Alan Clayton-​​Matthews, a North­eastern Uni­ver­sity econ­o­mist, said the jobs gained in May are a con­tin­u­a­tion of “mod­erate growth” for the state. As people have begun working again, incomes have risen, house­holds have paid down debt, and home prices have increased.

That has boosted con­sumer spending, which accounts for more than two-​​thirds of the nation’s eco­nomic activity.

We’re in the fifth year of the recovery now, and the employ­ment growth in both the nation and in the state have been fairly steady,” Clayton-​​Matthews said. “House­holds are in a much better posi­tion and so it appears they’re spending.”

Read the article at Boston Globe →