MassBenchmarks: 2023 Economy sees strong start in Massachusetts, concerns loom
Quarterly "Notes from the Board"The most recent MassBenchmarks Board meeting began with a review of economic data demonstrating better than expected economic performance. Real gross domestic product, in recent quarters, is now on par or exceeding U.S. averages, payroll employment surged towards the end of 2022, and the unemployment rate has seen one of the largest drops in the country. Additionally, nearly all major industry sectors in Massachusetts are participating in the recent growth.
The most recent MassBenchmarks Board meeting began with a review of economic data demonstrating better than expected economic performance. Real gross domestic product, in recent quarters, is now on par or exceeding U.S. averages, payroll employment surged towards the end of 2022, and the unemployment rate has seen one of the largest drops in the country. Additionally, nearly all major industry sectors in Massachusetts are participating in the recent growth.
March 30, 2023
