The Massachusetts Economy Continues to Perform Well with Several Economic Indicators Outperforming Pre-Recession Highs
Overall the Massachusetts economy is performing quite well. Several key indicators, including total jobs, unemployment, wages, and gross state product are close to or better than pre-recession levels (see the table below). Similarly, the monthly unemployment figures continue to signal positive news for the state. The January 2017 unemployment rate for Massachusetts was 3.2 percent, 1.6 percentage points lower than the national average. The current unemployment rate is among the lowest for the state since before the 2001 recession.