Governor Patrick visits the Cedar Street Bridge Project in Wellesley. (Matt Bennett/Governor’s Office)
Last week we received excellent news about the state of the Massachusetts economy and our continued growth. During the month of April, Massachusetts gained 19,500 new jobs. Our state’s unemployment rate fell to 7.8% from 8%.
The monthly employment figures are a good way to track Massachusetts’ economy recovery. But to understand what this means for people who are still looking for work or how this fits into Governor Patrick’s broader plan for growth, we need some more context. Here’s some background on the current jobs picture in Massachusetts.
What do these numbers mean compared to other months?
- Last month’s unemployment rate is the lowest in two years.
- Since January 2011, 34,200 jobs have been added in the Commonwealth.
- Around the state, the unemployment rate fell in 21 out of the state’s 22 local labor markets. Click here for an in-depth look at the jobs picture in your community.
How does that compare to the rest of the country?
- At 7.8% our unemployment rate remains well below the national rate, which is 9.0%.
- Massachusetts ranks 4th in the nation for total jobs created last month.
- We rank 6th in the percentage of total jobs added last month.
Here’s a graph that shows how many jobs Massachusetts has added each month since January, 2010.
All of this means that our record investments in infrastructure, education and innovation are paying off. There is still more work to do, but all the data suggest that Massachusetts’ economic recovery is strong and getting stronger.
Tags: deval patrick, economic recovery, economy, education, employment, governor patrick, infrastructure, innovation, job creation, job growth, jobs, mass gov, mass governor, massachusetts, massachusetts employment, massachusetts jobs