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Massachusetts economy grows by 4% on strong wage, salary numbers

From the article:

The Massachusetts economy grew by 4 percent in the second quarter of 2017 based on a surge of wage and salary gains statewide.

This is according to an estimate released Friday by MassBenchmarks, a survey of the Massachusetts economy prepared by the Federal Reserve Bank of Boston and the University of Massachusetts Donahue Institute.

This compares with the national estimate that U.S. real gross domestic product grew 2.6 percent during the same period, according to data released by the U.S. Bureau of Economic Analysis on Friday.

The MassBenchmarks is the journal of the Massachusetts economy published in cooperation with the Federal Reserve Bank of Boston and managed by the Institute. As part of this work, we regularly release current and leading indices of the Massachusetts economy, briefings on the Massachusetts economic outlook fro mthe Editorial Board, and other timely analyses and perspectives on state economy.

The Boston Globe also reported on the MassBenchmarks release.

Read article: Massachusetts economy grows by 4% on strong wage, salary numbers

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