Massachusetts unemployment rate rises to 6.7 percent
The Boston Globe - 01/18/2013
The Massachusetts unemployment rate ticked upward to 6.7 percent in December, the seventh straight month that the rate held steady or increased, state officials said Thursday.
The jobless rate has slowly risen from 6 percent since May and added a tenth of one percentage point last month. But the state also added 7,500 jobs in December and 51,000 jobs last year. That helped to trim the unemployment rate from 6.9 percent a year ago and a peak of 8.7 percent in October 2009.
Alan Clayton-Matthews, an economist at Northeastern University, said the state’s economy is experiencing slow to moderate growth “and that’s about as good as you can expect right now, considering events in Europe and the slowdown in the world.”