Massachusetts lost 4,500 jobs in January after the state last year saw the largest increase in jobs since 2000, but experts and state officials said last month’s losses are not a predictor of the entire year.
“I don’t think that reflects any indication that the economy is slowing at all,” said Alan Clayton-Matthews, an economist at Northeastern University. “I suspect that this is an aberration and things will pick up in the coming months.”
Andre Mayer, senior adviser at Associated Industries of Massachusetts, said in a blog post it is tough to interpret January’s numbers.
“The reported January job loss may signal a slowdown, but it may just as well be statistical error from the survey or seasonal adjustment, or simply a result of bad weather.”
Clayton-Matthews said much of the losses could be due to seasonal trends.
“The decline in retail trade could be due to seasonable fluctuations that occur this time of year,” he said.