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Report: Greater MetroWest economy grows, but high housing costs persist

Report: Greater MetroWest economy grows, but high housing costs persist

WICKED LOCAL — With home prices on the rise, and new jobs being added each year, the local economy continues to grow.

That was the takeaway from a new report by researchers at Framingham State University, who found employment in Greater MetroWest moved upward over the last two years, continuing a record-breaking streak.

“The report showed that we continued to have strong growth in the region, which I think is a wonderful indicator showing that a lot of the work that we’re all doing is certainly paying off,” said Meredith Harris, executive director of the Marlborough Economic Development Corporation.

The report — produced by the MetroWest Economic Research Center (MERC) at Framingham State University — found that annual employment in the region reached a record 190,500 jobs in 2016, up 0.8 percent, or 1,500 jobs, from the previous year.

Professional and business service companies generated the largest share of employment in the region, accounting for some 23 percent of all jobs, followed by companies in the trade, transportation and utilities sectors, which accounted for about 19 percent.

This article by Jim Haddadin originally appeared here.