Mass. economy outpaced nation in 2014
Boston Globe - 01/30/2015
“The state and national economies appear to have achieved escape velocity following an extended but steady recovery from the Great Recession,” said Alan Clayton-Matthews, a Northeastern University economics professor who analyzes a variety of data to estimate the state’s economic growth rate.
The estimates are released quarterly in MassBenchmarks, a journal of the state economy published by the UMass Donahue Institute in collaboration with the Federal Reserve Bank of Boston. They are based on the analysis of data such as employment, unemployment, and sales and income taxes, which are indicators of wage and salary growth and consumer spending.