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NEW: MA Unemployment Rate Up To 6.6 Percent in October

Thursday, November 15, 2012

 

The state's Executive Office of Labor and Workforce Development today reported that the total unemployment rate inched up from 6.5 percent in September to 6.6 percent in October.

The unemployment rate is down 0.5 of a percentage point from the October 2011 rate of 7.1 percent. The three-month average seasonally adjusted total unemployment rate was 6.5 percent and the six-month average was 6.3 percent.

The Bureau of Labor Statistics' preliminary October 2012 estimates show Massachusetts added 7,900 jobs over the month, for a total of 3,255,100 jobs. The October job gain follows a revised gain of 2,700 jobs in September.

Year to date jobs are up 43,300 with private sector jobs up 42,400. Professional, Scientific, and Business Services and Trade, Transportation and Utilities had the largest gains.

Over the year, October 2011 to October 2012, jobs are up 43,000. Private sector jobs are up 44,500, for a growth rate of 1.6 percent with gains in seven of the ten sectors.

 

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