Record Mass. jobless rate sinks even lower
Photo | Courtesy of UMass Chan medical school
Construction workers sign the beam for the topping-off ceremony for the new $325-million research building at UMass Chan Medical School in Worcester.
The Massachusetts unemployment rate dipped even lower in July after establishing a record low point in June.
State officials on Friday morning pegged the jobless rate last month at 2.5 percent, down 0.1 percentage point from the previous month.
The national unemployment rate for July was 3.5 percent.
The Bureau of Labor Statistics (BLS) indicated Massachusetts gained 12,500 jobs in July, the state announced, following June's revised gain of 1,400 jobs.
From July 2022 to July 2023, BLS estimates that Massachusetts gained 90,300 jobs, with the largest over-the-year increases coming in education and health services; professional, scientific and business services; and leisure and hospitality.
Employers in recent months have struggled to fill open jobs and the Executive Office of Labor and Workforce Development reported Friday that the state's labor force decreased in July by about 5,200 people, with 1,200 fewer residents employed and 4,000 fewer residents unemployed over-the-month.
WBJ Web Partners
Most Recent
Most Recent
0 Comments