State Jobless Rate Improves But Half The Jobs Have Not Been Recovered

The Massachusetts unemployment rate is now down to six-point seven percent. It had been double digits since the summer. It marks the lowest level of unemployment since the start of the pandemic. We are expecting the town-by-town numbers prior to the end of the year. Of the nearly 700 thousand jobs that were lost because of the pandemic – the state has recovered roughly only half of them. Analysts say that most private industries have reported gains. Government continued to shed jobs with about 34 hundred jobs lost. Without action from Congress that number could grow even higher. To that end, lawmakers in Washington have approved a two day temporary budget in the hopes that a relief bill can be passed. It is still unclear about the specifics of the spending plan.

(Photo by Joe Raedle/Getty Images)


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