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Institute News

MassBenchmarks: Massachusetts economy slows in first quarter of 2018

From the MassBenchmarks Bulletin:

The Massachusetts economy is now operating at virtually full capacity, but its growth is slowing due to demographic constraints on the labor force. This demographic-induced slowdown has been on the horizon for years and it now appears to be directly restraining state growth in employment and economic activity. Since the expansion began in mid-2009, the state has been consistently keeping pace or growing faster the nation. But with an older workforce than the nation, Massachusetts appears to be entering a phase where it experiences slower growth than the U.S. for the foreseeable future.

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