New State GDP Data Highlights Rollercoaster Economy

The Massachusetts economy grew at a record pace in the third quarter after an historic fall this spring when the COVID-19 pandemic hit and prompted widespread business closures, but economists say that upswing has started to slow and employment remains well below pre-pandemic levels.

Massachusetts GDP Grows 4 Percent In Q2

Wage and salary growth boosted real gross domestic product in Massachusetts by 4 percent in the second quarter of 2017, outpacing real GDP growth in the U.S. of 2.6 percent during the same period.