This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Mass. Jobless Rate Holds Steady In January

BOSTON (AP) â¿¿ The Massachusetts unemployment rate held steady at 6.7 percent in January while the state added more than 16,000 new jobs during the month, the state office of Labor and Workforce Development said Thursday.

Officials also released new federal data that showed Massachusetts gained more jobs during 2011 and 2012 than previously estimated.

The state's jobless rate of 6.7 percent remained more than one percentage point behind the national rate, which stood at 7.9 percent in January, up slightly from 7.8 percent the previous month.

The revised job growth estimates from the U.S. Bureau of Labor Statistics showed the state gained a combined 92,800 jobs during 2011 and 2012, an increase of 32,100 jobs from earlier estimates. While the previous estimates were assembled from sample surveys, the revisions are based on actual data collected from Massachusetts employers, officials said.

The numbers from last year's final quarter are still based on projections, so more revisions are possible.

The revisions "show a steady job recovery and more continuous job growth compared to previously published estimates for 2011 and 2012," said Joanne Goldstein, state Secretary of Labor and Workforce Development.

She added that the state still had more work to do to ensure that everyone who wanted a job could find one and that companies looking to hire would find qualified applicants.

The revised numbers show that the unemployment rate in Massachusetts was between 6.6 percent and 6.8 percent throughout 2012, with little month-to-month fluctuation.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,214.42 -10.15 -0.06%
S&P 500 2,110.74 -3.12 -0.15%
NASDAQ 4,987.89 +20.7530 0.42%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs