Briefcase

Briefcase

Big E Breaks All-time Attendance Record

WEST SPRINGFIELD — A record number of visitors attended the 2018 Big E, with the final tally of 1,543,470 surpassing the previous record of 1,525,553, set in 2017. During the fair’s run, the all-time highest single-day attendance record was also broken when 172,659 visitors attended on Saturday, Sept. 22. Five additional daily attendance records were set: Sept. 14, 87,092; Sept. 15, 118,627; Sept. 23, 134,986; Sept. 27, 105,084; and Sept. 29, 171,965. “The Eastern States Exposition closed its doors on the 102nd edition with an another record year,” said Eugene Cassidy, president and CEO. “The outpouring of support for this organization from our region is humbling, as that support provides a mechanism for our mission to continue.”

Employer Confidence Slips Slightly During September

BOSTON — Business confidence in Massachusetts declined slightly during September as employers balanced optimism about economic fundamentals with concerns about tariffs and new state regulations. The Associated Industries of Massachusetts (AIM) Business Confidence Index lost 0.6 points to 62.6 last month, leaving it almost even with its level of a year ago. The Index has been moving for most of 2018 within a narrow range that is well within optimistic territory. Raymond Torto, chair of AIM’s Board of Economic Advisors (BEA) and lecturer at Harvard Graduate School of Design, said the steady business-confidence readings may reflect the lack of any significant economic or political changes that threaten the nine-year-old recovery. “The underlying direction of the state and national economies remains positive. The Massachusetts economy grew at a staggering 7.3% annual rate during the second quarter, and unemployment remains near historic lows at 3.6%,” Torto said. “At the same time, employers remain wary of raw-material price increases brought about by new tariffs. The September survey was taken prior to the announcement Sunday of a new trade agreement between the United States, Mexico, and Canada, so it will be interesting to learn whether that deal affects employer attitudes moving forward.” The constituent indicators that make up the overall Business Confidence Index were mostly lower during September. The Massachusetts Index assessing business conditions within the Commonwealth ended the month at 64.5, falling 0.2 points for the month and 0.9 points for the year. The U.S. Index lost 1.1 points to 63.6, leaving it 3.8 points higher than in September 2017. The Company Index measuring employer assessments of their own operations declined a half-point to 61.6, down 0.7 points from September 2017. The Employment Index gained 0.3 points during September, while the Sales Index lost 0.5 points to 60.5. The Current Index, which assesses overall business conditions at the time of the survey, fell 1.8 points last month to 64.3. The Future Index, measuring expectations for six months out, gained 0.6 points. The Current Index rose 1.4 points during the year, while the Future Index lost 1.1 points.

Girl Scouts Announce Recipients of ToGetHerThere Awards

HOLYOKE — Girl Scouts of Central and Western Massachusetts (GSCWM) announced the recipients of the second annual ToGetHerThere Awards. According to the organization, the five recipients have a shared vision of creating a culture of creativity and caring, where young women feel confident in their ability to work hard, dream big, and face with courage any obstacle that stands in the way of making their dreams come true. The awardees were selected in five categories by a panel of business, community and civic leaders. They are:

• Entrepreneur: Laurie Flynn, president and CEO, Link to Libraries;

• Financial Literacy: Kate Kane, managing director, Northwestern Mutual;

• Health & Wellnes: Dr. Sarah Perez McAdoo, co-leader, Capstone Project, UMass Medical Center at Baystate Health;

• Man Enough to Be a Girl Scout: Edward Zemba, president, Robert Charles Photography; and

• STEM: Thomas Gralinski, STEM outreach coordinator, Clark Science Center and the Jandon Center for Community Engagement, Smith College.

Girl Scouts of Central and Western Massachusetts will honor the winners at the ToGetHerThere Awards Luncheon on Friday, Nov. 2, at MGM Springfield. Tickets are $55 each or $500 for a table of 10. To order tickets and for more info on each awardee, visit the Girl Scout website, www.gscwm.org/en/events/special-events/TGHTA.html, or contact Melanie Bonsu at (413) 584-2602, ext. 3623, or [email protected] The event is sponsored by BusinessWest and HCN, Chicopee Savings Bank, Balise Auto Group, Gaudreau Group, Monson Savings Bank, and People’s United Bank.

Unemployment Falls Across Massachusetts in August

BOSTON — Local unemployment rates decreased in 24 labor-market areas in Massachusetts during the month of August, the Executive Office of Labor and Workforce Development reported. Compared to August 2017, the rates dropped in 19 labor market areas, remained the same in four areas, and increased in one labor-market area. Three of the 15 areas for which job estimates are published recorded a seasonal job gain in August. The gains occurred in the Springfield, Brockton-Bridgewater-Easton, and Taunton-Middleborough-Norton areas. The Leominster-Gardner area had no change in its job level over the month. From August 2017 to August 2018, 13 of the 15 areas added jobs, with the largest percentage gains in the Lynn-Saugus-Marblehead, Boston-Cambridge-Newton, Lowell-Billerica-Chelmsford, Worcester, Haverhill-Newburyport-Amesbury, and Taunton-Middleborough-Norton areas. The Peabody-Salem-Beverly and Framingham areas lost jobs. In order to compare the statewide rate to local unemployment rates, the Bureau of Labor Statistics estimates the statewide unadjusted unemployment rate for August was 3.5%. Last week, the Executive Office of Labor and Workforce Development reported that the statewide seasonally adjusted unemployment rate in the month of August remained at 3.6%. The statewide seasonally adjusted jobs estimate showed a 6,100-job gain in August, and an over-the-year gain of 68,100 jobs. The unadjusted unemployment rates and job estimates for the labor-market areas reflect seasonal fluctuations and therefore may show different levels and trends than the statewide seasonally adjusted estimates.

Single-Family Home Sales Decline in August

SPRINGFIELD — Single-family home sales declined by 5.7% in the Pioneer Valley in August compared to the same time last year, while the median price rose 5.9% to $225,000, according to the Realtor Assoc. of Pioneer Valley. In Franklin County, sales were down 17.8%, while the median price rose 5.2% from a year earlier. In Hampden County, sales were down 9.1%, while the median price was up 2.6%. In Hampshire County, however, sales rose 11.0% from August 2017, while the median price shot up 16.7%.

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