Mass. unemployment rate drops to 5.5%
Boston Globe - 07/17/2014
“The mix of the jobs has changed somewhat,” said Alan Clayton-Matthews, a Northeastern University economist.
Massachusetts is in its fifth year of recovery since the Great Recession. As people have begun working again, incomes have risen, households have paid down debt, and home prices have increased.
But the state’s economic growth no longer outpaces the nation’s overall rate of recovery, which has been accelerating in recent months. The job growth rate in Massachusetts was 1.4 percent over the last three months, compared with 2.4 percent for the nation, Clayton-Matthews said.