There' s more evidence that Massachusetts is doing better than the rest of the country in the current economic slump. Yesterday the US Department of Commerce released final numbers on GDP (gross domestic product) growth by state in 2007. Overall, US economic growth slowed from 3.1 percent in 2006 to 2.0 percent last year, but Massachusetts went from being slightly behind the curve (3.0 percent growth in 2006) to significantly ahead of it (2.5 percent in 2007).
Massachusetts was hurt by a decline in the construction industry (something that happened in every state but Wyoming), but benefited from growth in both the manufacturing and the professional/technical services sector.
The picture was quite different in our neighbor to the north. New Hampshire's 0.1 percent decline in GDP was the worst showing in the US outside of Delaware and Michigan. The slump in construction was among the sharpest in the nation (only Arizona, Florida, and Nevada posted bigger declines), and New Hampshire had the country's biggest slide in the "real estate, rental, and leasing" sector. Curiously, the real estate sector went up slightly in Massachusetts at the same time. Is the idea of moving farther and farther away from Boston losing its appeal?