State Jobless Rate Dips Below 3 Percent
The Massachusetts unemployment rate dropped to 2.8 percent in May, nearly a full point below the national rate, as the labor market continues to hold up despite slower economic growth in recent months.
The Massachusetts unemployment rate dropped to 2.8 percent in May, nearly a full point below the national rate, as the labor market continues to hold up despite slower economic growth in recent months.
The House passed a $49.7 billion fiscal 2023 budget Wednesday evening after adding nearly $130 million in spending through seven mega-amendments over the course of three days.
Massachusetts businesses added 21,000 jobs in March, inching the Bay State closer to pre-pandemic employment levels while the unemployment rate remained above the national average despite improvement.
A yearlong apprenticeship program designed to increase diversity in banking has launched in Massachusetts with several local banks participating.
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
The state unemployment rate in December fell a tick to 2.8 percent and state labor officials reported Friday that employers added 44,800 jobs over the past year, with half of the job gains coming in the education and health services sector.
The unemployment rate in Massachusetts dipped below 3 percent in July even as Bay State employers shed 3,500 jobs.
The state unemployment rate last month dropped below 3 percent for the first time since December 2000, falling one-tenth of a point to 2.9 percent.
Unemployment in Massachusetts ticked up slightly to a rate of 3.6 percent in July even as the state added an estimated 4,800 jobs, the Executive Office of Labor and Workforce Development announced Friday.
Local unemployment rates decreased in four labor market areas, increased in nine areas and remained the same in eleven labor market areas in the state during the month of November, the Executive Office of Labor and Workforce Development reported.
The state’s total unemployment rate increased to 3.9 percent in April from the March rate of 3.6 percent, the Executive Office of Labor and Workforce Development announced Thursday.