A top economic analysis firm said Massachusetts is pulling out of the recession and making an economic recovery.
Moody’s Economy.com said the state actually started recovering in January, buoyed by a strengthening housing market.
Gus Faucher, director of macroeconomics at Moody’s Economy.com, told The Boston Globe that the makeup of the Massachusetts economy has helped it emerge from the recession sooner than many other states. The state’s large education and health care sector, which accounts for more than one in five jobs, has grown through the downturn, adding nearly 25,000 jobs since the recession began here in March 2008.
He said job growth is expected to continue.
Other economists, using different measures, also said the recession has probably ended in the state. (AP)