05-17-2012, 11:08 AM
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PW Enlightenment
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Mass. unemployment rate falls to 6.3 percent in April; Employers add 2,500 jobs
Quote:
The Massachusetts unemployment rate fell to 6.3 percent last month as employers added 2,500 jobs, more evidence of improving but far from stellar job growth.
It was the fifth consecutive month of reported job gains in Massachusetts, and the lowest unemployment rate since October 2008, the state Executive Office of Labor and Workforce Development reported Thursday. Massachusetts employers have added more than 31,000 jobs since the beginning of the year, including 7,500 jobs in March.
“It’s not great growth, but it’s decent,” Northeastern University economics professor Alan Clayton-Matthews said. “Adding 31,100 jobs so far this year is a pretty good start.”
He added: “The state has been undergoing a recovery now for over two years. It’s been at a moderate pace and it is making an impact. It’s sort of the little choo-choo that could.”
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Quote:
Massachusetts has rebounded from the recession faster than the nation as a whole; the state unemployment rate was 6.5 percent in March, significantly lower than the U.S. unemployment rate of 8.1 percent last month.
Mass. unemployment rate falls to 6.3 percent in April; Employers add 2,500 jobs - The Boston Globe online
However, Massachusetts has yet to recover from the steep job losses it suffered during the downturn. The state lost 143,000 jobs in the recession that began in Massachusetts in May 2008, but has the state has regained just 81,500 of them through April.
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Mayer added that the gains have been distributed unevenly in in Massachusetts, mostly benefitting people living in Eastern Massachusetts, where many of the state’s high tech and biotechnology companies are located.
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