The Massachusetts economy continued to create new jobs in 1999, despite tight labor markets. While there were only 1.6 percent more jobs in December 1999 than there were a year earlier, this is an impressive performance, considering that the working-age population has been growing by only one-half of one percent per annum for several years, and the unemployment rate averaged just 3.2 percent for the last two years.
Clayton-Matthews, Alan, "Economic Currents: The State of the State Economy" (2000). Public Policy and Public Affairs Faculty Publication Series. 24.
University of Massachusetts
Published in MassBenchmarks, Vol. 3, No. 2, pp. 4-9: http://www.massbenchmarks.org/publications/issues/vol3i2/3.pdf.