Unemployment in Massachusetts Continues to Stay Below 3 Percent
The Massachusetts unemployment rate rose slightly in November but has stayed below 3 percent for the past seven months. This was confirmed by state officials, who reported an increase from 2.8 percent in October to 2.9 percent. In contrast, the national unemployment rate for November stood at 3.7 percent.
Data from the Bureau of Labor Statistics indicates an addition of 3,200 jobs in Massachusetts in November, a recovery from a revised loss of 500 jobs in October. The state has acquired 724,600 positions since employment struck a low point in April 2020, according to the Executive Office of Labor and Workforce Development. It was specified that over the year ending in November 2023, 66,100 jobs have been added.