Thursday, March 3, 2011

Massachusetts economy adds 5,600 jobs in January

Today, the Executive Office of Labor and Workforce Development announced that the Massachusetts economy added 5,600 jobs in January. The largest job gains were in Professional, Scientific, and Business Services. Despite the modest growth, the state's unemployment rate remains unchanged at 8.3%.

Click here to read the state's complete January job report.

In other economic news, the Federal Reserve released their Beige Book survey yesterday indicating modest to moderate economic growth across the nation. In this region, economic conditions continue to improve, and many retailers, manufacturers, staffing firms, and software and information technology services companies cited increases in sales or revenue. The survey also indicates that firms in several sectors are currently hiring or planning to hire this year.

Click here to read the Beige Book survey.

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