Massachusetts’ jobless fee rose to 7.4% in December

Colin A. Young

BOSTON — The state’s unemployment amount ticked back again up in December, climbing to 7.4% and once again rising above the national average, the Executive Office of Labor and Workforce Improvement declared Friday.

Preliminary job estimates from the federal Bureau of Labor Figures display that Massachusetts shed 600 employment in December, led by a drop of 9,200 leisure and hospitality employment very last month. Nevertheless the private sector actually added 5,200 work in December, it was not sufficient to make up for the 5,800 lost work opportunities in the public sector.

At 7.4%, the Massachusetts unemployment level is even worse than the nationwide average fee of 6.7%. It is also additional than two and a half periods the rate from one particular yr back, 2.8%, in accordance to EOLWD.

Massachusetts has lagged most other states when it comes to recovering careers dropped at the outset of the pandemic and some developments in the state’s labor market place facts “implying further labor current market issues” were highlighted this week in a report from Fitch Ratings.