Massachusetts Unemployment Rates Drops to 6.5%, Lowest Rate in Over 3 Years

According to the Massachusetts Executive Office of Labor and Workforce Development, the state’s unemployment rate fell to 6.5 percent in March, down from 6.9 percent in February and the lowest rate since November 2008. Massachusetts added 8,700 jobs in March.

The sectors that gained the most jobs in Massachusetts were Professional, Scientific and Business Services; Trade, Transportation and Utilities; and the Education and Health Services sectors.

Massachusetts’ unemployment rate remains lower than the national average, which is 8.2 percent.

Massachusetts Unemployment Rate Continues to Hold Steady

The Massachusetts Executive Office of Labor and Workforce Development released the state’s unemployment numbers for February today and Massachusetts continues to hold steady at 6.9 percent for the third month in a row. The Massachusetts economy added 9,100 jobs in February and the agency revised its number for January by reporting that the local economy added 13,900 jobs that month instead of the 6,600 jobs previously reported.

Massachusetts Unemployment Rate Holds Steady; Economic Growth Not as Robust as Initially Predicted

Yesterday the state Executive Office of Labor and Workforce Development announced that Massachusetts’ unemployment rate in January held steady at 6.9 percent (compared to 8.3 percent nationally) and that 6,600 jobs were added by Massachusetts employers. The state Department of Labor also reported revised jobs figures for 2011, including a dramatic revision to the overall number of jobs created last year. The revised data states that just over 9,000 jobs were created in Massachusetts during 2011, compared with initial estimates of nearly 41,000 jobs. Local economists are somewhat surprised by the change and believe the real number is somewhere between the two figures.

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