Latest Regional Business Headline
State unemployment rate down to 6.3 percent
The Massachusetts unemployment rate continued a first-quarter plummet in March, dropping to 6.3 percent as the state packed on 8,100 jobs. Since last October the unemployment rate has dropped nearly a full percentage point. The February unemployment rate was 6.5 percent and the state added 5,500 that month, according to numbers released Thursday that revised jobs gains upward by 1,700 jobs for that month. The 0.9-point drop in the unemployment rate between last fall and the early spring is just shy of the full point 12-month descent that began at a Great Recession high of 8.7 percent in January 2010 and fell to 7.7 percent in January 2011. After January 2011, shifts in the unemployment rate were not large for an extended period, until last fall. Read more here.
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