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December 20, 2013

State's unemployment figure exceeds nation's


After the nation and then the state dropped into a recession over the course of the next 12 months, and then began to recover in later years, Gov. Deval Patrick touted the state’s recovery as “faster and stronger” than the nation’s. The state’s unemployment rate fell faster than the nation’s for a time, especially between January 2010 and January 2011 when it dropped a full point.

“We are still in good shape here in Massachusetts,” said Goldstein, who said employers are interested in expanding into the Bay State. Goldstein said TripAdvisor is adding jobs in Massachusetts and Novartis is increasing its “footprint” even as it scales back elsewhere.

The Massachusetts Taxpayers Foundation this month estimated that Massachusetts will add 53,000 jobs in fiscal 2015, which would represent the largest annual jump in employment since 2000.

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