The state’s economy continued to expand in 2006, continuing a path of slow, steady growth that began in 2003. By most measures, such as employment, output, labor force, and population growth, it was the best year so far of the recovery, but not by much; and the pace of expansion has been much slower than that of the two prior ones of the 1990s and 1980s. Weighing on the economic accomplishments of the year was a decline in the housing market and a rise in unemployment of the state’s residents, setting the stage for a likely slowing of growth in 2007.
Clayton-Matthews, Alan, "2006 Year in Review: Slow and Steady Does it for 2006" (2006). Public Policy and Public Affairs Faculty Publication Series. 10.
University of Massachusetts Donahue Institute