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Robust Mass. Economy Hindering Search for More Skilled Workers

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"Few would suggest that Massachusetts’ unemployment rate dropping below 3 percent, as it did in November for the first time in more than 15 years, is a bad thing. But some economists are waving caution flags about an increasingly tight labor market in which key industries are finding it more difficult to secure the highly skilled employees they need to continue flourishing. “The Massachusetts economy is fast approaching full capacity,” writes the editorial board of MassBenchmarks, a journal of the state’s economy published by the University of Massachusetts Donahue Institute. Used in this sense, full capacity describes a theoretical situation in which an economy reaches its maximum level of output, unable to grow further."

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