Thursday, October 28, 2010

Chamber releases October Jobs & Policy Update

The Chamber recently released its October Massachusetts Jobs & Policy Update. Highlights from the update include:
  • State shed 20,900 jobs last month; 2nd consecutive month of job loss and largest monthly job loss since Jan. 1991. State posted 0.7% job growth last 12 months, slightly higher than U.S. rate of 0.3%.
  • State unemployment rate fell to 8.4% (lowest since May 09), steepest rate decline since tracking began in 1976. Mass. rate remains well below the U.S. rate of 9.6%.
  • Only two of 12 regions added jobs last month; five of 12 regions added jobs year-over-year with strongest growth in South Coast and Metro West regions.
  • Financial Activities (+1,300), Information (+500), and Professional & Business Services (+400) posted largest monthly job gains.
Click here to read the full update.

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