Massachusetts Unemployment Rate Falls As State Adds Jobs
The Massachusetts unemployment rate inched down to 5.5. percent in June as the state’s economy continued to add jobs.
Education and health services continued to lead the Massachusetts economy adding 6,000 jobs last month according to the Executive Office of Labor and Workforce Development. UMass Amherst economics professor Robert Nakosteen says there was a surprising loss of 1,100 manufacturing jobs in June.
"Many thought manufacturing was on a positive trajectory and there would not be declines in employment in this sector. Now,this may get reversed next month but it is something to keep an eye on."
Construction, which had been one of the fastest growing sectors, lost 900 jobs. The 5.5 percent jobless rate is the lowest since August 2008, and is down from 6.8 percent at the beginning of this year.