New England News
Thu August 14, 2014
Massachusetts Unemployment Rate Creeps Up Even As Jobs Increase
The unemployment rate in Massachusetts ticked up in July, even as the state’s economy added 13,800 jobs
The Massachusetts economy has now added more than 35,000 jobs since the beginning of the year, according to the state’s economic development secretary Greg Bialecki.
" That is a very strong number for Massachusetts. It means even though we had a great year last year adding 55,000 jobs, it looks like we are now on track to beat that number."
The unemployment rate was 5.6 percent, up from 5.5 percent in June, which was the lowest rate in six years. Economists say as more people actively look for jobs the unemployment rate can go up even as businesses hire new workers.