Please do not leave this page until complete. This can take a few moments.
Massachusetts has, at least for now, ridden out the worst of the coronavirus pandemic — but it hasn't escaped the virus's economic toll.
The state's unemployment rate in June rose to 17.4%, the worst in the nation, according to figures released Friday by the U.S. Bureau of Labor Statistics. That sets a new unemployment record for the state since such record-keeping began.
The rate — up from 14.7% in May — comes as new unemployment claims have been slowly trending downward, and may reflect a higher rate of out-of-work residents in Massachusetts counting as unemployed compared to other states. National reports have indicated wait times of weeks in some states for residents' unemployment claims to be processed.
In fact, the Massachusetts unemployment rate worsened despite 83,700 more residents counting as employed in June compared to a month earlier, according to federal data. That increase of 2.7% was somewhat on the lower end nationally but part of a trend of workers generally heading back to work in June, at least before virus numbers began rising significantly again through the end of the month and into July.
Nonetheless, Massachusetts has had more than 1.1 million new unemployment claims since mid-March, when the pandemic began hitting the state quickly and many businesses were forced to shut or continue operations remotely. The state's unemployment rate in June 2019 was 2.9%. The number of employed Massachusetts residents has fallen by 529,800, or 14.4%, since then.
Having so many Massachusetts residents out of work may soon have health consequences, as well. The advocacy group Families USA estimates 8% of Massachusetts adults now lack health care because they've lost their jobs. The rate in 2018 was 4%, according to the group. According to the U.S. Census, the rate was 2.8%, easily the best in the country.
Unemployment in Central Massachusetts remained roughly flat at 14.7% in May, with local June data not yet available. Nearly 95,000 residents in the area were out of work in May, nearly 5,000 more people than were counted a month prior.
The national unemployment rate in June was 11.1%.
Kentucky claimed the best U.S. unemployment rate in June at 4.3%, followed by Utah at 5.1% and Idaho at 5.6%. Following Massachusetts at the other end of the spectrum were New Jersey at 16.6%, New York at 15.7% and Nevada at 15.0%.
The June unemployment rates, which are not seasonally adjusted, are considered preliminary, the Bureau of Labor Statistics said.
Nationally, 1.3 million new unemployment claims filed were last week, according to the U.S. Department of Labor. In total, the country has roughly 52.1 million unemployment claims filed since the beginning of the pandemic.
Thank you Governor Baker for your awesome leadership during this trying time. See what you accomplished...We are #1...in unemployment! Great work...well, not really.
Stay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Sign upWorcester 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.
SubscribeWorcester 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.
See Digital EditionStay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
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.
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
1 Comments