Massachusetts job creation strong in May

Written By Unknown on Sabtu, 21 Juni 2014 | 00.32

Massachusetts added more than 9,000 jobs in May and the unemployment rate dropped to 
5.6 percent in what economists called an "encouraging" report after the state lost 2,000 jobs in the previous month.

"It's undeniably a strong report," said Michael Goodman, an economist with UMass Dartmouth. "It's striking that the state has a level of employment that is not only above the pre-great recession peak but above the pre-dot-com bubble peak."

The state added 9,100 jobs across a variety of industries in May.

Leisure and Hospitality, Construction and Education and Health Services were among the sectors that saw solid gains last month.

"The jobs are widespread," said Robert Nakosteen, a UMass Amherst economist. "Very encouraging."

The unemployment rate fell to a near six-year low at 5.6 percent, down from 6 percent last month. The jobless rate has now dropped 1.5 percent since October.

"We are in a strong place within our borders," said Rachel Kaprelian, the state's secretary of labor and workforce development.

The national rate was 6.3 percent in May, unchanged from the previous month.

Despite the down month in April — now revised to 2,000 jobs lost instead of 1,600 — the state job market in is good shape, economists said.

"The trajectory has been upward," Goodman said.

Herald wire services contributed to this report.


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