[ad_1]
The Massachusetts unemployment fee dropped to 2.8 p.c in Could, almost a full level under the nationwide fee, because the labor market continues to carry up regardless of slower financial progress in latest months.
The jobless rated launched Friday morning was 0.3 proportion factors under the revised April fee of three.1 p.c. The April jobless fee was initially reported final month at 3.3 p.c.
The Govt Workplace of Labor and Workforce Growth on Friday additionally cited Bureau of Labor Statistics estimates indicating that Massachusetts gained 5,700 jobs in Could, on the heels of April’s revised acquire of 5,900 jobs.
Massachusetts has gained 704,100 jobs since employment ranges plummeted in April 2020 through the onset of the COVID-19 pandemic. Up to now 12 months, the state has gained 105,100 jobs, based on the bureau’s estimates.
The nationwide jobless fee for Could was 3.7 p.c.
[ad_2]
