© 2024
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

Report: Bay State Economy Soared In 2nd Quarter


    The Massachusetts economy expanded at a torrid pace in the second quarter of this year, according to a report released Friday. 

       The 7.3 percent growth in the state’s economy reported by the journal MassBenchmarks surprised many economists, including Robert Nakosteen of the Isenberg School at UMass Amherst. But, he said it is not an illusion.

        " Employment has grown. In the state, not in the nation, for the first time in a long time we've had robust wage growth," Nakosteen said in an interview Friday. 

        " There's a lot going on in the economy and it seems to all be good."

       The unemployment rate in Massachusetts remains at a near historical low of 3.5 percent – unchanged since March.

       Nationally real gross domestic product grew at a 4.1 percent annual rate in the second quarter, the federal government reported Friday.

The record-setting tenure of Springfield Mayor Domenic Sarno. The 2011 tornado and its recovery that remade the largest city in Western Massachusetts. The fallout from the deadly COVID outbreak at the Holyoke Soldiers Home. Those are just a few of the thousands and thousands of stories WAMC’s Pioneer Valley Bureau Chief Paul Tuthill has covered for WAMC in his nearly 17 years with the station.