Quantcast Wait, What? Massachusetts Leads Nation
Search by tag or site Login to my blogStart my own blog















TheMoneyBlogs
Home
About
Create your own blog
Contact us
Vote for this blog!

The Boston Real Estate Blog

I am an independent real estate broker, focused on the residential real estate market in downtown Boston.

Wait, What? Massachusetts Leads Nation

Posted on 04/29/2007 09:16:39 | Link | Post Comment

Huh?

The Massachusetts economy surged in the first quarter, nearly quadrupling the national growth rate and recalling the technology-driven expansion of the 1990s.

The state's economy grew at a 4.7 percent annual rate in the first quarter, the fastest pace in nearly 7 years, according to a report yesterday from the University of Massachusetts. The US economy grew at a 1.3 percent rate, its worst performance since early 2003, the Commerce Department said.

If you'll remember (I'm sure you do), Massachusetts received a fair amount of press last year as one of the states that had a drop in average home sales price.

Economists say that Massachusetts "leads the nation" for some things (dropping home prices) and "lags" in others (unemployment rates).

So how come we're higher than the nation in GDP, this time around? And how come our unemployment rate is lower than the nation's rate?

Well, whatever the reasons, it's good to hear.

Source: As US lags, economy in Mass. soars - By Robert Gavin, The Boston Globe

More posts about: 
Stock Quote or
Examples
Morpheus Trading - Mon Jul 21, 2008 08:33AM
NOTE: Please click on the charts below to enlarge them if [read more]
Morpheus Trading - Mon Jul 21, 2008 08:31AM
NOTE: Please click on the charts below to enlarge them i [read more]
Millionaire Now! by Larry Nusbaum - Tue Jul 22, 2008 09:23AM
Hedge funds have made billions this year shorting the banks, [read more]

PREMIER SPONSORED LINKS

Most Visited Blogs | Most Popular Blogs | Most Recent Blogs | Contact Us | Terms and conditions | Privacy Policy

The columns, articles, message board posts and any other features provided on TheMoneyBlogs.com are provided for personal finance, education and investment information and are not to be construed as investment advice. Under no circumstances does the information in this content represent a recommendation to buy, sell or hold any security. The views and opinions expressed in an article or column are the author's own and not necessarily those of TheMoneyBlogs.com and there is no implied endorsement by TheMoneyBlogs.com of any advice or trading strategy. The analysts and employees or affiliates of TheMoneyBlogs.com may hold positions in the stocks or industries discussed here. Your use of this and all information contained on TheMoneyBlogs.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

Copyright © 2008 The Connors Group, Inc.