Massachusetts trails country in growth, says MassBenchmarks
Aging labor force, limited infrastructure capacity weighing heavily on state economic prospects
From the article:
The Massachusetts real gross domestic product grew at a 1.6 percent annualized rate in the first quarter of 2018, according to MassBenchmarks.
The U.S. real gross domestic product grew at a 2.3 percent annualized rate, according to the U.S. Bureau of Economic Analysis. Economists had expected growth to be a bit slower across the country, something in the neighborhood of 2 percent.
The difference, according to MassBenchmarks, the journal of the Massachusetts economy published by the UMass Donahue Institute in collaboration with the Federal Reserve Bank of Boston, is the the ease with which Massachusetts employers can find workers.
Read article: Massachusetts GDP outpaced by national growth; shrinking workforce blamed
May 04, 2018