The Boston Globe | By Deirdre Fernandes
November 17, 2016
The Massachusetts unemployment rate continued to dip in the month before the presidential election, reaching 3.3 percent in October.
The drop from 3.6 percent in September marks the fourth consecutive month that the state’s jobless levels has fallen, according to the Executive Office of Labor and Workforce Development. The last time the unemployment rate hit 3.3 percent was in April 2001.
The low unemployment rate, however, masks the fact that initial estimates show that Massachusetts actually lost 5,500 jobs in October. But the September job gains were higher than originally reported – with employers adding 8,100 jobs, 3,000 more than first estimates – helping to lower the overall unemployment rate.