Mass. jobless rate fell to 5.6% in May
Boston Globe - 06/19/2014
Alan Clayton-Matthews, a Northeastern University economist, said the jobs gained in May are a continuation of “moderate growth” for the state. As people have begun working again, incomes have risen, households have paid down debt, and home prices have increased.
That has boosted consumer spending, which accounts for more than two-thirds of the nation’s economic activity.
“We’re in the fifth year of the recovery now, and the employment growth in both the nation and in the state have been fairly steady,” Clayton-Matthews said. “Households are in a much better position and so it appears they’re spending.”