The Ticker: Bay State jobless rate drops, but so does the number of jobs
Boston Herald - 05/16/2014
The state unemployment rate fell to 6 percent yesterday, but the state lost jobs for the first time since January.
“It’s a bit of a mixed picture,” said Alan Clayton Matthews, a professor at Northeastern University.
The state lost 1,600 jobs, and saw the largest drop in the leisure and hospitality sector. Clayton Matthews said that sector can be volatile, and may not reflect the economy’s true direction.
“The payroll survey was very weak this month, but it’s not indicative of a weakening trend in the economy,” he said.