United States Congress Joint Economic Committee

Massachusetts

September 2020

Labor Market (BLS/Haver)
Most Recent Prior Month 12 Mo. Prior
Massachusetts Unemployment (U-3) 11.3% 16.2% 2.8%
U.S. Official Rate (U-3) 3.5% 3.5% 3.9%
U.S. "Real" Rate (U-6) 6.7% 6.9% 7.6%
Massachusetts Labor Force Participation Rate 62.6% 64.9% 67.8%
U.S. Labor Force Participation Rate 61.7% 61.4% 63.2%
Prices (BLS/Haver, AAA)
Most Recent Prior Month 12 Mo. Prior
CPI-U Inflation 1.3% 1.0% 1.7%
"Core" CPI Inflation 1.7% 1.6% 2.4%
National Gas/gal. Updated 9/24/20 12:00 AM $2.20 $2.19 $2.66
Massachusetts Gas/gal. $2.13 $2.12 $2.61
Northeast Region: Loaf of Bread $1.49 $1.53 $1.19
Northeast Region: Ground Beef/lb. $3.85 $3.74 $4.16
Economic Growth (BEA, WSJ/Haver)
U.S. Real GDP
Q2/2020 (2nd Estimate)
-31.7%
MA Real GDP
Q3/2019
2.2%
S&P 500 (YTD)
3.41% Updated 9/13/20 5:00 AM
Minimum Wage (DOL/WHD)
National Hourly Rate
$7.25
MA Hourly Rate
$12.75
Last Generated: 9/24/20 10:05 AM