Mass. unemployment rate plummets to 2.9 percent


The Boston Globe | By Deirdre Fernandes
December 15, 2016

The Massachusetts unemployment rate plummeted to 2.9 percent in November, marking the fifth month in a row that joblessness has dropped.

The state’s unemployment rate is now at its lowest level since January 2001, according to the Massachusetts Executive Office of Labor and Workforce Development.

The state’s employers added 5,800 jobs in November, helping to bring down the unemployment rate from 3.3 in the previous month. The state’s joblessness rate remains below the national rate, which was 4.6 percent in November.

Over the last Massachusetts employers have added 67,200 jobs, with the strongest private sector growth occurring in construction, professional, scientific and business services, education and health services and hospitality. Although most sectors of the state’s economy added jobs or remained flat this past year.

”We are very pleased to see the unemployment rate consistently go down month after month,” said Ronald L. Walker, II, the secretary of labor and workforce development in a statement. “Not only is the unemployment rate declining, but we have continued job growth in key sectors that drive the Massachusetts economy.”

Read More.