The University of Massachusetts Amherst

UMass Donahue Institute

A program of the Economic and Public Policy Research Group at the UMass Donahue Institute
in collaboration with the Federal Reserve Bank of Boston

Notes from the Board


Mixed signals about the Massachusetts economy are clouding the outlook

At the beginning of this year, 2023 appeared like a fairly strong year for the Massachusetts economy. Amidst fears of an imminent recession that never occurred, growth in real gross domestic product (GDP) in both Massachusetts and the U.S. stayed in expansion mode and was unexpectedly high. The growth came despite elevated interest rates that have been only partially successful, thus far, in bringing down inflation. The Massachusetts unemployment rate also hit record low levels and jobs growth was robust (at least it seemed at the time) with most industry sectors posting gains.  

Read the Full Summary

Issue archive for "MassBenchmarks: Notes from the Board".

Notes Archive

Contracting with Us

The UMass Donahue Institute is pre-approved to offer a variety of options for streamlined, simplified contracting both within Massachusetts and at the federal level.

Learn More
GSA Logo CommBuys Logo Commonwealth of Massachusetts Logo

UMass Donahue Institute

University of Massachusetts Amherst

100 Venture Way, Suite 9

Hadley, Massachusetts 01035

(413) 545-0001

Contact us by email.

Related Links

Receive our Newsletter

Connect with Us