com. Follow her @danagerber6.





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Massachusetts

Massachusetts arrested over sword-wielding, threats to Donald Trump | The Jerusalem Post

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Massachusetts arrested over sword-wielding, threats to Donald Trump | The Jerusalem Post


A Massachusetts man accused of making threats on Facebook to kill United States President Donald Trump was arrested on Wednesday after a stand-off with law enforcement in which the man began brandishing a sword.

Andrew Emerald, 45, was charged in an eight-count indictment filed in federal court in Springfield, Massachusetts, over a string of threatening posts he allegedly made last year, including one in which he vowed to travel to Trump’s Mar-a-Lago resort in Florida if the president was not dead by 2026.

“Either Trump is dead and in the ground by 2026, or I am hunting him down and putting him there,” Emerald wrote in another social media post in May 2025, according to the indictment.

A lawyer for Emerald did not immediately respond to a request for comment.

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His Facebook posts came to the FBI’s attention as a result of a tip from a citizen who had warned Emerald that it was a crime to threaten the life of the president, according to documents prosecutors filed seeking to have him detained.

Emerald replied that he had been threatening Trump online for a decade and that, if law enforcement came after him, “I’ll kill them until they kill me,” according to an affidavit from an FBI agent.

When the FBI on Wednesday went to his residence in Great Barrington, Massachusetts, to execute an arrest warrant, Emerald refused to come out before eventually stepping into view brandishing a long, metallic sword, the affidavit said.

The FBI agent said Emerald had previously referenced his sword in Facebook posts threatening Trump, including in July 2025, when he said he would stick it through the president’s throat.

Emerald told agents they would need to shoot him before locking his door, the FBI agent recounted.

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Local police and an FBI crisis negotiation team were called in. He finally agreed to be arrested after a police officer reached him on his phone, the FBI agent’s affidavit said.





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Jewish families in western Massachusetts get ready for Passover

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Jewish families in western Massachusetts get ready for Passover


CHICOPEE, Mass. (WWLP) – Jewish families in western Massachusetts and across the world are preparing to observe the eight-day festival of Passover starting at sundown Wednesday. The holiday commemorates the biblical story of Exodus and the Israelites’ liberation from slavery in Egypt.

The festival is also known as Pesach and the Festival of Unleavened Bread, according to the National Day Calendar. Its date changes annually because it is set according to the first full moon in the Hebrew calendar month of Nissan.

The roots of the holiday are found in the Old Testament. While traditionally a Jewish observance, many Christians have also begun participating in Passover celebrations.

The holiday starts with the Passover Seder, which is a ritual feast. The event includes reading, singing, washing hands, drinking wine, and eating specific foods.

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A traditional Seder meal includes roasted lamb, flatbread called matzah, bitter herbs like horseradish, and vegetables dipped in saltwater. These items are arranged on a Seder plate.

The food and wine are ingested in a specific order during the meal. The procedure is written in a book called the Haggadah, which also includes the consumption of four cups of wine.

All facts in this report were gathered by journalists employed by WWLP. Artificial intelligence tools were used to reformat information into a news article for our website. This report was edited and fact-checked by WWLP staff before being published.

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