Massachusetts State Profile

Massachusetts residents feel economic rebound has begun, but are concerned about job loss and are restricting spending; unemployment hits 33-year high; home prices depreciation accelerates; bankruptcy filings slow.

• State job growth fell 3.2% in August 2009 from a year ago; national job growth fell 4.4%.
• State unemployment averaged 9.1% in August 2009; the national average was 9.7%
• Personal income fell 1.9% to $327 billion in Q2 2009 from a year ago.
• Tax revenue fell 19.4% in Q2 2009 from the previous year.
• Exports fell 19.8% to $14.4 billion in the first seven months of 2009 from a year ago.
• Venture capital investment in MA fell 38% to $431 million in Q2 2009 from a year ago.