The Boston Globe – State’s job ranks rose in ’13 – 3/7/14

But revisions show growth is uneven

Revised data released by the state Thursday confirmed that 2013 was a strong year for theMassachusetts economy. The annual revisions, based on more complete reports from employers that become available over the year, showed that Massachusetts gained 55,000 jobs in 2013, the best job growth since the dot-com boom year of 2000.

On the other hand, the revisions showed that unemployment was higher than initially estimated, averaging 7.1 percent last year, compared to 6.8 percent in 2012.

Economists cite the jobless rate as evidence that the expansion’s benefits have not been distributed evenly. “The story for theMassachusetts economy, if you ignore high levels of unemployment and inequality, is the economy has been performing very well,” said Alan Clayton-Matthews, a Northeastern University economics professor. In January, the jobless rate fell to 6.8 percent, from 7.1 percent in December, the state reported.

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