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Posted on March 6, 2014
Employment growth in Massachusetts was substantial and fairly steady in 2013, but may have faltered in January, according to figures released today by the Executive Office of Labor and Workforce Development.
The release includes preliminary results for January, showing a seasonally-adjusted loss of 4,500 jobs accompanied by a decline of 0.3 percentage points in the unemployment rate to 6.8 percent, close to the U.S. rate of 6.6 percent. The January data annually appear in early March rather than late February to allow time for revisions both to key population estimates and to the prior year data that provide baselines for reports going forward. (The report for February will appear on March 20.)
The retrospective changes to the data for 2013, which smooth out month-to-month statistical fluctuations in the original reports, show jobs gains in 11 months and no change in the other, with a net gain of 55,200, �� the most job creation since 2000. Professional, Scientific, and Business Services and Education and Health Services added the most jobs, while Manufacturing (-1,200) was the only sector shedding jobs.