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But yeah, the job market in Massachusetts continues to be really strong, especially in finance. Tech has receded from it's post-pandemic highs, real estate industry is slowing.
Massachusetts Unemployment Rate is at 4.00%, compared to 3.90% last month and 3.30% last year. This is lower than the long term average of 5.47%. The Massachusetts Unemployment Rate measures the total number of employees in Massachusetts that are a part of the labor force, but are without a job.
Economic and Labor Market Data | U.S. Department of Labor.
Labour market information including data on national, regional and local markets is available through The Australian Government's Labour Market Information Portal. This information can be highly valuable for making informed decisions on your future, in line with current wages, industry potential and prospects.
Massachusetts has lagged the US in employment growth across nearly every major sector. The current unemployment rate in Massachusetts is 3.9 percent, which is up a half of percentage point from October, 2023 but still lower than the national average of 4.1 percent.
State work is pretty excellent, really. Great benefits, decent salary, and often the work is meaningful.
Labor Market Information is all the quantitative data, like numbers and statistics, and qualitative information, or the personal stories to support the data, related to employment and the workforce.
By many metrics, the job market is strong for American workers. The unemployment rate — which was 4.2% in November — is near historical lows dating to the late 1940s. The layoff rate in October was also at its lowest since the early 2000s, when record keeping began, and has hardly budged since 2021.
States with the Highest Employment Rates South Carolina has the highest employment rate in the United States of 97.7% (an unemployment rate of 2.3%). Utah is tied with South Carolina for the highest employment rate of 97.7%. Vermont is tied with both South Carolina and Utah for the highest employment rate of 97.7%.
Massachusetts has lagged the US in employment growth across nearly every major sector. The current unemployment rate in Massachusetts is 3.9 percent, which is up a half of percentage point from October, 2023 but still lower than the national average of 4.1 percent.