42 2014 Economic Forecast www.wbjournal.com Worcester Business Journal
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Source: U.S. Bureau of Labor Statistics
* Projected; Note: Figures are annual and not seasonally adjusted
Source: U.S. Department of Commerce, Bureau of Economic Analysis via FRED (Federal
Reserve Economic Data) and Usaspending.gov (projections)
Economic Output
After a slight dip in 2009, Massachusetts' gross domestic product
has risen steadily and is projected to continue rising through 2015.
GDP (In billions or dollars)
$361.7B
0
$100
$200
$300
$400
$500
2008 2009 2010 2011 2012 2013* 2014* 2015*
$461.2B
$416.9B
$437.5B
Local Unemployment
A year after the three Central Massachusetts regions measured by the federal
government saw drops in their unemployment rates, they rose during the first
10 months of 2013.
4%
6%
8%
10%
Dec. Jan. Feb. March April May June July Aug. Sept. Oct.
Leominster-Fitchburg-Gardner
2012 2013
9.1%
7.4%
5.5%
Nov.
Framingham
Worcester
Trend Lines: 2013
