Taxachusetts Growth Rate Tops U.S.
The Massachusetts economy grew at an annual rate 4.3 percent from April to June. That’s more than three times faster than the national growth rate:
The UMass report showed that Massachusetts added 41,300 jobs in the first half of 2011. The state’s unemployment rate fell in June to 7.6 percent, down from 8.3 percent late last year…. The report, published by the UMass Donahue Institute in collaboration with the Federal Reserve Bank of Boston, predicted the state’s economy would continue to its solid recovery and grow 4.7 percent in the third quarter and 4.3 percent in the fourth.