A program of the Economic and Public Policy Research Group at the UMass Donahue Institute
in collaboration with the Federal Reserve Bank of Boston

Notes from the Board

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The performance of the Massachusetts economy remains solid

As has been the case for several quarters, recent trends in the Massachusetts economy look similar to those for the nation. Overall, the economy is doing well, but there are continuing signs of a slowdown. Unemployment is low (2.9% in MA and 3.5% in the U.S.), but employment and output growth are decelerating. Growth in the global economy is slowing and labor supply constraints, softening demand, and rising international geopolitical uncertainty, all signal concerns for the economy going forward.

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