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Mass. consumer confidence hits all-time low

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Play from 0:19[0:19] ..." get. This question is one of five asked to form the latest consumer confidence index in the state spoke with bill Gunther of mass insight about those results."...

Play from 0:29[0:29] ..." Protected they -- can affect consumer confidence index forward the July quarter. Is and fifty it was a 54. The last quarter in April a year ago it was at"...

Play from 1:14[1:14] ..." you're likely to see. And -- clearly that the combination of higher gas prices. Mortgage crisis and and that wraps an underlying home values. Have people very concerned and and that's not all not at all"...

Play from 1:42[1:42] ..." Yes -- David. You know the one silver lining is that there obviously other sections of the country that it's been far worse conditions then and much larger drops in. In the home prices and Massachusetts has. And actually when you look at that. New England numbers that come out of the conference board nationally. They drafted 27. So it's it's certainly appears that the other New England states -- showing even lower levels of consumer confidence."...

Play from 0:00[0:00]" This is Anthony silver in the WBZ newsroom what would you say about available jobs in your area right now. Are there plenty of jobs not so many jobs jobs are hard to get where you don't know. Only 8% of those who responded to that question said there are plenty of jobs 40% said jobs are hard to get. This question is one of five asked to form the latest consumer confidence index in the state spoke with bill Gunther of mass insight about those results."

Play from 0:29[0:29]" Protected they -- can affect consumer confidence index forward the July quarter. Is and fifty it was a 54. The last quarter in April a year ago it was at 85. And -- below 100 is more pessimistic and optimistic so. Consumers clearly get the point in the economy in the doldrums and were not likely to come out soon."

Play from 0:52[0:52]" Now as they see here the last time this index was above 100 was back in October -- six. That's correct. Tell me about the significance of that of how far we've come from or just over a hundred in October of 6 to fifteen now."

Play from 1:08[1:08]" Well -- is is. Getting toward the the lowest level you you're likely to see. And -- clearly that the combination of higher gas prices. Mortgage crisis and and that wraps an underlying home values. Have people very concerned and and that's not all not at all surprising because if you talk to people in the financial business they're concerned as well."

Play from 1:34[1:34]" Mostly it is its mortgage issues home issues and energy issues. That you think -- driving these numbers down."

Play from 1:42[1:42]" Yes -- David. You know the one silver lining is that there obviously other sections of the country that it's been far worse conditions then and much larger drops in. In the home prices and Massachusetts has. And actually when you look at that. New England numbers that come out of the conference board nationally. They drafted 27. So it's it's certainly appears that the other New England states -- showing even lower levels of consumer confidence."

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A bleak day of announced job cuts 

Tens of thousands of jobs were lost Monday, as a number of companies slashed payrolls. WBZ's Anthony Silva has details.

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[0:14]..." with a one. Sprint Nextel will lay out some 8000 positions and Home Depot and -- the comfortable clothes its expo design locations. Eliminating some 7000 jobs. Home Depot's move reflects the continuing effects of the recession and downturn in the home improvement and building markets. -- came Home Depot spoke with. "...

[2:58]..." to. You know. Still have some of those customers shop and traditional home Depot's stores but. We have like -- capsule and decline in demand for and for these tiny and declined. Design projects. "...

[3:11]..." is WBZ business producer Michael Epstein stay with us for New -- business reports weekday mornings at 38 past the hour. And weekday afternoons at 25 past the hour here on WBZ news radio 1030. "...

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3:24more in this series...

Massachusetts unemployment rate leaps a full point in December

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22 Jan 2009

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The state's jobless rate skyrocketed last month. WBZ New England Business Editor Anthony Silva has reaction from UMass Amherst Economics Professor Richard Wolfe.

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[0:31]..." now. Even beginning to play with the -- deep corrections. That the United States faces -- that -- Massachusetts cannot escape from. And I'm afraid that not only of these bad but that's the every single "...

[0:53]..." of many examples this morning statistics included. Absolutely it's. Announcement. About. Slowing economic growth. In China. China is one of the very few countries in the world that is still growing. As opposed to shrinking which "...

[2:44]..." look like him in the offing and it still possible. Then yes Massachusetts's. Health care industry. At least parts of it might be able to weather is still. "...

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3:54more in this series...

Boston-based energy company will help city save money

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21 Jan 2009

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WBZ New England Business Editor Anthony Silva talks with EnerNOC Chairman Tim Healy about the venture.

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[2:00]..." not hours not days but certainly minutes. Were running a real time electricity grid. So it only makes sense that we should be able to do what we do they'll do electricity grid in real -- we're talking about electronic signals that go out in minutes and were able to curtail. Hundreds of megawatts in the New England region alone our company manages well over 2000 megawatts of a demand response across North America. And that means that it's it's "...

[0:07]..." electronically regulate peak electric use. In -- says City Hall the Boston Public Library in Boston Police headquarters will be tied into the electronic demand response network. I spoke with the chairman of you know knock "...

[1:31]..." and in turn it helps us avoid those those. Peak times and electricity grid when. Or nervous about blackouts and brownouts and electricity outages in the region. "...

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4:50more in this series...

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