Held back by aging workforce, Massachusetts economy contracted in Q3; US economic growth slows to 0.9% – masslive.com
An aging baby boomer labor force, and lack of qualified younger workers to replace them, appears to be holding back the Massachusetts economy, but economists with MassBenchmarks are not warning of a recession. The state’s economy contracted two-tenths of a percentage point in the third quarter, according to the most recent report from MassBenchmarks, part of the University of Massachusetts Donahue Institute in Hadley.