By Bob Salsberg | The Worcester Telegram | September 21, 2012
The Massachusetts unemployment rate edged up two-tenths of a point in August while preliminary figures showed the state losing about 4,800 jobs during the month, the office of Labor and Workforce Development said Thursday.
The jobless rate stood at 6.3 percent in August, up from 6.1 percent in July. The rate is down from 7.4 percent a year ago, and Massachusetts remained below the August national average of 8.1 percent.
In addition to the preliminary job losses for August, the federal Bureau of Labor Statistics revised downward job gains in the state for the previous month. The new figures show an increase of 300 jobs in July, compared to an earlier preliminary estimate of 1,600 jobs gained during the month.
Alan Clayton-Matthews, an economist at Northeastern University, said Massachusetts has now experienced three consecutive months of slow or negative job growth, which isn’t surprising given weakness in the information technology market both domestically and abroad. Read More