Mass. jobless rate eclipses nation’s
The Boston Globe - 12/20/2013
Yet, the state’s situation is far from dire, said Northeastern University economics professor Alan Clayton-Matthews. The state unemployment rate is estimated from a survey of households, but a separate survey of employers also released Thursday showed that the state added 6,500 jobs in November, after gaining 9,400 in October.
The data from both surveys are subject to regular, and sometimes significant, revision.
The employers survey has shown steady job gains for the last four months, Clayton-Matthews added. Other indicators, such as strong home sales and rising incomes, also suggest Massachusetts’ economy is doing better than the unemployment rate would indicate, he said.