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The unemployment rate in Massachusetts dropped by two -tenths of a percentage point for the second month in a row in July, hitting 3.5%, matching the national rate.
The Massachusetts unemployment rate in July 2021 was 5.7%.
Big gains were made in the hospitality, culture, and tourism industries since last year, according to data released Friday by the Massachusetts Department of Economic Research. Year-over-year, jobs in the arts, entertainment, and recreation sector saw a 31% increase. The leisure and hospitality sector added 30,700 jobs, a 10% increase.
Transportation, warehousing and utilities jobs were up by almost 9% year-over-year, possibly reflecting the warehouse boom in parts of Massachusetts.
The finance and insurance sector lost 4,800 jobs statewide year-over-year, but gained 600 hundred jobs since June.
July data indicates big gains in local government jobs since June, but this can be attributed to schools hiring for the school year.
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Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
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