Document Type


Publication Date

Summer 1998


As economists continue to explain why growth will slow and inflation will reemerge, the Massachusetts jobs engine accelerates, generating jobs and income at an increasing rate even as inflation continues to subside. The state’s expansion has now surpassed the “Miracle Years” in length, and there is no evidence to suggest that it will end soon. In spite of this, a slowing is inevitable; the region is running out of skilled workers and cannot support this rate of growth indefinitely. The pool of available workers now appears concentrated among less-skilled workers with low levels of educational attainment. These workers could support continued expansion, albeit at a slower pace of income growth, if employers can absorb them into the workforce.


Published in MassBenchmarks, Vol. 1, No. 3, pp. 4-8:


University of Massachusetts Donahue Institute

Included in

Economics Commons



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