Business

2013 had strong job growth, data confirms

Revised data released by the state Thursday confirmed that 2013 was a strong year for the Massachusetts 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.

Advertisement

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 the Massachusetts 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.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com